$USDC

USD Coin (USDC) is a stable cryptocurrency pegged 1:1 to the US dollar. For each USDC on supported blockchains, the company holds cash or cash-equivalent assets equal to 1 US dollar in its accounts. USDC is issued by Centre, an organization based in the US that regularly audits its reserves.

What is USD Coin (USDC)?

USD Coin (USDC) is a stable cryptocurrency pegged 1:1 to the US dollar. For each USDC on supported blockchains, the company holds cash or cash-equivalent assets equal to 1 US dollar in its accounts. USDC is issued by Centre, an organization based in the US that regularly audits its reserves.

USD Coin (USDC) Project

USDC is a stable cryptocurrency indexed 1:1 to the US dollar and subject to independent auditing. As more goods and services in the cryptocurrency world are tokenized, smart contract platforms are becoming the fundamental building blocks of value exchange. In this sense, USDC, as an open-source and transparent stable cryptocurrency, allows fiat currencies to interact with smart contracts, providing developers a convenient way to use real-world currencies in blockchain applications. The USDC stable cryptocurrency is issued by the Centre organization, which holds full reserves of fiat currency at a 1:1 ratio and is regularly audited independently. Issuers are required to report their USD reserve assets regularly, and Grant Thornton LLP publishes reports on these assets every month.