Last updated at 2022/10/04
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USD Coin, $USDC

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$47B
Market Cap 7d %
-4.15%
Market Cap 30d %
-9.11%
Volume 24h
$3.7B
Volume 7d
$33B
Mechanism
Governance
Centralized
Issuer
Circle Internet Financial Limited
Jurisdiction
United States

USD Coin is a USD pegged stable coin which is always issued & redeemed in a 1:1 ratio with USD. Investors can interact with products based on USDC on the Circle platform. It gained popularity in recent years through its high transparency and compliancy standards based on monthly audits and the governance through the multi-party consortium of Circle, Coinbase and Bitmain called Centre.

Risks

  • Counterparty risk against Circle Internet Financial Limited
  • Risk of insufficient backing
    • Circle only reports a monthly attestation report on the backing of the outstanding USDC
  • Risk of loss of collateral due to low quality of collateral based on speculation
  • Risk of asset freeze due to regulatory pressure

$USDC Newsticker

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