What is USDC?
USDC is a type of cryptocurrency known as a stablecoin backed by fiat, which means it is backed by reserve assets from the traditional financial system, such as cash, cash equivalents, or securities. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars.
61.12 billion €
Circulating supply
9743.92 million €
24-hour trading volume
190+
Number of countries that support it
USDC has a stable value in times of volatility.
USDC is designed to be pegged to the US dollar and redeemable at a 1:1 ratio.
USDC is fully backed by reserve assets.
Each USDC is backed by one dollar or an equivalent target-priced asset held in accounts of regulated US financial institutions.
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