Rank #2USDCFiat-Backed

USD Coin

Pegged to

USD

Market Cap

$60.00B

24h Volume

$8.00B

Circulating Supply

60.00B USDC

Total Supply

60.00B USDC

Peg Target

USD

Collateral Type

Fiat-Backed

Issuer

Circle

Launch Date

26-09-2018

About USD Coin

USD Coin (USDC) is a fully-reserved, dollar-backed stablecoin issued by Circle. USDC is regulated under US money transmitter laws and undergoes monthly reserve attestations by a Big Four accounting firm. Each USDC token is backed 1:1 by cash and short-dated US Treasury bills held in segregated accounts. It is widely used in DeFi, institutional payments, and cross-border settlements. Circle's Cross-Chain Transfer Protocol (CCTP) enables native USDC transfers across supported chains without bridging. USDC is the stablecoin of choice for regulated financial institutions and is integrated into payment platforms like Visa and Stripe.

Supported Blockchains

Ethereum Solana Polygon Avalanche Arbitrum Optimism Base Stellar

Pros

Highest regulatory transparency
Monthly independent attestations
Strong institutional adoption
Native multi-chain support via CCTP

Cons

Lower liquidity than USDT on some exchanges
Temporary depeg during SVB crisis (March 2023)
Centralised with freeze capability
Slower adoption in Asian markets

Key Features

Monthly attestation by Big Four firm

Regulated under US money transmitter laws

Cross-Chain Transfer Protocol (CCTP)

Native issuance on 8+ blockchains

Integrated with Visa and major payment rails

Institutional-grade compliance

Stablecoin Information

Community & Socials

Website Twitter / X Discord GitHub