What is USDC?
USD Coin (USDC) is a stablecoin designed to be pegged to the US dollar and redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions.
Why use USDC?
Fiat-backed stablecoins (cryptocurrencies pegged to reserve assets like the U.S. dollar) provide customers stability and confidence during times of volatility. USDC is one of the most trusted and reputable digital dollars, fully backed with high-quality reserves:
Hiqh quality reserves: Trade confidently. USDC is 100% backed by cash and short-dated U.S. Treasuries held in regulated U.S. financial institutions.
Trusted transparency: Reduce risk. Grant Thorton LLP, a leading 3rd party accounting firm, conducts transparent, monthly attestations on the US dollar denominated reserves that back the USDC in circulation.
Stable store of value: Find stability in crypto. Know that the value of your USDC is preserved over time whether you want to pay, send, or trade. USDC is designed to be pegged to the US dollar and redeemable 1:1 for USD.
Rewards: Users in eligible regions may be able to earn rewards on their USDC simply by holding it in their Coinbase account.