$USDC USDC. Transparency and Reserves:

1:1 Backing: USDC is fully backed by US dollars and short-term US Treasury bonds. This ensures that every USDC in circulation is backed by a real asset equivalent to its value.

Regular Audits: Unlike some other stablecoins (such as USDT which has faced criticism regarding the transparency of its reserves), USDC reserves are subject to regular and publicly announced audits by independent auditing firms. These audits increase investor and institutional confidence in USDC.

High Transparency: Circle is committed to full transparency regarding USDC reserves and publishes periodic reports detailing the assets that back the currency.