MAEXO

USD Coin (USDC)

Glossary

Tokens & NFTs

USD Coin (USDC)

A regulated, fully-reserved US dollar stablecoin issued by Circle.

Definition

In depth

USDC is a US-regulated stablecoin issued by Circle, fully backed by cash and short-term US Treasuries audited monthly. It's widely used in DeFi and is the preferred stablecoin for many institutional and regulated venues.

Related

Related terms

Stablecoin

A token designed to hold a stable value, usually 1:1 with a fiat currency.

Tether (USDT)

The largest fiat-backed stablecoin, pegged 1:1 to the US dollar.

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