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USD Coin (Native Arbitrum)

USDC

USDC is the native version of USDC on Arbitrum chain issued by Circle. USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).

Risk Rating
Best
$1.00
0.00%
What is USD Coin (Native Arbitrum)?
Information
Blockchain
  • Arbitrum
Key Metrics
  • Market Cap: $72.3B
  • Fully Diluted Valluation: $72.3B
  • FDV / MC: 1
  • Ranking inside Exponential (among stables): #2
  • Circulating Supply: 72,282,278,333
  • Total Supply: 72,287,918,230
  • Volume (24H): $14.3B
  • ATH: $1.17 (05/08/2019)
  • ATL: $0.88 (03/11/2023)
Risk Assessment
Best
Asset Strength

USDC is a large-cap, fully collateralized asset. This asset depends on a centralized entity for custody services.

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

Dependencies

USD Coin (Native Arbitrum) has no dependencies.

Asset Tokenomics

USDC does not have a supply schedule. USDC on Arbitrum is a native stablecoin issued by Circle. 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
USDC Pools
GMX ETH-USD Market Making
26.5%
Yield
$102M
TVL
Risk
B
Protocol
GMX V2
Chain
Arbitrum
GMX BTC-USD Market Making
8.6%
Yield
$89M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
Uniswap ETH-USD Market Making
87.3%
Yield
$88M
TVL
Risk
B
Protocol
Uniswap V3
Chain
Arbitrum
Aave USD Lending
4.4%
Yield
$46M
TVL
Risk
A
Protocol
Aave V3
Chain
Arbitrum
Fluid USD Lending
7.8%
Yield
$38M
TVL
Risk
A
Protocol
Fluid
Chain
Arbitrum
GMX LINK-USD Market Making
19.5%
Yield
$11M
TVL
Risk
B
Protocol
GMX V2
Chain
Arbitrum
GMX SOL-USD Market Making
22.2%
Yield
$10M
TVL
Risk
C
Protocol
GMX V2
Chain
Arbitrum
Revert USD Lending
8.5%
Yield
$6M
TVL
Risk
B
Protocol
Revert Lend
Chain
Arbitrum
Compound USD Lending
5.2%
Yield
$3M
TVL
Risk
A
Protocol
Compound V3
Chain
Arbitrum
GMX ARB-USD Market Making
16.3%
Yield
$2M
TVL
Risk
B
Protocol
GMX V2
Chain
Arbitrum