Transparency & Stability
USDC is always redeemable 1:1 for U.S. dollars, and Euro Coin is always redeemable 1:1 for euros. Always.
Balances
In Circulation
Reserves1
USDC in Circulation
Cash at Reserve Banks
Circle Reserve Fund
Issuance and Redemption
7 day change
Issued
Redeemed
Change in Circulation
30 day change
Issued
Redeemed
Change in Circulation
365 day change
Issued
Redeemed
Change in Circulation
The Circle Reserve Fund is a SEC-registered government money market fund which holds a portfolio of short-dated US Treasuries, overnight US Treasury repurchase agreements, and cash. For more information visit Circle Reserve Fund.
For further details on the USDC reserve, please see our detailed monthly attestations.
1 USDC is backed by the equivalent value of US dollar denominated assets held as reserves for the benefit of USDC holders. Cash is held at US financial institutions. The portfolio of the Circle Reserve Fund, which can contain short-dated US Treasuries, overnight US Treasury repurchase agreements, and cash, is custodied at The Bank of New York Mellon and is managed by BlackRock.
