USD Coin (USDC) is a fully collateralized stablecoin pegged 1:1 to the US dollar, jointly governed by Centre, a consortium co-founded by Circle and Coinbase. As a regulated and transparent stablecoin, USDC aims to provide a reliable and stable digital currency for use in various applications, including trading, lending, and payments within the cryptocurrency ecosystem. Its reserves are held in regulated financial institutions and are subject to regular audits, ensuring its peg to the US dollar.
What is USD Coin (USDC)?
Discover the key facts about USD Coin (USDC).
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Looking for more resources?
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
