Universal time (UTC) is the same as Greenwich Mean Time (GMT), give or take a second. It’s essentially the time in Greenwich, England except it ignores Daylight Savings Time.
The abbreviation UTC is an odd compromise. The French wanted to use the abbreviation TUC (temps universel coordonné) and the English wanted to use CUT (coordinated universal time). The compromise was UTC, which doesn’t actually abbreviate anything.
via Universal time — The Endeavour.