How is USDC supported by real-world assets?

3 answers

• Bean CherryJun 26, 2024 · a year ago
  USDC, which stands for USD Coin, is a stablecoin that is backed by real-world assets. These assets include cash and short-term U.S. Treasury bonds. For every USDC token that is issued, there is an equivalent amount of assets held in reserve. This ensures that USDC maintains a 1:1 peg to the U.S. dollar. The reserves are held by regulated financial institutions and are subject to regular audits to ensure transparency and accountability.
  439

  220
• Nityam RajDec 19, 2024 · a year ago
  USDC is supported by real-world assets, which means that for every USDC token in circulation, there is an equivalent amount of assets held in reserve. These assets are held by trusted financial institutions and are subject to regular audits. This backing provides stability to USDC and ensures that it maintains its value relative to the U.S. dollar. It also gives users confidence that their USDC holdings are backed by tangible assets.
  437

  146
• Asad AsifSep 02, 2020 · 5 years ago
  USDC is backed by a reserve of real-world assets, which ensures its stability and value. The reserve is held by regulated financial institutions and consists of cash and short-term U.S. Treasury bonds. This backing is audited on a regular basis to ensure transparency and accountability. By holding USDC, users can have the benefits of digital currency while still having the assurance that their holdings are backed by real assets. It's a win-win situation for both the users and the stability of the cryptocurrency market.
  524

  131