USD Coin token
Overview
USD Coin (USDC) is a fiat-collateralized stablecoin pegged 1:1 to the U.S. dollar. It is issued by Circle Internet Financial, which has been the sole governor of USDC since the Centre Consortium was dissolved in 2023. USDC is used for trading, payments, and as a stable store of value in decentralized finance (DeFi) applications.
Within the DeFi Intel graph, USD Coin connects to 243 tracked entities, most strongly to Ethereum, Circle, Solana.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 243 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 99% |
issued_by | Circle | 99% |
deployed_on | Solana | 97% |
regulated_by | Circle | 97% |
settled_in | Visa | 96% |
grew-on | Solana | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Base | 95% |
grew-on | Base | 95% |
deployed_on | Polygon | 95% |
Frequently asked questions
What is USD Coin?
USD Coin (USDC) is a digital stablecoin whose value is pegged to the U.S. dollar. Each USDC is backed by corresponding fiat currency or cash-equivalent assets held in regulated financial institutions.
How is the peg to the U.S. dollar maintained?
Circle holds a 1:1 reserve of U.S. dollars or approved cash equivalents for every USDC in circulation. Reserves are regularly attested by a third-party accounting firm and reported monthly.
What are the main use cases for USDC?
USDC is used for cryptocurrency trading, cross-border payments, and as a stable asset in lending, borrowing, and liquidity provision on DeFi platforms.
What is USD Coin connected to?
In the DeFi Intel knowledge graph, USD Coin is linked to 243 other tracked entities, most strongly to Ethereum, Circle, Solana.
More on USD Coin
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