USD Coin (USDC) is a static coin pegged to the US dollar. It was made on September 26, 2018, in partnership between Circle and Coinbase. USDC is an alternative to other USD supported cryptocurrencies such as Tether (USDT) or TrueUSD (TUSD).

In short, USD Coin is a service to issue US dollar currency and support their use on the internet and public blockchains. Also, USDC tokens can be converted back to USD at any time. Implementation of the investment and redemption of USDC tokens is provided in the ERC-20 smart contract. Bringing US dollars to the blockchain allows them to move anywhere in the world within minutes and brings much-needed stability to cryptocurrencies. Also, it opens up new opportunities for trading, lending, risk insurance and more.