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Axelar Wrapped USDC (Base)
axlUSDC
axlUSDC is a wrapped, multi-chain representation of USDC.
Risk Rating
Average
$1.00
-2.57%
What is Axelar Wrapped USDC (Base)?
Information
Blockchain
- Base
Key Metrics
- Market Cap: $64.7K
- Fully Diluted Valluation: $64.7K
- FDV / MC: 1
- Ranking inside Exponential (among stables): #56
- Circulating Supply: 64,899
- Total Supply: 64,899
- Volume (24H): $23.5K
- ATH: $1.05 (10/16/2025)
- ATL: $0.82 (10/10/2025)
Risk Assessment
Average
Asset Strength
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.
Dependencies
Axelar
Asset Tokenomics
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.
Things to know about axlUSDC
axlUSDC Pools
