USDC on Unichain 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.
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.
USDC has no dependencies.
USDC does not have a supply schedule. USDC on Unichain 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.