$USDC USDC is a stablecoin pegged to the US dollar at a 1:1 ratio, meaning each USDC can be redeemed for one U.S. dollar. Backed entirely by highly liquid cash and cash-equivalent reserves, it functions as a digital dollar designed for stability and reliability—especially during periods of high market volatility, which are common in the crypto space.

Launched in September 2018, USDC runs on the Ethereum blockchain as an ERC-20 token. As of 2024, it is managed by Circle, a peer-to-peer payments company focused on building infrastructure for digital finance.