common-close-0
BYDFi
Trade wherever you are!

What company is behind the USDC coin?

avatarMadhavi Latha Reddy SettipalliDec 27, 2021 · 3 years ago3 answers

Can you tell me which company is responsible for the creation and management of the USDC coin?

What company is behind the USDC coin?
USDC
Stablecoin
Cryptocurrency

3 answers

  • avatarDec 27, 2021 · 3 years ago
    The USDC coin is backed by a consortium called Centre, which is a collaboration between Circle and Coinbase. Centre ensures that each USDC token is fully backed by an equivalent amount of US dollars held in reserve accounts. This ensures the stability and trustworthiness of the USDC coin.
  • avatarDec 27, 2021 · 3 years ago
    The USDC coin is created and managed by Centre, a consortium formed by Circle and Coinbase. Centre's mission is to establish a standard for fiat-backed digital currency and provide a transparent and secure framework for the issuance and redemption of USDC tokens.
  • avatarDec 27, 2021 · 3 years ago
    The USDC coin is backed by a consortium called Centre, which includes major players in the cryptocurrency industry. Centre aims to provide a stable and reliable digital currency that can be used for various purposes, such as trading, remittances, and decentralized finance (DeFi) applications.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions