#usdc $USDC

Here is a concise overview of USD Coin (USDC) in exactly 100 words:

**USD Coin (USDC)** is a regulated stablecoin issued by Circle, pegged 1:1 to the US dollar. Each token is backed 100% by highly liquid cash and cash-equivalent assets like short-term U.S. Treasuries, with reserves held at institutions like BNY Mellon and managed by BlackRock . Launched in 2018, USDC enables near-instant, low-cost global payments and operates on 15+ blockchains including Ethereum, Solana, and Polygon .

Its transparency includes monthly attestations by Deloitte and compliance with frameworks like MiCA in Europe . USDC surged 78% YoY in 2024, processing $1 trillion monthly transactions, and is widely used for remittances, DeFi, and cross-border commerce . It temporarily lost its peg during the 2023 Silicon Valley Bank crisis but swiftly recovered .