USDC (USD Coin) is a stablecoin that is managed and issued by the CENTRE Consortium, a collaboration between Coinbase and Circle. The management of USDC involves maintaining a 1:1 peg with the US dollar, ensuring transparency through regular audits, and compliance with regulations. The reserves backing USDC are held in segregated accounts and are regularly audited to verify that each USDC token is fully backed by an equivalent amount of US dollars.
