USDC

USDC Stablecoin. What Is USD Coin and How to Use It

USDC, also known as USD Coin, is a U.S. Dollar-backed stablecoin issued by Circle and Coinbase under the Centre consortium. Pegged 1:1 to the U.S. Dollar, USDC is recognized for its strong compliance, transparency, and integration with the U.S. financial system.

With Oobit, you can use USDC instantly to pay anywhere Visa is accepted worldwide.

What is USDC?

USDC is a fiat-backed stablecoin launched in 2018 by Circle in partnership with Coinbase. Each USDC is backed by U.S. Dollar reserves held in regulated U.S. banks and is fully redeemable 1:1 for USD. Circle publishes monthly attestations from independent auditors, making USDC one of the most transparent stablecoins available.

Why USDC is Important

USDC is important because it brings regulatory trust and compliance to the stablecoin market. It is widely used by institutions, fintechs, and DeFi protocols that require a transparent and regulated digital dollar. USDC also plays a role in U.S. financial policy discussions, being closely aligned with American banks and regulators.

Its integration with Visa, Mastercard, and major fintech apps has made USDC one of the fastest-growing stablecoins for mainstream adoption.

How USDC Works

USDC tokens are minted when U.S. Dollars are deposited with Circle’s banking partners and redeemed when withdrawn. They are available across multiple blockchains including Ethereum, Solana, Avalanche, and others, making USDC highly versatile for payments, DeFi, and cross-border transfers.

Risks of USDC

While USDC is highly trusted, it still faces risks. Its strong ties to U.S. banks and regulators mean it is vulnerable to regulatory shifts or banking disruptions. USDC also suffered a temporary depeg in 2023 when one of its banking partners collapsed, showing its exposure to the traditional financial system. Liquidity is lower than USDT globally, though it remains strong in U.S.-aligned markets.

USDC
USDC in Numbers
Market cap

Over 35 billion USD in 2025

Adoption
Issuer

Circle and Coinbase (Centre consortium)

Regulation
Use cases
Launch year
2018
Peg
1 USDC equals 1 USD
User-experience perfection.
Oobit + $USDt for payments in real-life.
Paolo Adriano
CEO of Tether
Thanks to Oobit anyone can now pay with Bitcoin Cash, Bitcoin, Tether, Ethererum and other Crypto anywhere in the world that accepts Visa or Mastercard, right from their smart phone.
Roger Ver
Bitcoin Jesus
Real-Life Payment Integration:
BNB Chain is teaming up with Oobit to enable everyday purchases, like buying coffee, with stablecoins, making crypto transactions more practical and affordable.
BNB Chain
CEO of Tether
How crypto should be- digital cash, instant and helping the unbanked. Tap and Pay for everyday things in-store with your $VET knowing it has a significantly low carbon footprint.
Sarah Nabaa
VeChain foundation
TON x Oobit Use TON and USDt-TON with 100M+ retailers across the globe!
Just like Apple Pay®, the Oobit app allows you to shop, grab a coffee, then Tap & Pay with $USDt-TON & $TON.
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USDC

 FAQ

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How to Use USDC with Oobit

With Oobit, USDC can be used as a transparent, regulated digital dollar. You can tap and pay in stores wherever Visa is accepted, make online payments through Apple Pay and Google Pay, and cash in or cash out via supported banking rails.

👉 Download Oobit and start spending USDC instantly.

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