USDC, or USD Con is the second largest stablecoin by market capitalization. USDC was first announced by Circle on May 15, 2018 and launched in September 2018. According to the official report, the underlying assets supporting USDC issuance are composed of highly liquid short-term treasury bonds and cash.
USDC has seen significant adoption across a variety of platforms, including decentralized finance (DeFi) protocols, centralized exchanges, and blockchain networks. It is supported by major blockchains, such as Ethereum, Solana, and Avalanche, enabling seamless cross-chain transactions and providing liquidity in diverse ecosystems. USDC has rapidly grown into a key asset for institutional and retail investors alike, facilitating easy on-ramps for fiat-to-crypto conversions and serving as a stable alternative to volatile cryptocurrencies. The growing acceptance of USDC by various financial and technological players underscores its widespread utility in the evolving digital financial landscape.
Above are only for introduction, not intended as investment advice.
