$USDC USDC is a stablecoin pegged to the US dollar on a 1:1 basis, meaning that each unit can be exchanged for 1 dollar. Fully backed by cash equivalents and liquidity, USDC primarily functions as a digital dollar. USDC was launched in September 2018 and was designed to provide reliable and stable assets during periods of volatility, which characterize cryptocurrency markets. It operates as an ERC-20 token, and starting in 2024, the currency is managed by Circle, a peer-to-peer payment services company.