#USDCstablecoin

USDC is a fiat-backed stablecoin pegged 1:1 to the U.S. dollar, designed for stable value in payments, trading, and DeFi applications.

Issuer: Issued by Circle Internet Financial, a Boston-based fintech company, in partnership with Coinbase through the Centre Consortium (formed 2018).

Launch: September 2018.

Market Position: Second-largest stablecoin by market cap (~$34 billion as of mid-2025), behind Tether (USDT). Total stablecoin market projected to reach $2 trillion by 2030.