USDC
Dollar-linked token.
USDC is a dollar-linked token issued by Circle and available on multiple blockchains. It is designed for digital transfers and payments.
What is USDC?
USDC is issued by Circle with a target value of one U.S. dollar per token. Circle describes its backing as cash and cash-equivalent assets and publishes reserve attestations. USDC is a token on supported blockchains, rather than a blockchain of its own.
A dollar target does not guarantee the market price. Issuer arrangements and the exact network or bridged version matter.
Why people pay attention
A dollar reference
Its design aims to track the U.S. dollar.
Several networks
USDC is issued on multiple supported blockchains.
Published reserve reports
Circle provides reports about reserve holdings.
Origins & development
Circle and the CENTRE consortium announced USDC’s launch in September 2018. Circle was its first commercial issuer.
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