Who is responsible for issuing USDC?

3 answers

• oholzAug 02, 2024 · a year ago
  USDC, or USD Coin, is a stablecoin that is issued by Circle and Coinbase. It is a regulated digital currency that is backed by US dollars held in reserve accounts. Circle and Coinbase are responsible for issuing and maintaining the USDC tokens, ensuring that they are fully backed by the corresponding amount of US dollars. This ensures the stability and trustworthiness of USDC as a digital currency.
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• M kavianOct 26, 2024 · 9 months ago
  USDC is issued by Circle and Coinbase, two well-known companies in the cryptocurrency industry. They have established partnerships with various financial institutions to ensure the stability and liquidity of USDC. The issuance process involves the conversion of US dollars into USDC tokens, which are then distributed to users through various platforms and exchanges. Circle and Coinbase also play a crucial role in monitoring and maintaining the reserves that back USDC, ensuring transparency and accountability.
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• Panos MitaJun 21, 2024 · a year ago
  USDC is issued by Circle and Coinbase, two reputable companies in the cryptocurrency space. As a regulated stablecoin, USDC provides a reliable and transparent digital asset that is pegged to the US dollar. Circle and Coinbase have implemented strict compliance measures to ensure the integrity of the USDC ecosystem. They work closely with auditors to regularly verify the reserves and maintain a high level of transparency. USDC has gained significant adoption and is widely used in various decentralized finance (DeFi) applications and trading platforms.
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