USDC
Quick Answer
USDC is a fiat-backed stablecoin issued by Circle, pegged 1:1 to USD and backed by cash and US Treasury securities. Widely used for crypto payment settlement.
Full Definition
USDC (USD Coin) is a fiat-backed stablecoin issued by Circle, pegged 1:1 to the US dollar. Each USDC is backed by cash and short-term US Treasury securities. USDC is available on Ethereum, Polygon, Arbitrum, Solana, Base, and other networks. It is one of the most widely used stablecoins for crypto payment settlement due to regulatory transparency, attestation reports, and deep liquidity.
Related Terms
USDT (Tether)
USDT is the largest stablecoin by market cap, pegged to USD and available on virtually every blockchain. The most traded cryptocurrency by volume globally.
Unbanked
Unbanked refers to 1.4 billion adults without access to traditional banking. Crypto payments provide financial inclusion — a smartphone and internet connection is all that's needed.