What is USDC (USDC)?

USDC is governed by Centre, which oversees the technical and financial standards for the stablecoin and ensures that there is transparency around a true 1 to 1 backing (1 USD for every 1 USDC.) For every USDC created, $1 of USD is held in reserve. Created in 2018, there is currently a circulating supply of 22,025,968,929 USDC.

How to get involved in USDC?

Collaborate with developers from Circle, Coinbase and other Centre members in the USDC Discord community. Get involved in co-marketing initiatives, discuss partnerships, and be the first to know what’s new in USDC. More and more wallets, exchanges, platforms, app providers and service providers are joining us to support USD Coin.

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 much USDC is held in reserve?

For every USDC created, $1 of USD is held in reserve. Created in 2018, there is currently a circulating supply of 22,025,968,929 USDC. USDC can be issued by approved regulated financial institutions, which allows for the growth of the USDC ecosystem.