Usd Coin price, chart and history
About Usd Coin
USD Coin (USDC) is a stablecoin, a crypto token built to keep a steady value of one US dollar. Together with Tether's USDT it is one of the two dominant stablecoins. People and businesses use it for trading, online and cross-border payments, and as a building block in decentralised finance apps, while payment companies use it to settle transactions. USDC runs on many blockchains, including Ethereum, and is backed by reserves held by its issuer.
USDC was launched in September 2018 by Centre, a consortium formed by the payments firm Circle and the crypto exchange Coinbase. In August 2023 the consortium was dissolved and Circle took full control of the stablecoin. Circle, led by chief executive Jeremy Allaire, listed its shares on the New York Stock Exchange in June 2025 and in 2026 launched Arc, its own blockchain that uses USDC to pay transaction fees.
USDC has no network or miners of its own. Circle creates tokens when customers deposit dollars and destroys them when they redeem, so trust depends on the company and the banks holding its reserves. That risk became real in March 2023, when about 8 percent of reserves were stuck at the failing Silicon Valley Bank and USDC briefly lost its peg. Critics also note that holders depend on one company's decisions and on US regulation.
- Created by
- Circle and Coinbase (via the Centre consortium)
- Launched
- September 2018
- How it's secured
- Issued and redeemed by Circle; runs on other blockchains
- Supply
- No cap; about $73.3 billion at end of June 2026
- Peg
- Aims for 1 USDC = 1 US dollar