USD Coin (USDC) is a fully reserved digital dollar issued by Circle. Each USDC is backed 1:1 by cash and short-term US Treasuries, with monthly attestations.
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USDC is a stablecoin: a cryptocurrency engineered to always be worth one US dollar. It is issued by Circle, a US-regulated financial technology firm, and backed entirely by cash and short-dated US Treasury holdings held at regulated financial institutions, with reserves attested monthly by a Big Four accounting firm.
Because its value doesn't swing like Bitcoin or Ethereum, USDC is the workhorse of crypto: traders park profits in it, businesses settle invoices with it, and people in high-inflation countries use it to hold dollars digitally. It moves 24/7 across major blockchains, including Ethereum, Solana, and Base.
USDC's regulatory standing strengthened in 2025 when the US GENIUS Act created a federal framework for payment stablecoins, and Circle became a publicly listed company. USDC is also one of the few stablecoins compliant with the EU's MiCA regime, keeping it available on regulated European exchanges.
For buyers, USDC is often the cheapest first step into crypto; many exchanges sell it with zero fees via bank transfer, and it converts instantly into other assets.
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USDC is backed 1:1 by cash and short-term US Treasuries with monthly public attestations, and Circle is regulated in the US and compliant with the EU's MiCA rules. No stablecoin is entirely risk-free, but USDC is considered among the safest.
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