USD Coin (USDC) is a fully collateralized US Dollar stablecoin based on the open source fiat stablecoin framework developed by Centre, a consortium founded by Circle and Coinbase. USDC tokens are ERC-20 compatible and can be used with any ERC-20 compatible digital wallet or service.
Customers from around the world can tokenize US Dollars into USDC and / or redeem USDC back into US Dollars with Circle (https://usdc.circle.com) and Coinbase (https://www.coinbase.com).
USDC is fully collateralized - every unit of USDC is only ever issued after a corresponding US Dollar is deposited in reserve bank accounts. Reserve funds are held with multiple US-based banks. USDC is built on openness and accountability, enshrined in the governance and technology standards effort of Centre.