$USDC

Who Created USDC?

Launched in 2018 by Circle in partnership with Coinbase, under the Centre Consortium.

Regulated and backed by fully reserved assets (cash and short-term U.S. Treasury bonds).

As of 2024+, Circle solely manages USDC (Coinbase stepped back from co-management).

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🧾 How is USDC Backed?

USDC is backed 100% by:

🏦 Cash

📄 U.S. Treasury securities

This means every USDC in circulation is supposed to be matched by $1 in reserve. Circle publishes monthly audits to prove this.

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🌐 Where is USDC Used?

USDC runs on multiple blockchains, including:

Blockchain Token Standard

Ethereum ERC-20

Solana SPL

Polygon ERC-20 (L2)

Avalanche ARC-20

Base, Arbitrum, Optimism L2 ERC-20

Others Supported too

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⚙️ What Can You Do with USDC?

Use Case Description

Stable trading Hedge against volatility on CEXs/DEXs

DeFi participation Lend/borrow, earn interest, or provide liquidity

Cross-border payments Send USD instantly across borders with low fees

NFT purchases Buy NFTs using USDC on some marketplaces

Savings & Staking Earn yield through DeFi or CeFi platforms