What is USD Coin (USDC)?

USD Coin (USDC) is a digital currency that is fully backed by U.S. dollars or dollar-denominated assets like U.S. Treasury securities. USDC's reserve assets are held in segregated accounts with regulated U.S. financial institutions. The accounting firm Grant Thornton oversees these segregated accounts and provides monthly attestation reports. 1

Is USDC a stablecoin?

Blockchain interconnection: Since USDC is compatible with several autonomous blockchains, using USDC can be a way to integrate payment systems and applications across blockchains. What Type of Stablecoin Is USD Coin? USD Coin (USDC) is a fiat-collateralized stablecoin, meaning that USDC tokens are collateralized by fiat money like U.S. dollars.

What is clad coinage?

Clad Coinage: Coins that have a core and outer layer made of different metals. Since 1965, all circulating U.S. dimes, quarters, half dollars, and dollars have been clad Collar: A metal piece that restrains the expanding metal of a planchet during striking Commemorative: A special coin or medal issued to honor an outstanding person, place, or event

What is a digital coin?

The definition of a digital coin is an asset that is native to its own blockchain. Think about Bitcoin, Litecoin, or Ether. Each of these coins exists on their own blockchain. You can now get $600 Binance Welcome Bonus for completing simple tasks in this Binance Holiday Sale. Follow the link while the offer is still valid!