USDC is a fiat-backed stablecoin originally created by the Centre Consortium, a partnership between fintech firm Circle and cryptocurrency exchange Coinbase. USDC is designed to maintain a stable value, with 1 USDC being backed with 1 US dollar on the bank of the issuer. Its primary strength lies in its transparency and regulatory compliance.
USDC's technology enables it to function as a "digital dollar," leveraging the speed and security of blockchain for global transactions. It is available on multiple blockchains, including Ethereum. This multi-chain presence allows users to move funds quickly and at low cost, bypassing traditional banking hours and international transfer fees.
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Learn more about USDC in this
White Paper.
USDC is a MiCA-compliant Electronic Money Token issued by Circle Internet Financial Europe SAS.
Circle Internet Financial Europe SAS is a licensed Electronic Money Institution under n°737158 and a registered Digital Assets Services Provider in France under n°E2024-111.
The issued USDC tokens are 100% backed by cash and cash-equivalent assets, examined and attested monthly by Deloitte.
No government deposit insurance applies.
USDC may de-peg in extreme events; we may suspend trading or withdrawals if necessary; Issuer credit risk rests with Circle; Circle performs redemption; Not a deposit or interest-bearing instrument and USDC holdings are not FDIC insured.