USD Coin
USD Coin is a fully backed, fiat-pegged stablecoin issued by Circle and Coinbase, maintaining a 1:1 value with the U.S. dollar. It is widely used in DeFi, payments, and trading due to its transparency, compliance, and monthly attestation reports. USDC offers stability and liquidity, making it a preferred choice for investors seeking low-volatility crypto exposure. It runs on multiple blockchains including Ethereum, Solana, and Avalanche.
| USD Coin | |
|---|---|
| Available on Coinbase (2024)? | Yes |
| Creator(s) | Circle and Coinbase |
| Start year | 2018 |
| Decentralized score (out of 5) | 1/5: Fully Centralized |
| Influences or central authority | Circle and Coinbase. |
| Can be mined? | No |
| New issuance method | Centralized Issuance |
| Maximum supply (in millions) | None; no fixed maximum |
| Percentage already issued (2024) | Not applicable |
| Key functions (other than transactions) | none |
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