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USDC or USD Coin is a stablecoin pegged to US dollar and is often called as a digital dollar. Stablecoin is a crypto asset that is designed to have the same value as a certain asset such as currency and gold. USDC is issued by Centre, a consortium of two entities: Circle Internet Financial and Coinbase, a large cryptocurrency exchange in US.

USDC is the most liquid stablecoin because it has 100% reseves that backed by cash and short-term US government treasuries. US financial companies such as BlackRock and The Bank of New York Mellon (BNY Mellon) manage USDC reserve funds.

Read also: What is Stablecoin?

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