About USD Coin
USDC is a fully collateralized US dollar stablecoin, an Ethereum powered coin. USDC provides a fully collateralized US dollar stablecoin, and is based on the open source asset-backed stablecoin framework developed by CENTRE, which is founded by Circle and Coinbase. CENTRE believes that a price-stable currency such as the US dollar (and similar stable currencies such as EUR, GBP, JPY, RMB, etc.) is critical for enabling mainstream adoption of blockchain technology for payments, as well as to support maturation in financial contracts built on smart contract platforms, such as tokenized securities, loans, and property.