USDC
A USD-pegged digital asset issued by Circle, known for transparency and regulatory compliance.
What is USDC?
USDC, or USD Coin, is the second-largest stablecoin by market cap, issued by Circle and backed 1:1 by USD reserves, including cash and short-term U.S. Treasuries. Operating on blockchains like Ethereum, USDC is widely used in DeFi, payments, and cross-border transactions due to its stability and transparency, with weekly reserve attestations published by Circle. Its regulatory alignment, particularly in the U.S., makes it a preferred choice for institutional and retail users seeking a reliable digital asset for trading, remittances, and liquidity management.
Related Terms
Custody
Secure storage and management of digital assets by qualified third-party institutions, ensuring protection against theft and unauthorized access.
Gas Limit of a Block
The maximum total gas allowed for all transactions included in an Ethereum block.
Fiat-pegged Stablecoin
A digital asset tied 1:1 to a fiat currency, like USD or EUR, for price stability.
Cross-Chain Swap
A cross-chain swap is the exchange of digital assets between two different blockchain networks, facilitated by bridges or protocols to enable interoperability.
Active Management Burden
The ongoing requirement for liquidity providers to monitor and adjust positions in DeFi to optimize returns and mitigate risks.
Epoch of Ethereum PoS
A fixed period in Ethereum’s proof-of-stake consensus, typically 32 slots, used for validator duties and finality.