What is USDC (USD Coin)?
USDC is a stablecoin of the US dollar. It is powered by Ethereum and was jointly created by Circle and Coinbase. It is an alternative to other USD-backed cryptocurrencies like Tether (USDT) or TrueUSD (TUSD). USD Coin (USDC) is a 1:1 representation of one US dollar on the Ethereum blockchain. It’s an ERC-20 token and can be used with every app which supports the standard.