$USDC

USD Coin (USDC) is a fully-backed stablecoin pegged 1:1 to the U.S. dollar. It was launched in 2018 by Centre, a consortium founded by Circle and Coinbase, with the goal of providing a trusted and transparent digital dollar. USDC is issued as an ERC-20 token on Ethereum but has since expanded to other blockchains such as Solana, Polygon, and Avalanche, enhancing its speed and usability.

Each USDC token is backed by an equivalent amount of cash or short-term U.S. Treasury securities held in regulated financial institutions, and the reserves are regularly audited by third parties to ensure transparency. This makes USDC popular for trading, remittances, decentralized finance (DeFi), and as a store of value during volatile market conditions.

USDC is known for its stability, regulatory compliance, and interoperability across platforms, making it one of the most trusted and widely used stablecoins in the cryptocurrency ecosystem.