$USDC $USDC, or USD Coin, is a type of cryptocurrency known as a stablecoin, which is backed by the US dollar. It is designed to maintain a stable value, closely mirroring the USD, to provide the digital currency community with a reliable form of exchange. The currency is used across various platforms, allowing users to trade and invest with the certainty of its pegged value. It offers the advantages of cryptocurrency transactions, such as speed and convenience, without the price volatility typically associated with other digital currencies like Bitcoin.