Why use a digital dollar stablecoin?
Digital money for the digital age
USD Coin (USDC) represents a major breakthrough in how we use money. Digital dollars work like other digital content — they move at the speed of the internet, can be exchanged in the same way we share content, and are cheaper and more secure than existing payment systems.
Built on standards
USDC is issued by regulated financial institutions, backed by fully reserved assets, redeemable on a 1:1 basis for US dollars, and governed by Centre, a membership-based consortium that sets technical, policy and financial standards for stablecoins.
The largest stablecoin ecosystem
As an open standard and public smart contract, USDC has rapidly grown the largest stablecoin industry ecosystem in the world. Hundreds of companies, products and services support the USDC standard, including digital wallets, exchanges, DeFi protocols, savings, lending and payment services. USDC is creating value for the entire blockchain ecosystem.