What is the name of the USD coin?

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BlackRock, a global investment management corporation, manages the USDC Circle Reserve Fund. With its expertise in managing large-scale assets, BlackRock ensures that the fund is well-managed and that the assets backing USDC are securely held.

The cash component of the USDC backing is held in segregated accounts with U.S.-regulated financial institutions. This means that the funds are kept separate from other assets and are subject to strict regulatory oversight, providing additional protection for USDC holders.

USD Coin (USDC) is a digital asset designed to maintain a stable value relative to the U.S. dollar. It achieves this stability by being fully backed by the U.S. dollar and U.S. Treasury instruments, ensuring that each USDC in circulation is supported by a corresponding amount of these assets.

Despite being pegged to the U.S. dollar, it is important to note that the U.S. government does not issue USDC. Instead, it is a privately issued stablecoin, with its value and stability maintained through the careful management of its underlying assets.