USD Coin (native Optimism)

• Optimism

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• Asset Type: ERC-20

• Market Cap: $42.9B
• Fully Diluted Valluation: $42.9B
• FDV / MC: 1
• Ranking inside Exponential (among stables): #2
• Circulating Supply: 42,911,286,395
• Total Supply: 42,911,673,947
• Volume (24H): $5.1B
• ATH: $1.17 (05/08/2019)
• ATL: $0.88 (03/11/2023)

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.

USD Coin (native Optimism) has no dependencies.

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.