USD Coin (USDC) is a fully collateralised U.S. dollar stablecoin. It is an Ethereum-powered coin and is the brainchild of CENTRE, an open-source project bootstrapped by contributions from Circle and Coinbase. USDCs are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency in a 1 USDC:1 USD ratio. Issuers are required to report their USD reserve holdings frequently, and Grant Thornton LLP issues a report on those holdings every month.

Resources Ticker: USDC
Ethereum Contract
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