Discover the best DeFi opportunities with expert research and risk insights.
USD Coin (native Optimism)
USDC
USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).
Risk Rating
Best
$1.00
-0.00%
What is USD Coin (native Optimism)?
Information
Blockchain
- Optimism
Key Metrics
- Market Cap: $71.5B
- Fully Diluted Valluation: $71.5B
- FDV / MC: 1
- Ranking inside Exponential (among stables): #2
- Circulating Supply: 71,555,446,066
- Total Supply: 71,555,501,879
- Volume (24H): $10.5B
- ATH: $1.17 (05/08/2019)
- ATL: $0.88 (03/11/2023)
Risk Assessment
Best
Asset Strength
USDC is a large-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Optimism bridge, a protocol rated as Good.
USDC is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.
Dependencies
USD Coin (native Optimism) has no dependencies.
Asset Tokenomics
USDC does not have a supply schedule. USDC on Ethereum is backed 1:1 by USD reserves held with a licensed custodian (Circle). USDC is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.
Things to know about USDC
USDC Pools
