$USDC What makes USD Coin unique?

In terms of functionality, U.S. dollar stablecoins essentially all offer the same thing. They aim to maintain a value of $1, and they work like any other digital currency so they can be transferred between crypto wallet addresses.

The most important factors for a stablecoin are transparency and trustworthiness -- areas where USD Coin does a better job than most of its competitors.

Centre, the consortium that manages the USD Coin crypto, releases monthly reports issued by Grant Thornton, LLP, one of the top accounting firms in the country. Its reports provide the number of USDC in circulation and the total value of the reserves backing USD Coin. That's important because it shows there are actual funds in an account for every USDC#ETH