What is USD Coin?

USD Coin (USDC) is a fiat-backed stablecoin pegged to the U.S. dollar. It was developed by Circle and is fully backed by real-world assets such as cash and U.S. Treasury bonds to maintain a 1:1 value with the U.S. dollar. USDC is designed to enable fast, low-cost, and reliable payments across global financial and crypto markets.

Whitepaper: MiCA USDC Whitepaper

 

How does USD Coin work?

USD Coin functions as a stablecoin on various blockchains, including Ethereum, Solana, Algorand, and Stellar. Each USDC token is backed by an equivalent amount of U.S. dollars or liquid assets held at regulated financial institutions. This means that USDC can be redeemed for USD at a fixed 1:1 ratio at any time through its issuer, Circle.

 

The token

Ticker: USDC

Category: Stablecoin

Blockchain: Ethereum, Solana, Algorand, Stellar, and more

Protocol: ERC-20 and other standards

Year of launch: 2018

 

The technology behind USD Coin

USDC is built on smart contract technology and can be issued across multiple blockchains. This enables fast transactions, low fees, and interoperability between networks. The issuance and redemption of USDC are managed by Circle and regulated financial partners, ensuring transparency and stability.

 

The USD Coin ecosystem

USDC is widely used both within and beyond the crypto industry. It is accepted as a payment method, used in decentralized finance (DeFi), integrated into crypto exchanges, and supported by various wallets and payment providers. Due to its stability and transparency, USDC is increasingly used as an alternative to traditional bank transfers and international payments.

 

Who founded USD Coin?

USD Coin was launched in 2018 by Circle, a financial technology company focused on digital payments and blockchain technology. Circle was founded by Jeremy Allaire and Sean Neville and collaborates with regulated institutions to ensure the stability of USDC’s value.

Impact on the environment

Click here to read more information about the impact of this coin on the environment.

Risk disclaimer

Let op, raadpleeg voor meer informatie over het cryptoactivum de informatie beschikbaar gesteld door de asset zelf via: https://www.circle.com/ 

Lees voorafgaand aan het verhandelen ook de risicowaarschuwing over het handelen in cryptoactiva in het algemeen:

Cryptocurrencies, waaronder USD Coin (USDC), zijn volatiel en brengen risico's met zich mee. Hoewel USDC wordt gedekt door reële activa, kunnen regelgeving, liquiditeitsproblemen of marktschommelingen de waarde beïnvloeden. Doe altijd uw eigen onderzoek en investeer alleen geld dat u bereid bent te verliezen.

The BTC Direct disclaimer van be found here: https://btcdirect.eu/de-at/disclaimer