USD Coin (USDC) is a fiat-backed stablecoin issued by Circle, holding a 1:1 peg with the US dollar and widely used across payments, trading, and DeFi.
Key Data
| Backing | Fully backed by reserves comprising cash and short-duration U.S. Treasury instruments. |
| Auditor | Deloitte & Touche |
| Reserve Reporting | Weekly reserve holdings disclosures plus monthly third-party assurance reports (Deloitte & Touche). |
| Redemption | Redeemable 1:1 for U.S. dollars. |
| KYC Required | Yes |
| Peg Currency | USD |
| Launched | 2018 |
Supported Networks
Cross-Chain Supply ($74.0B total)
Smart Contracts
0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
Use Cases
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.
USDC is redeemable 1:1 for U.S. dollars and is supported on over 30 blockchain networks.
USDC is fully backed by reserves comprising cash and short-duration U.S. Treasury instruments, held by regulated financial institutions and managed by BlackRock.
Recent Activity
- 2026-08-25IssuanceBernstein sees new USDC growth cycle, sets $140 Circle price target
- 2026-07-27AdoptionUSDC issuer Circle to acquire nearly 1,000 IBM blockchain patents
- 2026-07-24AdoptionCoinbase lets businesses accept USDC payments from AI agents
- 2026-07-10RegulationUSDC issuer Circle wins final approval for US national trust bank charter
- 2026-07-07AdoptionUSDT wins payments, USDC wins DeFi as stablecoins diverge: Dune
- 2026-07-01AdoptionCircle CEO touts USDC's network advantage as OUSD emerges
- 2026-05-27AdoptionPrediction markets enter the derivatives era: XBIT DEX opens whitelist for prediction leverage, launching a 35,000 USDC campaign
- 2026-05-16AdoptionSolayer launches Visa-compatible card for USDC payments
- 2026-04-24MacroBitcoin enters disbelief phase as USDC exchange reserves push above $7.5B
- 2026-04-21AdoptionNium taps Coinbase to add USDC into global payments network
- 2026-04-07AdoptionPolymarket drops USDC.e for USDC-backed token in exchange overhaul
- 2026-04-03IssuanceStablecoin supply reaches $315B in Q1 as USDC rises, USDT declines
- 2026-03-25AdoptionCircle taps African fintech Sasai to expand USDC adoption in cross-border payments
- 2026-03-14AdoptionCircle‘s USDC overtook Tether‘s USDT in adjusted YTD volume: Mizuho
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.