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USDC

USD Coin

Total Supply
$0

Overview

USDC is a fully regulated dollar digital stablecoin launched by Circle and Coinbase. 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.

Type

Fiat-backed

Summary

Launched in 2018, USD Coin (USDC) is a fiat-collateralized stablecoin by the CENTRE consortium, a partnership between Circle and Coinbase created to develop price-stable crypto assets and network protocols. The project was launched from the realization that the industry needed a fiat-collateralized stablecoin with strong governance and transparency, in contrast to previous stablecoins.

As described by the whitepaper, USDC exists to serve global payments and crypto exchange use cases as a price stable token. Each month, Circle publishes attestation reports by Grant Thornton regarding the reserve balances backing USDC.

View whitepaper

Attestation Reports

View reports