USDC
USD Coin
active
Fiat Backed
USD
Market Cap $78.6B
USD Coin (USDC) is a stablecoin issued by Circle, maintaining a 1:1 peg with the US dollar, widely used with a market cap exceeding $60 billion.
Key Data
| Backing | Fully backed by reserves comprising cash and short-duration U.S. Treasury instruments. |
| Auditor | Deloitte |
| Reserve Reporting | Monthly attestation reports |
| Redemption | Redeemable 1:1 for U.S. dollars. |
| KYC Required | Yes |
| Peg Currency | USD |
| Launched | 2018 |
Supported Networks
Cross-Chain Supply (DefiLlama · $78.7B total)
Monad
$279M
0.4%
Smart Contracts
Ethereum
0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
Use Cases
PaymentsTradingDefi CollateralCorporate Treasury
Overview
USD Coin (USDC) is a stablecoin launched in September 2018 by the Centre Consortium, co-founded by Circle and Coinbase. It is designed to maintain a 1:1 peg with the US dollar.
How It Works
USDC is redeemable 1:1 for U.S. dollars and is supported on over 30 blockchain networks.
Reserve Backing
USDC is fully backed by reserves comprising cash and short-duration U.S. Treasury instruments, held by regulated financial institutions and managed by BlackRock.
Supported Networks
USDC is natively supported on Ethereum, Solana, Polygon, Algorand, Stellar, and more.
Related Coverage
Other USD Stablecoins
Data source: CoinGecko ↗