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USD Coin

USDC

About

USD Coin is a stablecoin backed by US dollars, which are held in reserve by regulated financial institutions. USD Coin is managed by Centre, which acts as the central issuer.

$42,698,421,643

$1,929,171,883

30d

+0%

N/A

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Staking Ratio
Lend USD Coin
Risk
moderate
Complexity
easy
Reward
5.34%
Minimum
-
Lock Up
-
Staking Ratio
-
Adj. Reward
5.34%
Avg. Fee
-

Calculate how much you can earn by staking USD Coin. Results vary based on the staking amount, term, and type selected.

USD
USDC

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 USDC

Est. Yearly Earning

$0

0 USDC

FAQ's

  • What type of Stablecoin is USDC?
  • USDC is a FIAT-Backed Stablecoin.

    A fiat-backed stablecoin keeps a fiat currency, such as USD, in reserves. For example, each USDC is backed up by a real US dollar held as collateral. Users can then convert from fiat into a stablecoin and vice versa at the pegged rate. If the price of the token drifts from the underlying fiat, arbitrageurs will quickly bring the price back to the fixed rate.
    Let’s say USDC is trading above one dollar. Arbitrageurs turn US dollars into USDC and sell it for more on the market. This increases the supply of USDC for sale and lowers the price to one dollar again. If USDC trades below one dollar, traders purchase USDC and convert it to USD. This increases demand for USDC, raising its price back to one.
  • Will USDC always be equal to $1?
  • For every $1 of USDC in circulation, Circle holds $1 of USD. USDC is fully-backed by cash and short-dated U.S. treasuries, and these reserves are held in the custody of leading financial institutions.

    There will be times when the quoted price on exchanges may trade above or below $1, but this is usually speculation based on market volatility and does not mean that USDC is not backed by $1 of FIAT currency.

  • How is USDC different from a CBDC?
  • USDC is issued by Circle, a company in the private sector, while a CBDC would be issued by a government. While most CBDCs are only in the research phase, USDC exists today and is widely used by millions of people around the world. Circle has developed the technology to enable USDC to run on over eight public blockchains, with open-source and private market innovation driving rapid progress in dollar digital currency models.

    Read more about Circle’s insights on the Federal Reserve’s CBDC discussion.