USD Coin (USDC)
Stablecoin (US dollar)
USDC is a US-dollar stablecoin issued by Circle since 2018. Each token is backed by cash and short-term US Treasuries and can be redeemed for one dollar through Circle.
Profile last verified 23 September 2026. Live figures from CoinGecko. Not investment advice.
USD Coin price chart
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What is USD Coin?
USDC runs natively on many blockchains, including Ethereum and Solana. Circle publishes monthly reserve reports, and most reserves are held in a fund managed by BlackRock.
In March 2023 USDC briefly fell to about $0.87 after Circle disclosed $3.3 billion of reserves at the failed Silicon Valley Bank; it recovered once US authorities guaranteed that bank’s deposits.
Key facts
| Ticker | USDC |
|---|---|
| Type | Stablecoin (US dollar) |
| Launched | September 2018 |
| Consensus | None of its own: issued on other blockchains (Ethereum, Solana and others) |
| Supply | No cap. Minted when dollars are deposited with Circle and burned on redemption. |
| Official site | www.circle.com/usdc |
What USDC is used for
- Dollar payments and savings in crypto wallets
- Settlement on exchanges and in DeFi
- Cross-border transfers
Main risks
- Issuer and banking risk, as the 2023 de-peg showed
- Circle can freeze tokens at specific addresses
- Yield offered on USDC comes from lending it out, which adds counterparty risk
Related guides
USD Coin: frequently asked questions
- Is USDC safer than USDT?
- USDC publishes more detailed reserve reports and is issued by a US-regulated company, but it still carries issuer and banking risk, as March 2023 showed.
- Who can redeem USDC for dollars?
- Circle redeems directly for verified business customers; most individuals redeem by selling USDC for dollars on an exchange.
- Why did USDC lose its peg in 2023?
- Part of its reserves were deposited at Silicon Valley Bank when it failed. The price recovered after regulators guaranteed the bank’s deposits.