What is USD Coin (USDC)?USD Coin (USDC) is a stablecoin, a type of cryptocurrency that is designed to maintain a stable value relative to a traditional currency, in this case, the US dollar. Each USDC is backed by a US dollar held in reserve, which means that its value should always be equivalent to one US dollar. USDC was created by Circle, a cryptocurrency company, and Coinbase, a cryptocurrency exchange. It was launched in September 2018 and has since become one of the most popular stablec...