About USDC
USDC (USD Coin) is a fiat-backed stablecoin pegged to the U.S. dollar, representing tokenized dollars on public blockchains. It is issued by Circle Internet Group and was created through the Centre consortium, which Circle and Coinbase jointly founded in 2018 to govern the project. USDC launched in September 2018 as an ERC-20 token on Ethereum, with exchange listings following in the weeks after. The token does not run on its own blockchain or consensus mechanism. Instead, it is a smart-contract token that relies on the consensus of whatever host chain it runs on, such as Ethereum's proof-of-stake network. The ticker is USDC, and the token is used primarily for on-chain payments, trading, and dollar transfers between bank accounts and blockchain addresses. Each USDC is backed one-to-one by dollar-equivalent reserves held off-chain. New tokens are minted or burned as users deposit or redeem dollars, so the circulating supply fluctuates with demand and has no fixed maximum. It is one of the most widely used stablecoins for moving dollar value across blockchain networks.
USDC Treasury mints 250 million USDC on Solana as October pattern continues
The recurring USDC mints on Solana suggest increased liquidity and potential growth in DeFi activities, impacting market dynamics and trader strategies.
Wallet linked to UXLINK hack sits on $6.54 million in unrealized ETH gains
The UXLINK hack highlights vulnerabilities in DeFi security, emphasizing the need for robust contract logic to prevent significant financial losses.
Circle and ACI Worldwide pilot USDC settlement on Colombia’s Bre-B instant-payments network
The pilot could accelerate stablecoin integration into traditional banking, potentially reshaping financial systems across Latin America.
Stellar holds $3.56B in tokenized assets but only 0.1% is used as DeFi collateral, RedStone finds
Stellar's RWA growth highlights potential for DeFi integration, but current low utilization underscores challenges in asset pricing and liquidity.
AI agents can now buy domains on Atom using x402 payments via Coinbase
AI-driven domain purchases via stablecoins could revolutionize digital commerce, enabling seamless, automated transactions globally.
Circle’s USDC overtakes Tether’s USDT in euro trading as MiCA rules reshape market
MiCA's regulatory framework reshapes the stablecoin market, favoring compliant tokens like USDC, impacting trading dynamics and liquidity.
A sourced map of USDC's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on USDC and the wider market, hosted by our team, will appear here once episodes are live.