USDC - token service that facilitates the use of USD over the internet and public blockchains. Issued by Circle Ltd., it has a more friendly regulatory approach than the alternative stablecoins.
USDC is issued by regulated financial institutions, backed by fully reserved assets, and redeemable on a 1:1 basis for US dollars. Unlike other USD stable coins, USDC is governed by Centre, a membership-based consortium that sets technical, policy and financial standards for stablecoins.
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Global
Transactions
USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.
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Backed
by US dollars
Each USDC is backed by one US dollar, which is held in a bank account.
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Powered
by Ethereum
USD Coin is an Ethereum token, so you can store it in an Ethereum-compatible wallet.
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Stable
Value
For customers with a US dollar bank account, 1 USDC can always be redeemed for US$1.00, giving it a stable price.