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USD coin is a stablecoin pegged on the US dollar. A stablecoin is a cryptocurrency that is matched 1:1 on a traditional currency. The managers of the USD coin are a consortum called Centre which includes members from the digital cryptocurrency exchange. The Centre Consortium was created in 2018 by Circle to manage the USDC. The coin was launched in 26th September 2018 with 127 million USD coins in circulation. USDC has partnerships with Visa and MasterCard and Twitter has announced plans to use USDC as a payment option for content creators.