USDC is part of a global ecosystem that spans traditional and crypto commerce. Created by Circle, a regulated fintech, USDC is a trusted, widely accepted, and highly liquid digital dollar. It’s crypto that is held to a higher standard.
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.
On Coinbase, eligible customers can earn rewards for every dollar of USDC they hold with no lockups.
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Convert USDC at a ratio of $1 USD for $1 USDC, with no fees or lock ups.
Earn USDC by simply holding USDC on Coinbase.
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.
Why is a digital dollar beneficial?
USDC is a digital dollar that transcends banking hours and global borders. Converting fiat to crypto can take days and incur fees, whereas holding USDC gives you the flexibility to move instantly in a cost-effective manner. This enables you to move quickly if the market shifts, providing an easier access to DeFI. It can also be used as a faster and cheaper way to transfer funds, completing transfers in under 1 hour as opposed to several days.
What does it mean to be a programmable dollar?
Being programmable unlocks a whole new world of applications and businesses: developers can create accounts to store money with one line of code; lending that is faster, cheaper, and more transparent; faster and cheaper payments, including payroll; global crowdfunding; transparent and stable 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.
Can I stake USDC? How does USDC staking work?
How do I know if I’m eligible to earn rewards for USDC on Coinbase?
To learn more visit our support FAQ.
*Availability subject to location
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.