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What is USDC?
USDC is a type of cryptocurrency that is referred to as a fiat-backed stablecoin, meaning it is backed by reserve assets in the traditional financial system, such as cash, cash equivalents, or securities. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars.
USDC is designed for stability
Each USDC is backed by one dollar or asset with equivalent fair value, which is held in accounts with US regulated financial institutions.
USDC is fully backed by reserve assets
USDC is a low-cost, accessible way to move value globally from your crypto wallet directly to other exchanges, businesses, and people.
USDC runs on multiple blockchains
USDC is available natively on 8 blockchains: Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow, and Hedera.
USDC unlocks the benefits of the cryptoeconomy
Consumers
USDC is the token that powers everyday finance in web3, streamlines access to the world of decentralized finance, and makes payments cheaper and faster.
Businesses
Participate in global crypto markets, price assets in a common currency, settle almost instantaneously, and retain assets on-chain with less exposure to volatility.
Developers
Build for the USDC standard with the dollar for the digital age. USDC can easily be integrated into your app or dapp for more liquidity and interoperability.
Frequently asked questions
How do I know USDC will hold its value?
Known as a fiat-backed stablecoin, USDC is backed by high-quality reserves and with transparent, monthly attestation's. Every USDC is 100% backed by cash and short-dated U.S. Treasuries held in regulated U.S. financial institutions. Learn more here.
What does it mean to be a programmable?
Being programmable unlocks a whole new world of applications and businesses: developers can create accounts to store money with one line of code; lending is fast, cheap, and transparent; fast and cheap payments, including for payroll; global crowdfunding; transparent donations to charity.
Why did Coinbase participate in building USDC?
Our mission is to build an open financial system for the world. As part of this mission, we want everyone to enjoy the stability of the world’s fiat currency, the US dollar. USDC allows unbanked and under-banked individuals in any country to hold a US dollar–backed asset with nothing more than a mobile phone.
Are USDC divisible to the cent like a dollar?
Yes, you can hold as little as 0.000001 worth of USDC.
Is USDC an Ethereum token?
USDC lives natively on 10 blockchains: Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow, Hedera, Base, and Optimism – with more native integrations expected this year and beyond. USDC has also been bridged to Polygon, Fantom, NEAR, Arbitrum, the Cosmos ecosystem, and many more emerging blockchains.
Coinbase does not intend for the reward-bearing products described herein to constitute a securities offering, and purchasing these products is not the same as investing in a securities offering.
1 The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.
2 Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and may vary by region. Please check the latest list of eligible regions here. Customers will be able to see the latest applicable rates directly within their accounts.