#USDC (USD Coin) – The Essential Breakdown
🔹 What Is USDC?
USDC (USD Coin) is a regulated, fully-backed stablecoin pegged 1:1 to the U.S. dollar. It was launched in 2018 by Circle in partnership with Coinbase under the Centre Consortium.
🔹 Key Features of USDC
FeatureDetailsPeg1 USDC = 1 USDBacking100% backed by cash & U.S. Treasury assetsBlockchain SupportEthereum (ERC-20), Solana, Avalanche, Polygon, Arbitrum, Base, and moreTransparencyRegular audits by Grant Thornton LLP (now Deloitte)Use CasesPayments, trading, DeFi, remittances, settlements
🔹 Why Use USDC?
✅ **Price Stability