USDC is a stablecoin, meaning it is a cryptocurrency whose value is pegged to the US dollar. This means that USDC is backed by one dollar in reserves, providing stability and trust to its holders and operators.

USDT (Tether) and USDC (USD Coin) are stablecoins, but they differ in their issuance and regulation. USDT has been criticised for its lack of transparency regarding its reserves, while USDC is issued by Circle and undergoes regular audits, offering greater confidence in its backing. In fact, in Europe, USDC has been the first dollar-pegged stablecoin to operate under a MiCA licence, making it a regulated asset endorsed by European regulators.

USDC is issued by Circle, a financial technology company based in the United States. Circle collaborates with Coinbase to manage the creation and backing of USDC. The company focuses on providing transparency and trust in the use of this stablecoin within the cryptocurrency ecosystem.