The USDC (USD Coin) is a stable digital currency (Stablecoin) backed by the US dollar, meaning that each unit corresponds to one dollar held in audited bank accounts. It was launched in 2018 by Circle in collaboration with Coinbase, and its issuance is overseen by the Centre organization.
USDC is characterized by transparency and stability, as its reserves are subject to monthly audits by a third party, which enhances user trust. The currency is used in digital trading, for low-cost money transfers, and also in decentralized finance (DeFi) applications.
Unlike volatile cryptocurrencies like Bitcoin, USDC is a safe haven in times of market turmoil, which is why it is preferred by many investors and institutions. It is also compatible with several blockchain networks such as Ethereum and Solana, increasing its flexibility and adoption.
Thanks to support from major companies and its adoption across various digital financial systems, USDC continues to strengthen its position as one of the leading stablecoins in the world.
