USD Coin (USDC) is a fiat-backed stablecoin issued by Circle, a US-regulated financial technology firm, with reserves held in cash and short-duration US Treasuries at regulated custodians. It is one of the most widely used dollar tokens across centralized exchanges, on-chain DeFi rails, and cross-border settlement flows, with native deployments on Ethereum, Solana, Base, and several other chains. For peg confidence, depeg chatter, and risk monitoring, see the full risk profile.
Research only — not financial advice, not a solvency rating.