#CircleIPO A company responsible for currency $USDC

The stablecoin backed 1:1 by the US dollar

USDC (USD Coin) is a regulated stablecoin issued by Circle, pegged 1:1 to the US dollar and backed by cash and cash-equivalent reserves held in separate accounts with regulated financial institutions in the United States.

Key features:

- Transparency: Monthly attestations to verify support reserves, ensuring full backing.

- Multi-chain: Operates on Ethereum, Solana, and other blockchains for fast and low-cost transactions.

- Redemption flexibility: Users can mint (create) or redeem USDC for USD through the Circle platform, with supply adjusted based on demand.