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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.
Send money cost effectively
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 US dollars. USDC reserves are held in the management and custody of leading US 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 US state law just like PayPal, Stripe, and Apple Pay. Circle’s financial statements are audited annually.
As of September 21, 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.
Why leaders choose USDC
Whether it’s transparency or programmability, USDC is built for the future.
See why innovators at Consensus 2023 build with Circle
We asked our partners why they chose Circle and USDC and the resounding message was that Circle and USDC are built differently. Circle makes it fast and easy to use and implement, while the reserve sets USDC apart in the stablecoin industry.
Discover how Circle Ventures founders use USDC
While trust and transparency seem like table stakes, it's the primary reason founders of companies in Circle Ventures’ portfolio choose USDC. The other reasons are its programmable liquidity, almost-instant settlement speed, efficiency, and more.
Setting a standard for stablecoin legislation
USDC is often viewed as the blueprint to follow for designing a regulated digital currency. At the highest level, Circle works closely with US congressional leaders to align the open values of Web3 with the traditional financial system and help create our harmonious, interconnected future.
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 US dollar. USDC is a stable store of value that benefits from the speed and security of blockchain technology.
USDC is a digital dollar backed 100% by highly liquid cash and cash-equivalent assets and is always redeemable 1:1 for US dollars. A portion of the USDC reserve is invested in the Circle Reserve Fund (USDXX), an SEC-regulated money market fund managed by BlackRock. Daily independent third-party reporting on the portfolio is publicly available. See more on our Transparency page.
Businesses can open a Circle Account to exchange US 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 US dollars, the business can deposit USDC into their Circle Account and request to receive US dollars for free. This process of redeeming USDC is known as “burning”. This process takes USDC out of circulation.
When US 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 apply for a Circle Account.
USDC is natively accessible for 14 blockchains: Algorand, Arbitrum, Avalanche, Base, Ethereum, Flow, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Solana, Stellar, and TRON – with more expected this year and beyond.
USDC has also been bridged to many emerging blockchains by third-party bridges, resulting in the creation of bridged forms of USDC such as USDC.e.
For more details, see 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 11 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.