USD Coin (USDC) is a fully backed, fiat-pegged stablecoin issued by Circle and governed by the Centre consortium. Each USDC is backed 1:1 by a U.S. dollar held in reserve, making it a stable digital asset designed for minimal price volatility. Launched in 2018, USDC operates on multiple blockchains including Ethereum, Solana, and Polygon. It's widely used in decentralized finance (DeFi), trading, remittances, and payments due to its transparency and regulatory compliance. Monthly audits by third-party firms ensure the reserves match circulating supply, enhancing trust and adoption in the crypto ecosystem.
