USD Coin (USDC) is a fiat-backed stablecoin pegged 1:1 to the US dollar. Operating on the Ethereum blockchain, it is designed to enable fast and low-cost transactions.
Thanks to its stability and interoperability with other blockchain-based assets, it has gained widespread adoption on cryptocurrency exchanges and wallets. It has also been integrated into a variety of mainstream financial applications.
The stablecoin is run by Centre Consortium, which operates transparently and discloses precise data on its assets and liabilities.