| CARVIEW |
The world’s largest regulated1 stablecoin powering global finance
Fully backed digital dollars
Redeemable 1:1 for US dollars, USDC enables 24/7 liquidity for near-instant, low-cost global payments.
Built for rapid global payments and 24/7 financial markets, USDC is a regulated digital currency you can redeem 1:1 for US dollars.
Why businesses choose USDC
Near-instant, always-on settlement
Boost capital efficiency and minimize prefunding with real-time transactions.
Regulatory compliance
USDC is the world’s largest regulated stablecoin, issued by Circle.1
Expanded market access
Unlock new markets that were previously unreachable or too costly to serve.
Programmable money
USDC lets you move value as easily as data and build next-gen financial applications.
Accessible to all
Global reach
Available to anyone with an internet connection — all around the world, 24/7.
Local settlement
A network of leading global banks that enable FX settlement with diverse fiat currencies.
For everyone
Providing financial opportunities for people everywhere.
Industry-leading security
- $BUSD in reserves5as ofJanuary 21, 2026
Developer-ready
USDC is natively issued on 30 blockchain networks, and, with CCTP, seamlessly 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 seconds, for you or your customers.
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Worldwide access to digital dollars
Hold, transfer, and transact in USDC from almost anywhere, without relying on traditional banks.
Institutional-grade liquidity
Access, trade, and rebalance USDC at scale any time across chains or borders.
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Learn more about USDC
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. Daily, independent, third-party reporting on the portfolio is publicly available via BlackRock.
Learn more about our approach to transparency.
As of September 25, 2025, USDC is natively supported on 28 blockchain networks: Algorand, Aptos, Arbitrum, Avalanche, Base, Celo, Codex, Ethereum, Hedera, HyperEVM, Ink, Linea, Monad, NEAR, Noble, OP Mainnet, Plume, Polkadot, Polygon PoS, Sei, Solana, Sonic, Starknet, Stellar, Sui, Unichain, World Chain, XDC, XRP Ledger and ZKsync – with more expected in the future.
For more details, see our developer docs.
Circle Mint enables exchanges, institutional traders, banks, and 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.
Individuals and everyday users can access USDC via exchanges, neobanks, and digital wallets. Learn more on USDC.com.
Businesses can apply for a Circle Mint account to exchange US dollars for USDC. When a business deposits USD into its Circle Account, Circle 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.
Similarly, when a business wants to exchange its USDC for US dollars, the 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 exchange, it is the exchange that provides that USDC. If the exchange needs more USDC to fulfill the swap, the exchange will often use its Mint account to mint more USDC.
USDC is a fully reserved stablecoin, which is a type of cryptocurrency designed to maintain steady value. Unlike other cryptocurrencies that fluctuate in price, USDC 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 Circle1, a financial technology company in the private sector, while a CBDC would be issued by a government. While most CBDCs are only in the research phase, USDC 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 networks, with 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 Deloitte, Grant Thornton LLP served as Circle’s independent auditor from 2015.
Our view is that USDC is not a security. In April 2025, the staff of the U.S. Securities and Exchange Commission (SEC) issued a Statement on Stablecoins (the Statement), which confirmed that as described in the Statement, the 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 Dollar, or 'USD,' on a one-for-one basis, can 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 USD, is redeemable 1:1 for USD9, and is 100% backed by highly liquid cash and cash equivalent assets. Information on the reserves backing USDC is made publicly available here 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. Daily, independent, third-party reporting on the portfolio is publicly available via BlackRock. Learn more about our approach to transparency.
- USDC is issued through regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
- USDC lifetime onchain transaction volume as of Jan 23, 2026 7:00 PM.
- September 30, 2024 - September 30, 2025. Retrieved from Q3 2025 quarterly earnings report.
- Based on a competitive comparison analyzing the top 10 stablecoin companies by market capitalization based on CoinMarketCap. A list of Circle’s licenses can be found here.
- 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 Fund, which can contain short-dated US Treasuries, overnight US Treasury repurchase agreements, and cash, is custodied at The Bank of New York Mellon and is managed by BlackRock.
- Circle Ventures, an affiliate of Circle Internet Financial, LLC, has invested in Airtm.
- Circle Ventures, an affiliate of Circle Internet Financial, LLC, has invested in Arf.
- Circle Mint customers are able to redeem USDC directly from Circle. In addition, Circle will redeem all USDC presented to it for redemption in compliance with MiCAR, regardless of whether the holder is a Circle Mint customer. Circle Mint is currently available only to institutions and is not available to individuals.