USDC

USDC (USD Coin) is a stablecoin pegged 1:1 to the US Dollar, issued by Circle in partnership with Coinbase through the Centre Consortium. It's designed to offer transparency, regulatory compliance, and trust in the digital dollar ecosystem.

How It Works

USDC is backed by fully-reserved assets held in regulated financial institutions. Each USDC token represents one US dollar in reserves, with monthly attestations from certified public accountants to verify the backing.

Key Features

• Transparency: Regular attestation reports from major accounting firms
• Multi-Chain: Available on Ethereum, Solana, Polygon, Avalanche, and many other blockchains
• Regulatory Compliance: Operates under U.S. money transmission laws and regulations
• Use Cases: DeFi protocols, payments, treasury management, and cross-border transfers

Why It Matters

USDC is often preferred by institutions and DeFi protocols due to its transparent reserve backing and regulatory compliance. It's widely integrated into the DeFi ecosystem and used as a base layer for programmable finance.