#PowellRemarks USD Coin (USDC) is a type of cryptocurrency known as a stablecoin, designed to maintain a 1:1 value with the U.S. dollar. It was launched in 2018 by Circle and Coinbase through the Centre Consortium. USDC is backed by fully reserved assets like cash and short-term U.S. government securities, making it a popular choice for traders and businesses seeking stability in the crypto market. It runs on several blockchain networks, including Ethereum, Solana, and Avalanche, allowing for fast and low-cost transfers. USDC is widely used in decentralized finance (DeFi), cross-border payments, and digital commerce. Regular audits and transparency reports help build trust in its reserves, aiming to ensure its value remains stable and reliable over time.