$USDC USD Coin (USDC) is a fully backed stablecoin pegged 1:1 to the U.S. dollar. It was launched by Centre, a consortium co-founded by Circle and Coinbase. USDC runs on multiple blockchains, including Ethereum, Solana, and Polygon, enabling fast and low-cost transactions. Its reserves are held in cash and short-term U.S. government securities, with monthly audits ensuring transparency. USDC is widely used in decentralized finance (DeFi), cross-border payments, and crypto trading, providing a stable and secure digital asset. It offers the benefits of blockchain technology while minimizing price volatility, making it ideal for businesses and individuals seeking digital dollar stability.