USD Coin (Polygon zkEVM)
USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).
- Polygon zkEVM
- 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 Polygon zkEVM 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.
USDC does not have a supply schedule. USDC on Polygon zkEVM is backed 1:1 by USDC locked in the Polygon zkEVM 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.
USD Coin (Polygon zkEVM) has no dependencies.
