USDC
USD Coin (USDC) is an ERC-20 Stablecoin. It was launched in 2018 and was created by Circle.
USDC also exists on multiple blockchains like Solana, Tron, Avalanche, Algorand, Hedera, etc.
What is USDC
USD Coin (USDC) is a fully-reserved stablecoin running on many of the world’s leading blockchains and is always redeemable 1:1 for U.S. dollars.
USDC's price is pegged to $1 USD. Its peg mechanism uses a simple 100% collateralization approach. This means that for every 1 USDC in circulation there is $1 USD held in reserve.
Features
WIDELY USED
- For businesses and individuals
OPEN SOURCE
- Build the future of finance
FULLY RESERVED
- Always redeemable 1:1 for U.S. dollars
How businesses can access USDC?
The fastest, easiest way for businesses to access and use USDC is through a free Circle Account and via a leading suite of Payments, Payouts and Accounts APIs.
Transparency & Compliance
USDC is fully backed by cash and short-dated U.S. government obligations, so that it is always redeemable 1:1 for U.S. dollars. Each month, we publish attestation reports by Grant Thornton regarding the reserve balances backing USDC. Circle is a licensed money transmitter in 46 U.S. states, plus Washington, D.C. and Puerto Rico.