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USD Coin (or USDC) is a US dollar stablecoin, that is, a cryptocurrency designed to match the value of USD. It was created to function as a stable and reliable representation of the US dollar in the digital world.

USDC was developed by the Centre consortium and launched in 2018. It is issued and maintained by a network of Centre’s regulated partners, who peg its value to USD by keeping an equivalent amount of USD in their reserves.

USD COIN (USDC) ESSENTIALS

  • A stablecoin pegged to the US dollar with a 1:1 exchange rate.
  • Intended for easy use over the internet and public blockchains. …

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