USD Coin USDC
USD Coin (USDC) is a U.S. dollar stablecoin issued by Circle through Circle Internet Financial, LLC. Each token is redeemable one-for-one for U.S. dollars and is fully backed by the reference asset or qualifying cash equivalents. Reserves are held in cash, bank deposits, repurchase agreements, money market funds, and other assets, in accounts segregated from the issuer's own funds. They sit with BNY, attested monthly by Deloitte & Touche LLP. Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with Circle in USD after completing KYC, and holders have a contractual right to redeem at par. Circle Internet Financial, LLC is incorporated in the United States, holds U.S. state money transmitter licences, and is supervised by the New York State Department of Financial Services (NYDFS). Holder terms are governed by the law of Delaware in the United States. Circle Internet Financial Europe SAS is incorporated in France, is authorised under MiCA, and is supervised by the Autorité de contrôle prudentiel et de résolution (ACPR) and the Autorité des marchés financiers (AMF). Holder terms are governed by the law of France. USDC has been issued on public blockchains since September 2018 and is native to 33 networks, including Ethereum, Polkadot AssetHub, Algorand, Solana, Stellar, and Tron, with bridged versions on nine more.