Who controls USDC supply?

3 answers

• FatcatDec 21, 2021 · 4 years ago
  USDC supply is controlled by Circle, the company behind the cryptocurrency. Circle has the power to mint and burn USDC tokens, which allows them to regulate the supply based on market demand. This ensures that the value of USDC remains stable and reliable for users.
  266

  133
• Sajal SharmaJan 27, 2023 · 3 years ago
  The supply of USDC is managed by Circle, a regulated financial institution. They have implemented strict compliance measures to ensure the stability and transparency of the USDC ecosystem. Circle regularly undergoes audits to verify the amount of USDC in circulation, providing users with confidence in the token's supply.
  322

  108
• Jenkins EvansApr 06, 2023 · 2 years ago
  USDC supply is controlled by Circle, the company responsible for its creation. As a third-party stablecoin, USDC's supply is not influenced by any specific exchange, including BYDFi. Circle's goal is to maintain a 1:1 ratio between USDC and USD reserves, ensuring the stability and trustworthiness of the cryptocurrency.
  320

  80