axlUSDC is a wrapped, multi-chain representation of USDC.

axlUSDC

Axelar Wrapped USDC (Base)

$1.00

Risk Rating

green

Best

Blockchain

* [Reddit](https://www.reddit.com/r/axelar) 
* [Website](https://axelar.network/) 
* [Twitter](https://twitter.com/axelarcore) 
* [Community](https://snowtrace.io/token/0xfab550568c688d5d8a52c7d794cb93edc26ec0ec) 
* [Discord](https://discord.com/invite/axelar) 
* [Telegram](https://t.me/axelarcommunity) 
* Asset Type: ERC-20

Info

* Fully Diluted Valluation: $59.2M 
* Total Supply: 59,300,000 
* Volume (24H): $8M 
* ATH: $1.23 (08/04/2022) 
* ATL: $0.86 (03/11/2023)

Key Metrics

Information

Axelar Wrapped USDC (Base) 0xeb466342c4d449bc9f53a865d5cb90586f405215 axlUSDC is a wrapped, multi-chain representation of USDC.

crvUSD

USDbC

Beefy USD Market Making

axlUSDC Pools

**axlUSDC** 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 Satellite (Axelar), a protocol rated as Watch out. 

**axlUSDC** is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.

Asset Strength

**axlUSDC** has an uncapped supply but has inflation control or burn mechanisms in place. axlUSDC on Base is backed 1:1 by USDC locked in an Axelar Gateway on Ethereum. USDC is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1. 