USDC is owned and issued by Centre, a consortium of Circle and Coinbase. Circle is a fintech company that provides payment and settlement solutions across the globe, while Coinbase is a cryptocurrency exchange. See more on crypto.news

What is USDC backed by?

U.S. dollars and U.S. dollar-denominated assets such as short-dated U.S. Treasuries and overnight U.S. Treasury repurchase agreements back USDC. See more on crypto.news

What can you do with USDC?

USDC has several uses, including: Hedging against the volatility of other cryptocurrencies Sending remittances across borders without bank accounts Gaining exposure to the U.S. dollar for non-U.S. investors Holding against inflation of local currencies Raising funds for startups and nonprofits worldwide Integrating payment systems and applications across blockchains. See more on crypto.news

Is USDC different from USD?

Yes. USDC is different from USD. USDC is a stablecoin, a digital currency designed to maintain a 1:1 peg with the U.S. dollar. USD, on the other hand, is the U.S. dollar, the official fiat currency of the United States. The USD is physical, while the USDC is digital. Additionally, the U.S. government issues the USD, while USDC is minted by a private entity called Centre. See more on crypto.news

What is the downside of USDC?

The downside of USDC is that, unlike other cryptocurrencies like Bitcoin and Ether, its value does not appreciate since it is designed to mirror the U.S. dollar. Furthermore, USDC is subject to the same regulatory uncertainty under which other cryptocurrencies operate. It means that the future of USDC is uncertain, as it is unclear how regulators will view and treat this type of cryptocurrency. See more on crypto.news

What is the difference between USDT, USDC, and DAI?

While USDT, USDC, and DAI aim to maintain a 1:1 peg with the U.S. dollar, they differ in terms of issuer, transparency, collateralization methods, and decentralization. USDT and USDC are issued by centralized entities, namely Tether Limited and Centre. However, DAI, although created by MakerDAO, is generated through a decentralized smart contract system on the Ethereum network. Regarding collateral, USDT is backed by cash and other assets, including corporate bonds, precious metals, and other cryptocurrencies. USDC’s reserves comprise cash and short-term U.S. treasuries. DAI, on its part, is collateralized by ETH and other cryptocurrencies. USDT and USDC also have varying levels of transparency and regulation. There have been concerns and controversies about USDT’s actual dollar reserves, while USDC has gained popularity due to its transparency and regulatory compliance. See more on crypto.news

USD Coin price: USDC to USD, chart & market stats

Latest USD Coin News

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Prosecutors in South Korea have requested a 20-year prison sentence for Jeong Sang-ho, CEO of Delio, over alleged large-scale crypto embezzlement. According to Yonhap News Agency, the request was made during closing arguments at the Seoul Southern District Court on…

Apr 30, 2026 at 10:09 AM UTC

Circle stock jumps after earnings, but major risks remain

Circle stock price jumped by over 15% on Wednesday after the stablecoin company published strong financial results despite the ongoing crypto market crash. Circle Internet soared to $73, its highest level since January 28, up sharply from the year-to-date low…

Feb 25, 2026 at 2:04 PM UTC

Circle enables multichain USDC transfers for developers.

Circle’s Bridge Kit opens multichain USDC flows for developers

Circle is releasing a new developer toolkit designed to reduce the complexity of integrating cross-chain USDC transfers. The Bridge Kit packages existing protocol functions into a streamlined SDK, potentially cutting significant time from development cycles. In an announcement on Oct.…

Oct 21, 2025 at 8:14 PM UTC

Circle and Finastra weave USDC settlement into bank payments

USDC settlements in banks

Aug 27, 2025 at 4:21 PM UTC