What does Circle do?

At the highest level, Circle works closely with U.S. congressional leaders to align the open values of Web3 with the traditional financial system and help create our harmonious, interconnected future. Is USDC a cryptocurrency? How can I trust that USDC will always be equivalent to a dollar?

What is USDC (USDC)?

Learn why Circle created USDC, why it’s highly stable, and what it means for you. USD Coin (USDC) is a fully-reserved stablecoin running on many of the world’s leading blockchains. It is always redeemable 1:1 for U.S. dollars, because for every 1 USDC in circulation there is $1 USD held in reserve.

What is centre (cent)?

It was launched in 2018 and is backed by the CENTRE Consortium, a partnership between Circle and Coinbase, two well-funded and well-known cryptocurrency brands. The coin is meant to help stabilize volatile crypto prices and compete with Tether (USDT), a competing stablecoin embroiled in controversy.

How does circle invest in USDC?

Circle invests a portion of the reserves backing USDC in the Circle Reserve Fund, a SEC-registered government money market fund which holds a portfolio of short-dated US Treasuries and cash. For more information visit Circle Reserve Fund. For further details on the USDC reserve, please see our detailed monthly attestations.