A fully regulated and transparent stablecoin backed 1:1 by US dollars.
USD Coin (USDC) is a digital dollar developed by Circle and Coinbase to provide stability and trust within the crypto economy.
Each USDC token is backed by a real US dollar or equivalent held in reserve.
It is widely used across decentralized finance (DeFi), trading platforms, and payment systems as a reliable store of value and medium of exchange.
Below is live market data fetched directly from the CoinGecko API.
USD Coin (USDC) Live Data
Live data temporarily unavailable.
Project Overview
Launched in 2018 by Circle and Coinbase, USD Coin is designed to bring transparency and stability to the crypto space. All reserves are held in regulated financial institutions and are subject to regular audits.
USDC offers fast, low-cost transactions and can be used on multiple blockchains including Ethereum, Solana, Polygon, and Avalanche.
Its open-source framework and regulatory compliance make it a preferred choice for institutional and individual users alike.
Key Insights
USDC is one of the most trusted stablecoins thanks to its transparency and regular third-party attestations. It's widely used in DeFi, payment gateways, and crypto exchanges for dollar-pegged liquidity.
The stablecoin's strong compliance with US financial regulations gives it an edge for institutional adoption.
Circle continues to expand the use of USDC globally, integrating it into major financial systems and Web3 applications.
Common Questions About USDC
1. What is USD Coin (USDC)?
USDC is a fully backed stablecoin pegged to the US dollar and managed by Circle and Coinbase.
2. How is USDC different from Tether?
USDC provides higher transparency and regulatory compliance with regular audits of its reserves.
3. Where is USDC used?
It's used in DeFi, trading, payments, and on exchanges as a stable medium for transactions.
4. Is USDC really backed 1:1?
Yes. Circle publishes monthly attestation reports confirming full backing by cash and short-term US treasuries.
5. On which blockchains does USDC exist?
It's available on Ethereum, Solana, Polygon, Avalanche, and several others.
Market Context
USD Coin plays a key role in stabilizing the crypto economy, serving as a bridge between traditional finance and blockchain ecosystems. Its transparency and regulation make it a trusted alternative to other stablecoins like Tether (USDT).
As the demand for compliant digital dollars grows, USDC continues to expand globally across financial institutions and payment providers.