Circle launches USDC, a dollar stablecoin, with Coinbase

Circle/USDC

Circle launched USD Coin (USDC) on 26 September 2018 as a token redeemable 1:1 for US dollars, in partnership with Coinbase under the CENTRE consortium. Over 30 exchanges, wallets, and protocols supported it at launch, targeting trading, lending, and cross-border payments.

• USDC is a 1:1 redeemable dollar token under the CENTRE consortium, co-founded by Circle and Coinbase.
• More than 30 partners supported the launch across exchanges (Poloniex, KuCoin, OKCoin), wallets (Ledger, Trust, Coinbase Wallet), lending (BlockFi, Dharma), and trading protocols.
• Circle positioned USDC as critical infrastructure for stablecoins on-chain, enabling cheap, intermediary-free transfers without bitcoin's price swings.