$USDC $USDC USDC โ Here's a quick overview:
๐ต *USD Coin (USDC)*
- *Type*: Fiat-backed stablecoin
- *Value*: Pegged 1:1 to the U.S. dollar
- *Issuer*: *Circle*, in partnership with *Coinbase* via Centre Consortium
๐งพ *Reserves Transparency*
- Fully backed by cash and short-term U.S. Treasuries
- Monthly attestations provided by regulated accounting firms
- Circle is pushing for regulation under pending *U.S. stablecoin bills* (like the GENIUS Act)