$USDC

USDC (USD Coin) is a stablecoin — a type of cryptocurrency that is pegged 1:1 to the US dollar.

• 1 USDC = 1 USD (in theory and usually in practice)

• It’s designed to be stable, unlike Bitcoin or Ethereum, which can be highly volatile.

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🏢 Who Created USDC?

• Launched in 2018 by Circle, in partnership with Coinbase.

• Managed by the Centre Consortium, originally formed by Circle and Coinbase.

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🛡️ How Is USDC Backed?

USDC is fully backed by cash and short-term U.S. government bonds.

For every USDC in circulation, there is supposed to be $1 held in reserve.

Circle regularly publishes audits and attestations from independent firms.

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🌐 Where Can You Use USDC?

• Trading on major exchanges (Coinbase, Binance, Kraken, etc.)

• Payments in DeFi apps (like Aave, Uniswap, Curve)

• Remittances, savings, and transfers across borders

• E-commerce, including some platforms accepting USDC for goods/services#usdt