USDC on Polygon PoS chain is natively issued by Circle and should not be confused with USDC.e, the Ethereum-bridged version of USDC. USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).

USDC

USD Coin (Native Polygon PoS)

Risk Rating

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Blockchain

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Information

USD Coin (Native Polygon PoS) 0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359 USDC on Polygon PoS chain is natively issued by Circle and should not be confused with USDC.e, the Ethereum-bridged version of USDC. USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).

Aave USD Lending

USDC Pools

**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 PoS bridge, a protocol rated as Watch out. 

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

Asset Strength

**USDC** does not have a supply schedule. USDC on Polygon is backed 1:1 by USDC locked in the Polygon PoS bridge protocol on the Ethereum chain. USDC is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.