$USDC USD Coin (USDC) is a digital stablecoin pegged 1:1 to the U.S. dollar, designed to combine the stability of fiat currency with the technological advantages of blockchain. Issued by Circle, a U.S.-based fintech company, USDC operates across multiple blockchain platforms, including Ethereum, Solana, and Polygon. Each USDC token is backed by an equivalent amount of U.S. dollars or short-term U.S. Treasury bonds held in regulated financial institutions, ensuring its value remains stable .

As of June 7, 2025, USDC maintains a market capitalization of approximately $61.1 billion, with a circulating supply of over 61 billion tokens . The token is widely used for various applications, including international remittances, decentralized finance (DeFi), and as a trading pair on cryptocurrency exchanges.

In a significant development, Circle, the issuer of USDC, went public on the New York Stock Exchange under the ticker symbol CRCL. The company's initial public offering (IPO) was highly successful, with shares surging 168% on the first day of trading, closing at $83.23. This strong market performance reflects growing investor confidence in the stability and utility of USDC within the evolving digital asset landscape .

USDC's commitment to transparency is evident through regular third-party attestations of its reserves and compliance with regulatory standards. This approach has positioned USDC as a reliable digital dollar, facilitating seamless value exchange in the global financial ecosystem .