USD Coin (Manta)
USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).
- Manta
- Asset Type: ERC-20
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 Manta Pacific bridge, a protocol rated as Watch out.
USDC is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.
USDC does not have a supply schedule. USDC on Manta is backed 1:1 by USDC locked in the Manta Pacific 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.
Manta Pacific bridge
