What is usdc and how does it work?

USDC is the brainchild of CENTRE, an open source technology project bootstrapped by contributions from Circle and Coinbase. This organization will be responsible for governing USDC and is dedicated to connecting every person, merchant, financial institution and currency, everywhere. Learn more about CENTRE.

What is everywhere (USDC)?

Everywhere. Founded by Coinbase and Circle in 2018, the mission is to provide the governance and standards for the future digital financial ecosystem. We began by launching US Dollar Coin (USDC), a fiat-backed stablecoin and now the second largest stablecoin on the market.

What is centre (cent)?

It was launched in 2018 and is backed by the CENTRE Consortium, a partnership between Circle and Coinbase, two well-funded and well-known cryptocurrency brands. The coin is meant to help stabilize volatile crypto prices and compete with Tether (USDT), a competing stablecoin embroiled in controversy.

Is circle the only issuer of USDC?

Circle remains the sole issuer of USDC. Any other token claiming to be, or to be affiliated with, USDC or its members is not supported by Centre and Coinbase or redeemable by Circle. Please be vigilant for bad actors' scams & phishing attempts that encourage you to interact with unsupported assets on the ETH PoW chain.