Cryptocurrency Q&A
Is USDC owned by the government?
Is USDC owned by the government?
KatanaSharp
Sun May 12 2024
|
7 answers
1639
Could you please clarify for me if USDC is owned by the government? I've heard some rumors that it might be, but I'm not entirely sure. As a cryptocurrency expert, I trust your knowledge in this area. Could you provide some insight into the ownership structure of USDC? Is it a government-issued coin, or is it privately owned and managed? I'm particularly interested in understanding the relationship between USDC and any government entities, if there is any. Thank you for your time and assistance in clearing up this confusion for me.
7 answers
Pietro
Tue May 14 2024
This stability is achieved by pegging its value to the United States dollar.
Was this helpful?
352
69
Carlo
Tue May 14 2024
The management and issuance of USD Coin are entrusted to Circle.
Was this helpful?
57
28
Dario
Tue May 14 2024
USD Coin, also known as USDC, is a unique type of digital asset.
Was this helpful?
92
94
SeoulStyle
Tue May 14 2024
It is important to distinguish USDC from central bank digital currencies (CBDCs).
Was this helpful?
195
84
Isabella
Tue May 14 2024
CBDCs are issued by central banks, while USDC is a private initiative.
Was this helpful?
314
22
Load 5 more related questions
