$USDC Circle is an official Money Transmitter, which makes the company an open financial book. Money transmitters are money service companies in the US that must comply with federal laws and regulations.

Before issuing USDC, the equivalent amount of USD is secured with one of Circle's accredited partners. Consequently, all USDC tokens are regulated, transparent, and verifiable. Additionally, Circle is also known as a cryptocurrency startup backed by Goldman Sachs.