$USDC USDC was born as the stablecoin that wanted to compete head-to-head with USDT but with more transparency and regulation

Launched by Circle in 2018 with 1:1 dollar backing, it promised to be 'the reliable digital dollar'

For a time, it was the favorite in the DeFi world and dominated during the 2021 boom

But after the collapse of Silicon Valley Bank in 2023, where Circle had reserves, USDC lost its peg and that cost it trust

Meanwhile, USDT maintained its position as the king in global volume

Today, USDC seeks to regain ground with new partnerships, more audits, and a strong presence in the Ethereum ecosystem and beyond

Although it does not lead in volume, it remains key due to its regulatory focus and institutional adoption

It may not have the hype it once had

but in a world that demands more rules and less smoke

USDC remains part of the big game in crypto and DeFi