USD Coin (Manta)
USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).
Ready to earn 15% yield or more with Exponential ?
- Manta
- Market Cap: $3.1M
- Fully Diluted Valluation: $3.1M
- FDV / MC: 1
- Ranking inside Exponential (among stables): #42
- Circulating Supply: 3,145,671
- Total Supply: 3,145,671
- Volume (24H): $587K
- ATH: $1,087.21 (11/04/2023)
- ATL: $0.89 (08/05/2024)
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.
Manta Pacific bridge
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.