USDC
USDC
USDC is a native asset to Avalanche issued by Circle. USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).
Risk Rating
Average
What is USDC?
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Blockchain
- Sui
Info
- Asset Type: sui
Key Metrics
Risk Assessment
Average
Asset Strength
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 Portal (Wormhole) 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.
Dependencies
Asset Tokenomics
USDC does not have a supply schedule. USDC on Ethereum 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
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