USD Coin (Linea)
USDC
USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).
Risk Rating
Good
What is USD Coin (Linea)?
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Information
Blockchain
- Linea
Info
- Asset Type: ERC-20
Key Metrics
Risk Assessment
Good
Asset Strength
USDC.e 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 Linea bridge, a protocol rated as Good.
USDC.e is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.
Dependencies
Linea bridge
Asset Tokenomics
USDC.e does not have a supply schedule. USDC.e on Linea is backed 1:1 by USDC locked in the Linea 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.
Things to know about USDC.e
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