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USD Coin (USDC) is an ERC-20 Stablecoin. It was launched in 2018 and was created by Circle.

USDC exists on Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow and Hedera with more native integrations planned. [1]

Bridged USDC exists on Polygon, Fantom, NEAR, Arbitrum, the Cosmos Ecosystem, and many more emerging blockchains.

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 aims to be 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.


  • Always redeemable 1:1 for U.S. dollars through Circle.
  • Global onboarding and offboarding at thousands of MoneyGram locations worldwide through a partnership with MoneyGram and Stellar. [2]
  • Native cross chain bridging through burning and minting is coming in early 2023. [3]

How can businesses 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. USDC is also available for trading on most CEXes and DEXes.

Transparency & Compliance

USDC is fully backed U.S. dollar denominated assets kept in custody by U.S. financial institutions, so that it is always redeemable 1:1 for U.S. dollars. Each month, Circle publishes attestation reports by Grant Thornton regarding the reserve balances backing USDC. [4]