USD Coin (Scroll)
USDC
USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).
Risk Rating
Best
Summary
Information
Blockchain
- Scroll
Info
- Asset Type: ERC-20
Key Metrics
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 Scroll 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.
Asset Tokenomics
USDC does not have a supply schedule. USDC on Scroll is backed 1:1 by USDC locked in the Scroll bridge protocol on Ethereum. USDC 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.
Dependencies
Scroll bridge
Things to know about USDC
USDC Pools
