USDC
Last updated
Last updated
Ticker
USDC
Type
Stablecoin
What is the token used for?
USDC is an EMT (electronic money token) under MiCA regulation, available on public blockchain networks. USDC provides a faster, safer, and more efficient way to send, spend, and exchange money around the world.
For every USDC issued by Circle SAS and remaining in circulation in the European Economic Area ("EEA"), Circle SAS will hold either one U.S. Dollar ("USD") or an equivalent amount of USD-denominated assets on behalf of holders, in order to facilitate the frictionless movement of the e-money tokens, utilizing blockchain technology. As a fully reserved e-money token, USDC is backed by an equivalent amount of U.S. Dollar-denominated assets held by Circle SAS and redeemable 1:1 for U.S. dollars.
The emphasis of Circle
The Circle Reserve Fund is an SEC-registered government money market fund. It holds a portfolio of short-term U.S. Treasury bills, overnight U.S. Treasury bill repurchase agreements and cash. To find out more, visit Circle Reserve Fund.
To find out more about the USDC reserve, please see our detailed monthly certificates.
USDC is backed by the equivalent value of US dollar-denominated assets held as reserves for the benefit of USDC holders. Cash is held in regulated financial institutions. The Circle Reserve Fund portfolio, which may include short-term US Treasury bills, overnight US Treasury bill repurchase agreements and cash, is held at the Bank of New York Mellon and managed by BlackRock.
Issuer
Website
Whitepaper: Smartcontact: Reserve:
