Discover the best DeFi opportunities with expert research and risk insights.
USD Coin (Native Polygon PoS)
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).
- Polygon
- Asset Type: ERC-20
- Ranking inside Exponential (among stables): #125
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.
USD Coin (Native Polygon PoS) has no dependencies.
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.
