USDC - KaveriBridge/crypto GitHub Wiki
About
- USD Coin (USDC)
- Issued and maintained by Circle
- Official stablecoin of Coinbase
- Backed by fully reserved assets
- Redeemable on a 1:1 basis for US dollars.
- Governed by Centre, a membership-based consortium that sets technical, policy and financial standards for stablecoins.
From wiki
USD Coin (USDC) is a digital stablecoin that is pegged to the United States dollar. Each USDC is backed by a dollar held in reserve. USD Coin is managed by a consortium called Centre, founded by Circle and including cryptocurrency exchange Coinbase and Bitcoin miner company Bitmain, which is an investor in Circle. USDC was first announced 15 May 2018 by Circle, and launched in September 2018