USDC
Plain definition. USDC is a stablecoin pegged to the U.S. dollar one-for-one, with each coin in circulation backed by $1 held in reserve.
Technical definition. CoinMarketCap’s USDC page defines it as a stablecoin pegged to the U.S. dollar on a 1:1 basis, issued by Circle Internet Financial LLC. Every unit in circulation is backed by $1 held in reserve in a mix of cash and short-term U.S. CoinMarketCap’s description of USDC says one of its aims is to give users the assurance that they will be able to withdraw 1 USDC and receive $1 in return without any issues. New coins are created in line with demand whenever someone buys one with dollars.
On this site
On this site, USDC comes up in Do banks actually need XRP, or just Ripple’s software?, Could direct stablecoin pairs make XRP unnecessary on its own ledger?, How is an XRP bridge different from using a stablecoin like USDC?, Can USDC and Circle do cross-border payments without XRP? and How do Ripple/XRP, Stellar, Circle, JPMorgan, Swift, Ethereum and Solana compare?.
Source
USDC price today, USDC to USD live price, marketcap and chart | CoinMarketCap Markets Cryptocurrencies Ranking Categorie (coinmarketcap.com), read October 1, 2026.
Pages that cover USDC
- Is Stellar (XLM) a real competitor to XRP?
- Can USDC and Circle do cross-border payments without XRP?
- How is an XRP bridge different from using a stablecoin like USDC?
- How do Ripple/XRP, Stellar, Circle, JPMorgan, Swift, Ethereum and Solana compare?
- Do banks actually need XRP, or just Ripple's software?
- Could direct stablecoin pairs make XRP unnecessary on its own ledger?