USD Coin (USDC) Things You Need To Know Before Investing

USD Coin (USDC) is a stablecoin pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 held in reserve, in a mix of cash and short-term U.S. 


In 2020, Circle and Coinbase collectively announced a major upgrade to USDC’s protocol and smart contract. 

The USD in circulation are ERC-20 tokens found on the Ethereum blockchain.