#CryptoStocks

### **What is USDC?**

USDC (USD Coin) is a regulated, fully reserved stablecoin pegged 1:1 to the U.S. dollar. Launched in 2018 by **Circle** and **Coinbase** through the Centre Consortium, USDC operates on multiple blockchains, including Ethereum, Solana, and Avalanche, enabling fast, low-cost transactions.

Unlike volatile cryptocurrencies, USDC maintains stability by holding cash and short-term U.S. Treasuries as reserves, regularly audited for transparency. It is widely used for trading, remittances, DeFi (decentralized finance), and as a dollar alternative in crypto markets.

USDC’s compliance with financial regulations makes it a trusted stablecoin, but it faced a brief crisis in 2023 when its reserves were affected by the Silicon Valley Bank collapse, causing a temporary depeg. However, it quickly regained its $1 value.

As a key player in crypto payments and Web3 finance, USDC bridges traditional banking and blockchain, offering security, liquidity, and global accessibility. Its growth reflects the rising demand for reliable digital dollars in the evolving financial system.