USDC is a fully reserved stablecoin, which is a type of cryptocurrency. Unlike other cryptocurrencies that fluctuate in price, USDC is designed to maintain a stable 1:1 value with the US dollar while leveraging the speed and security of blockchain technology.

USDC is backed 1:1 by US dollars or dollar-equivalent assets held in regulated financial institutions. Regular independent audits and transparency reports ensure that the reserves fully cover the circulating supply of USDC.

When a business or individual deposits USD with Circle, the equivalent amount of USDC is created, or “minted”, and issued into circulation. Conversely, when USDC is redeemed for USD, the tokens are “burned”, effectively removing them from circulation. This process ensures that the supply of USDC remains fully collateralized.

A fast and easy way to access USDC is by creating an account on a digital asset platform that supports USDC. Major exchanges like Coinbase, Crypto.com, and Binance.US offer USDC, and developers can integrate with various APIs to build on its ecosystem.

USDC is primarily available on Ethereum and Solana, with additional integrations on other blockchains such as Algorand, Stellar, and Tron. This multi-chain presence ensures broad accessibility and liquidity across various digital asset platforms.