# USDC

**Source:** https://www.startuphub.ai/startups/usdc
**Profile type:** Startup

> A stablecoin pegged to the US dollar, designed for digital finance and payments.

## About

USD Coin (USDC) is a stablecoin issued by Circle and Coinbase, designed to maintain a 1:1 peg with the US dollar. It aims to provide the stability of the US dollar within the digital asset ecosystem, facilitating payments, trading, and other financial applications. USDC is backed by reserves of US dollars held in regulated financial institutions.

## Key facts

- **Slug:** usdc
- **Website:** https://www.circle.com/en/usdc
- **Location:** Boston, United States
- **Founded:** 2018-09-15
- **Employees:** 1498
- **Operating status:** Active
- **Sectors / tags:** Fintech, Web3, Blockchain, DeFi, Digital Payments, Stablecoin, Cryptocurrency Infrastructure
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/circle-internet-financial
  - Twitter: https://twitter.com/circle

## Frequently asked

### What does USDC do?

USD Coin (USDC) is a stablecoin issued by Circle and Coinbase, designed to maintain a 1:1 peg with the US dollar. It aims to provide the stability of the US dollar within the digital asset ecosystem, facilitating payments, trading, and other financial applications. USDC is backed by reserves of US dollars held in regulated financial institutions.

### What is USDC's revenue?

StartupHub estimates USDC's annual revenue at $146.5M (range $133.2M to $277.8M, 65% confidence), based on comparable companies in the sector.

### Where is USDC headquartered?

USDC is headquartered in Boston, United States.

### When was USDC founded?

USDC was founded in 2018.

### What industry does USDC operate in?

USDC operates in Fintech, Web3, Blockchain, DeFi, Digital Payments, Stablecoin.

### How many employees does USDC have?

USDC has approximately 1498 people on record.

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