USDC

USD Coin (USDC) is a fiat-pegged stablecoin launched as a ERC-20 token on the Ethereum blockchain in October 2018. USDC is pegged to the US dollar and can easily be redeemed for US dollars.

Each USDC is backed by a 1:1 ratio with the equivalent amount of fiat currency held in custodial accounts by members of Centre, a consortium founded by Circle and Coinbase. Members of Centre are regulated financial institutions based in the US. Monthly audits of reserves are published by Grant Thornton LLP.

USDC is the world's second-largest stablecoin after USDT and has quickly grown to over $1 billion in circulation. However, USDC remains far behind USDT's $12+ billion in circulation.

Key Facts

Issued by

Centre

Name

USD Coin

Symbol

USDC

Address

0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

Decimals

6

Official site

https://www.centre.io/usdc

Holders

Over 200k addresses