#TradersLeague

USDC (USD Coin) is a stablecoin pegged to the US dollar, meaning 1 USDC is intended to always be worth approximately $1 USD.

Here’s a quick breakdown of what you need to know about USDC:

What is USDC?

Type: Stablecoin (ERC-20 token on Ethereum, also available on Solana, Avalanche, Base, and other blockchains)

Peg: 1 USDC ≈ 1 USD

Issuer: Circle and Coinbase via Centre Consortium

Reserves: Fully backed by US dollar-denominated assets (cash and short-duration U.S. Treasuries)

Transparency: Monthly attestation reports by third-party accounting firms.