USD Coin (native Base)

• Base

• Asset Type: ERC-20

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.

USD Coin (native Base) has no dependencies.

USDC does not have a supply schedule. USDC on Base is backed 1:1 by USDC locked in the Base bridge on the Ethereum chain. 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.