When people examine cryptocurrencies, the very first thing they check is reliability. An area where volatility, hacks, and projects that boom and bust in a matter of months are common, a good track record is what they check in order to feel confident about it. But what on earth is a track record in the case of USDC, and why should people, businesses, and institutions care? To address this, we need to look at the history, stability, transparency, and adoption of USDC in the context of placing it within the larger stablecoin and global financial system.