$USDC **USDC** is a **stablecoin** pegged 1:1 to the US dollar, launched in 2018 by **Circle** and **Coinbase** through the Centre Consortium. It operates on multiple blockchains, including Ethereum, Solana, and Algorand, ensuring fast, low-cost transactions. As a **fully reserved** stablecoin, each USDC is backed by cash and short-duration US Treasuries, regularly audited for transparency. It’s widely used for trading, remittances, DeFi, and as a dollar hedge in crypto markets. Unlike algorithmic stablecoins, USDC maintains stability through **asset backing**, making it a trusted choice for institutions and individuals. Regulatory compliance and reliability have solidified its position as a leading stablecoin.