USDC

Launched in 2018, USD Coin (USDC) is a fiat-collateralized stablecoin by the CENTRE consortium, a partnership between Circle and Coinbase created to develop price-stable crypto assets and network protocols. The project was launched from the realization that the industry needed a fiat-collateralized stablecoin with strong governance and transparency, in contrast to previous stablecoins. As described by the whitepaper, USDC exists to serve global payments and crypto exchange use cases as a price stable token.