USDC is a digital dollar. It combines the power and stability of US Dollars with the speed of the internet. You can use USDC just like you would any dollar – to buy and trade assets, to send and receive payments, or to save your money.
How is USDC different from a dollar?
Unlike dollars, USDC is a form of cryptocurrency. Because it’s blockchain-based, USDC moves at the speed of the internet, near-instantly and without the high fees associated with traditional finance. But unlike most forms of crypto, USDC is backed by highly liquid cash and cash-equivalent assets.
Who issues USDC?
USDC is issued by Circle, a financial technology company headquartered in the United States. In the United States, Circle is regulated as a money transmitter, and holds those licenses in all U.S. jurisdictions where required. In addition, Circle holds virtual currency licenses in New York and Louisiana, and is registered as a “Money Services Business” with FinCEN. Circle also holds relevant international licenses in Singapore, UK, and Bermuda.
USDC is backed 100% by cash and highly liquid cash-equivalent assets. The majority of the USDC reserve is held in the Circle Reserve Fund
(USDXX),
an SEC-registered 2a-7 government money market fund. Daily, independent, third-party reporting on the Circle Reserve Fund portfolio is publicly available via BlackRock.
USDC is natively supported on 16 blockchain networks: Algorand, Arbitrum, Avalanche, Base, Celo, Ethereum, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, Sui, and zkSync – with more expected in the future.
FAQs
What is USDC?
USDC is a digital dollar. It combines the power and stability of US Dollars with the speed of the internet. You can use USDC just like you would any dollar—to buy and trade assets, to send and receive payments, or to save your money.
How is USDC different from a dollar?
Unlike dollars, USDC is a form of cryptocurrency. Because it’s blockchain-based, USDC moves at the speed of the internet, near-instantly and without the high fees associated with traditional finance. But unlike most forms of crypto, USDC is backed by highly liquid cash and cash-equivalent assets.
Who issues USDC?
USDC is issued by Circle, a financial technology company headquartered in the United States. In the United States, Circle is regulated as a money transmitter, and holds those licenses in all U.S. jurisdictions where required. In addition, Circle holds virtual currency licenses in New York and Louisiana, and is registered as a “Money Services Business” with FinCEN. Circle also holds relevant international licenses in Singapore, UK, and Bermuda.
USDC is backed 100% by cash and highly liquid cash-equivalent assets. The majority of the USDC reserve is held in the Circle Reserve Fund
(USDXX),
an SEC-registered 2a-7 government money market fund. Daily, independent, third-party reporting on the Circle Reserve Fund portfolio is publicly available via BlackRock.
USDC is natively supported on 16 blockchain networks: Algorand, Arbitrum, Avalanche, Base, Celo, Ethereum, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, Sui, and zkSync – with more expected in the future.