USDC is natively issued on 34 blockchain networksandwith CCTPseamlessly moves between subsets of these blockchains. It’s built on open protocols with a supporting suite of APIs and SDKs.
Fueling financial opportunities
USDC enables businesses to offer payment connectivity and dollar-backed financial services to more people in more places.
24/7 real-time money movement
Enable low-cost payments around the world that can settle in secondsfor you or your customers.
USDC is 100% backed by highly liquid cash and cash-equivalent assets stored in transparently managed reserves with independent attestations conducted by a Big Four accounting firm.
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Collaborating with regulators
Circlethe issuer of USDC1actively engages in policy discussionsadheres to regulatory frameworksand obtains necessary licenses to maintain compliance and transparency in its operations.
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Build with USDC
USDC is programmable money built for global accessibility and crosschain interoperabilityunlocking new opportunities for your business.
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FAQs
USDC is a digital dollar backed 100% by highly liquid cash and cash-equivalent assets and is redeemable 1:1 for US dollars. The majority of the USDC reserve is invested in the Circle Reserve Fund (USDXX)an SEC-registered 2a-7 government money market fund. Dailyindependentthird-party reporting on the portfolio is publicly available via BlackRock.
Circle Mint enables exchangesinstitutional tradersbanksand large financial institutions to directly redeem USDC 1:1 for USD from Circle. Mint is not available to individuals or small businesses.
Startups and small businesses can access USDC via on/offramp providers in the Circle Alliance Program. Learn more about CAP or go right to the CAP directory to find a provider.
Businesses can apply for a Circle Mint account to exchange US dollars for USDC. When a business deposits USD into its Circle AccountCircle issues the equivalent amount of USDC to the business. The process of issuing new USDC is known as “minting” as new digital dollars are created and put into circulation.
Similarlywhen a business wants to exchange its USDC for US dollarsthe business can deposit USDC into their Mint account and request to receive US dollars. This process of redeeming USDC is known as “burning” as this process takes USDC out of circulation.
When everyday users swap US dollars for USDC on a digital asset exchangeit is the exchange that provides that USDC. If the exchange needs more USDC to fulfill the swapthe exchange will often use its Mint account to mint more USDC.
USDC is a fully reserved stablecoinwhich is a type of cryptocurrency designed to maintain steady value. Unlike other cryptocurrencies that fluctuate in priceUSDC is designed to maintain price equivalence to the US dollar. USDC is redeemable 1:1 for US dollars while benefiting from the speed and security of blockchain technology.
USDC is issued through regulated affiliates of Circle1a financial technology company in the private sectorwhile a CBDC would be issued by a government. While most CBDCs are only in the research phaseUSDC exists today and is widely used by millions of people around the world. Circle has developed the technology to enable USDC to run on public blockchain networkswith open-source and private market innovation driving rapid progress in digital dollar currency models. Read more about Circle’s insights on the Federal Reserve’s CBDC discussion.
Deloitte & Touche LLP is Circle’s independent auditor and has audited Circle’s financials since fiscal year 2022. Prior to DeloitteGrant Thornton LLP served as Circle’s independent auditor from 2015.
Our view is that USDC is not a security. In April 2025the staff of the U.S. Securities and Exchange Commission (SEC) issued a Statement on Stablecoins (the Statement)which confirmed that as described in the Statementthe offer and sale of “Covered Stablecoins” in the manner described in the Statement does not constitute the offer and sale of securities under the Securities Act of 1933 or the Securities Exchange Act of 1934.
Our view is that USDC is a Covered Stablecoin. The Statement on Stablecoins defines “Covered Stablecoins” as those which are "designed to maintain a stable value relative to the United States Dollaror 'USD,' on a one-for-one basiscan be redeemed for USD on a one-for-one basis (i.e.one stablecoin to one USD)and are backed by assets held in a reserve that are considered low-risk and readily liquid with a USD-value that meets or exceeds the redemption value of the stablecoins in circulation.
Our view is that USDC is a "covered stablecoin" as it is designed to maintain a stable value relative to the USDis redeemable 1:1 for USD9and is 100% backed by highly liquid cash and cash equivalent assets. Information on the reserves backing USDC is made publicly available with monthly third-party assurances that the value of the reserves meets or exceeds the value of USDC in circulation.
USDC is a digital dollar backed 100% by highly liquid cash and cash-equivalent assets and is redeemable 1:1 for US dollars.6 The majority of the USDC reserve is invested in the Circle Reserve Fund (USDXX)an SEC-registered 2a-7 government money market fund. Dailyindependentthird-party reporting on the portfolio is publicly available via BlackRock. Learn more about our approach to transparency.
USDC is backed by the equivalent value of US dollar denominated assets held as reserves for the benefit of USDC holders. Cash is held at regulated financial institutions. The portfolio of the Circle Reserve Fundwhich can contain short-dated US Treasuriesovernight US Treasury repurchase agreementsand cashis custodied at The Bank of New York Mellon and is managed by BlackRock.
Circle Venturesan affiliate of Circle Internet FinancialLLChas invested in Airtm.
Circle Venturesan affiliate of Circle Internet FinancialLLChas invested in Arf.
Circle Mint customers are able to redeem USDC directly from Circle. In additionCircle will redeem all USDC presented to it for redemption in compliance with MiCARregardless of whether the holder is a Circle Mint customer. Circle Mint is currently available only to institutions and is not available to individuals.
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