#usdc USD Coin (USDC)

USD Coin (USDC) is a stablecoin, a type of cryptocurrency designed to maintain a stable value, pegged 1:1 to the US Dollar (USD). This means 1 USDC is always intended to be worth $1 USD.

USDC is issued by the Centre Consortium, a partnership between Circle and Coinbase. Its value is fully backed by highly liquid reserves, including cash and short-duration US Treasuries, held in regulated US financial institutions. These reserves are regularly attested to by independent accounting firms, ensuring transparency.

Running on various blockchains like Ethereum and Solana, USDC facilitates fast, low-cost global transactions. It's widely used in cryptocurrency markets to avoid volatility, as well as in Decentralized Finance (DeFi) for lending, borrowing, and other financial activities. USDC offers a reliable digital alternative for those seeking the stability of the US Dollar in the crypto space.