USD Coin (USDC) is a digital stablecoin pegged to the United States Dollar. Created by the Centre consortium, USDC allows for cheaper, faster and more secure transactions than traditional payment systems, while reducing the volatility associated with crypto assets like Bitcoin.
A powerful new way of storing and moving money, USDC offers the best of both worlds. It can be traded as easily as other cryptocurrencies on global, public blockchains and at the same time is linked to the price of the US dollar so it is always redeemable 1:1 for U.S. Dollars.
An open standard, USDC has rapidly grown to become the largest stablecoin ecosystem in the world. Hundreds of companies, products and services support the USDC standard, including digital wallets, exchanges, DeFi protocols, savings, lending and payment services.
USDC has rapidly grown to become the world’s leading regulated stablecoin, and the trust the market has placed in it can be traced directly to the way in which it was created and how it operates today. USDC was developed to be an open-source project that works within US money transmission laws and regulations, uses established banks and auditors, and runs on blockchain technology via smart contracts. The goal is true financial and operational transparency.