USDC (USDC)

Created by Arjun Rituraj, Modified on Thu, 19 Jun at 12:10 PM by Arjun Rituraj

Project Description

Project name: USDC

Token Ticker Name: USDC

Pairs: USDC/INR, USDC/USDT

Token Total Supply: 32,745,076,047

Website: https://www.usdc.com/

White Paper: https://www.circle.com/legal/mica-usdc-whitepaper

Explorer: https://etherscan.io/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

Project Introduction

USDC, short for "United States Distributed Digital Currency," is a stablecoin firmly backed by US dollars or US Treasury securities. The reserve assets of USDC are securely held in segregated accounts with regulated US financial institutions. Maintaining the crucial "1:1" peg with the US dollar is central to USDC's stability. When you acquire one USD Coin using fiat currency, that corresponding fiat currency is held as one US dollar, and a new USDC is generated.