USD Coin (USDC) is a stablecoin designed to maintain a 1:1 peg with the U.S. dollar, offering stability in the volatile cryptocurrency market. It is fully collateralized by U.S. dollar-denominated assets, such as cash and short-term U.S. Treasury bonds, held in regulated U.S. financial institutions. USDC is issued on the blockchain, facilitating fast, low-cost, and global digital transactions, and is jointly managed by the Centre Consortium (co-founded by Circle and Coinbase).