$USDC is a "stablecoin" designed to be worth 1 US dollar (USD), acting as the "digital dollar" in the crypto ecosystem. Its backing is verified through audits, managed by Centre Consortium (Circle and Coinbase).
It is vital as a bridge between fiat money and cryptocurrencies, allowing for fast transactions and serving as a refuge from volatility. It is widely used for international payments and as a base in Decentralized Finance (DeFi).
By June 2025, USDC remains one of the largest and most reliable stablecoins, expanded to multiple blockchains, consolidating its position due to its transparency and verified backing. It is key for the stability and liquidity of the crypto market.
