USD Coin (Polygon zkEVM)

USDC

USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).

Risk Rating
Best
Summary

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Information
Blockchain
  • Polygon zkEVM
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 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.

Asset Tokenomics

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.

Dependencies

USD Coin (Polygon zkEVM) has no dependencies.

Things to know about USDC

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USDC Pools
Gamma ETH-USD Market Making
11.2%
Yield
$65K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM
Gamma USD Market Making
4.8%
Yield
$21K
TVL
Risk
C
Protocol
Gamma
Chain
Polygon zkEVM

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