Always-on dollars, internet speed
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Always on. Always open.
USDC transcends borders and banking hours. As a digital dollar with global reach, USDC can be available whenever and wherever you need it. It’s easy to send USDC around the world, pay for goods and services, or save for the future. Anyone with an internet connection can send, receive, and save USDC.
Instant cash flow. All day. Every day.
No more waiting to finalize a transaction and withdraw cash. USDC makes the concept of settlement times obsolete with payments that can circle the globe and land in your account as fast as email. Imagine FX trades of any size that can take seconds to complete – that’s the power of USDC.
Dollars that make cents
It shouldn’t cost money to use money. Say goodbye to paying $50 to send a wire transfer – say hello to a fraction of a cent. Merchants can avoid incurring 2.9% fees on credit card payments, benefit from instant cash flow, and pass back savings to customers.
USDC takes the abilities of cash to the next level. Unlock opportunities in crypto capital markets for trading, lending, borrowing, and fundraising with USDC – accessible globally. The possibilities are just beginning.
An open money platform
Build your product with an uber-money API that’s global, open-source, interoperable and free to use. Developers trust USDC as a core building block for their apps to deliver real-time payments, trading, and financial services to their users. Dream big with USDC.
USDC is transforming finance
Stability you can trust
USDC is always redeemable 1:1 for U.S. dollars. USDC reserves are held in the management and custody of leading U.S. financial institutions, including BlackRock and BNY Mellon.
View monthly attestations, which provide assurance that the amount of USDC reserves greater than or equal to the amount in circulation each month, according to attestation standards set out by the American Institute of Certified Public Accountants (AICPA).
Circle is regulated as a licensed money transmitter under U.S. state law just like PayPal, Stripe, and Apple Pay. Circle’s financial statements are audited annually.
As of May 25, 2023
Issuance and Redemption
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USDC is everywhere
Accelerate your global growth with lightning-fast USDC payments that deliver instant cash flow. Access USDC liquidity to trade, borrow, lend, and invest across crypto capital markets.
The best way to access USDC
Experience the next generation of money with USDC. Send, spend, save, and exchange digital dollars with anyone, anywhere in the world, 24/7 at internet speed.
Visit an exchange to get USDC
Integrate USDC into your app or dApp today – USDC is a programmable digital dollar that’s open-source, composable, and accessible for anyone to build with.
Start building now
Setting a blueprint for
USDC is often looked to as the blueprint to replicate for digital currency architecture. At the highest level, Circle works closely with U.S. congressional leaders to align the open values of Web3 with the traditional financial system and help create our harmonious, interconnected future.
Build on Circle
CCTP enables the permissionless transfer of USDC natively across supported blockchains
USDC is a fully-reserved stablecoin, which is a type of cryptocurrency, or digital asset. Unlike other cryptocurrencies that fluctuate in price, USDC is designed to maintain price equivalence to the U.S. dollar. USDC is a stable store of value that benefits from the speed and security of blockchain technology.
USDC is fully backed by highly liquid fiat reserves held separately from Circle’s operating funds at leading financial institutions for the benefit of our stablecoin holders. The reserve is subject to third party attestation that there are sufficient assets to meet liabilities. See more on our Transparency page.
Businesses can open a Circle Account to exchange U.S. dollars for USDC. When a business deposits USD into their Circle Account, Circle issues the equivalent amount of USDC to the business. The process of issuing new USDC is known as “minting”. This process creates new USDC in circulation.
Similarly, when a business wants to exchange their USDC for U.S. dollars, the business can deposit USDC into their Circle Account and request to receive U.S. dollars for free. This process of redeeming USDC is known as “burning”. This process takes USDC out of circulation.
When U.S. dollars are swapped for USDC on a digital asset exchange, the exchange will typically provide the balance of USDC it has on-hand to fulfill the swap. If the exchange needs more USDC to fulfill the swap, the exchange will often use its Circle Account to mint more USDC.
A fast and easy way for businesses to access USDC is to open a free Circle Account.
USDC can also be accessed quickly from digital asset exchanges like Coinbase, Crypto.com, and Binance.us.
Developers can start building on USDC today by accessing our GitHub repo. Additional resources are available from our USDC for Developers page.
USDC lives natively on 8 blockchains: Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow, and Hedera – with more native integrations expected this year and beyond.
USDC has also been bridged to Polygon, Fantom, NEAR, Arbitrum, the Cosmos ecosystem, and many more emerging blockchains.
For more details, check out our USDC for Developers page.
USDC is issued by Circle, a company in the private sector, while a CBDC would be issued by a government. While most CBDCs are only in the research phase, USDC exists today and is widely used by millions of people around the world. Circle has developed the technology to enable USDC to run on over eight public blockchains, with open-source and private market innovation driving rapid progress in dollar digital currency models.
Read more about Circle’s insights on the Federal Reserve’s CBDC discussion.
Build with USDC
We’d love to get to know you, answer your questions, and help you realize the power of digital dollars for your business.