$USDC USDC (USD Coin) is a prominent stablecoin, a type of cryptocurrency designed to maintain a stable value, typically pegged 1:1 with the US dollar. Issued by Circle and governed by the Centre consortium, USDC aims to bridge traditional finance with the decentralized world of blockchain.

Each USDC token is backed by reserves of highly liquid cash and cash equivalents, held in regulated U.S. financial institutions. This transparent backing, often attested to by independent accounting firms, is a key feature that distinguishes it. USDC facilitates fast, low-cost global transactions and is widely used across decentralized finance (DeFi) platforms for trading, lending, and payments, offering a stable digital dollar alternative in the volatile crypto market.