USD Coin

USDC Launched 2018 source

What this page is: neutral, sourced facts about USD Coin. Every line links where it was checked. 9 facts, 5 from primary sources. Educational, not financial advice.

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Launch

Launched in 2018. secondary source source

Founders and creators

Issued by Circle; originally launched by the Centre consortium (Circle and Coinbase). secondary source source

Origin story

Circle Internet Group announced USDC on May 15, 2018, and it was launched in September of the same year by Centre. secondary source source

Stated purpose

A dollar stablecoin redeemable 1:1 for US dollars. primary source source

Consensus mechanism

As of November 2026, Circle states that USDC is natively issued on 38 blockchains. primary source source

Supply model

Businesses with a Circle Mint account deposit US dollars and Circle issues USDC; redeeming USDC is known as "burning" as it takes USDC out of circulation. primary source source

Main uses today

On March 29, 2021, Visa announced it had become the first major payments network to settle transactions in USD Coin (USDC). primary source source

Key milestones

Circle upsized initial public offering at $31 per share, ticker CRCL (June 2025). primary source source

Notable events and controversies

On March 11, 2023, USDC temporarily lost its peg to the US dollar after Circle revealed that $3.3 billion, about 8% of its reserves, were jeopardized due to the collapse of Silicon Valley Bank. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.