USD Coin

USD Coin (USDC)

$1 -0.04%

What is USD Coin?

Circle is a digital asset financial platform. It provides the users with a set of tools that allows them to trade (Circle Trade), perform transactions (Circle Pay) or invest in cryptocurrencies (Circle Invest). Circle is a regulated Money Transmitter with a BitLicense for virtual currency exchange, so it is an open financial book. Before USDC can be used, the associated USD is deposited with one of its accredited bank partners — and it publishes those holdings regularly to verify the 1:1 ratio.

The USDC is an Ethereum-based (ERC-20) cryptocurrency. It is a stable coin attached to the US Dollar value in a 1:1 ratio. The USDC can be used on the Circle available features and services as a mean of payment. Note that as a fully collateralized stablecoin, the supply is determined by the USD deposits being taken on issuing services such as circle.com/usdc.

USD Coin News

Disclaimer
The information provided here does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of this content as such. None of the information should be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. We do not endorse or rate any initial coin offerings or cryptocurrencies listed or mentioned, nor do we encourage our readers to invest in anything. Investing in initial coin offerings or any cryptocurrency is considered a speculative and high-risk activity and we strongly encourage all investors to perform their own due diligence and consider their own circumstances before considering an investment.