
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.
![[object Object]](/static/ccad850870128e39c1d9e981a2ebe55c/8c3e4/union-icon.png)
Global
Transactions
USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.
![[object Object]](/static/9c87b3a65535ce1ee21c952c03651d7a/8c3e4/vector-icon.png)
Backed
by US dollars
Each USDC is backed by one US dollar, which is held in a bank account.
![[object Object]](/static/cd807e26d6e83afec27e72c711994348/8c3e4/btc-icon-1.png)
Powered
by Ethereum
USD Coin is an Ethereum token, so you can store it in an Ethereum-compatible wallet.
![[object Object]](/static/85cf590175b6f30bb1fbed55ae0eb272/8c3e4/lock-icon.png)
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.