USD Coin (native Base)
USDC
USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).
Risk Rating
Best
Summary
Information
Blockchain
- Base
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.
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 Base is backed 1:1 by USDC locked in the Base bridge on the Ethereum chain. 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
USD Coin (native Base) has no dependencies.
Things to know about USDC
USDC Pools
