What is USD Coin (USDC), fiat-backed stablecoin? — adidaswilson

Author Adidas Wilson
3 min readFeb 28, 2023

USD Coin (USDC) is a fiat-backed stablecoin that was launched in 2018 by the Centre Consortium, a joint venture between Circle and Coinbase. The USDC is a digital asset that aims to provide users with the stability of the US dollar while taking advantage of the speed, transparency, and security of blockchain technology.

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Author Adidas Wilson

Adidas Wilson was born in Chicago, surviving a near death experience driving off a bridge in an 18 wheeler and getting hit by a train. Author and Motivator