USD Coin USDC
USD Coin (USDC) is a fiat-backed stablecoin pegged to the US dollar, launched in 2018. Issued by regulated entities, USDC aims to provide transparency and reliability through regular audits and full collateralisation. It is widely used for payments, trading, and integration into blockchain-based financial systems.
Key facts about USD Coin:
Fiat-backed: Collateralised 1:1 by US dollar reserves held by regulated financial institutions.
Audited reserves: Subject to regular third-party audits to ensure backing.
Multi-chain compatibility: Supported on blockchain platforms such as Ethereum and Algorand.
Regulatory compliance: Issued by entities adhering to financial regulations.
Versatility: Commonly used for trading, payments, and decentralised finance applications.