USDC company info

What does USDC do?
USD Coin (CRYPTO:USDC) is a stablecoin pegged to the US dollar at a 1:1 ratio. It is a fully backed stablecoin that holds US dollar asset reserves in regulated US financial institutions. USDC is compatible with a number of different blockchains, including Ethereum, Algorand, Solana, Stellar, and TRON. USDC is the second largest stablecoin ecosystem and the fifth largest cryptocurrency by market capitalization. It is used for a variety of purposes, such as portfolio balancing, hedging against volatility, pricing in fiat currency, fast international remittances, peer-to-peer (P2P) payments, and payment interoperability across different blockchains. In August 2023, Coinbase acquired a minority stake in Circle, the company that issues USDC. This acquisition is seen as a way for Coinbase to strengthen its ties to the stablecoin market. USDC has also entered a number of notable partnerships, including Visa, Mastercard, and Twitter.
USDC company media
Company Snapshot

How many people does USDC employ?

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Employees
1157

What is the market cap for USDC?

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Market Cap
$33.28B

Where is the head office for USDC?

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Head Office
Boston, Massachusetts

What year was USDC founded?

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Year Founded
2018
What does USDC specialise in?
/Arbitrum Ecosystem /Asset-Backed Stablecoin /BNB Chain /Coinbase Ventures Portfolio /Fantom Ecosystem /Hedera Hashgraph Ecosystem /Medium of Exchange /Moonriver Ecosystem /Optimism Ecosystem /Stablecoin /USD Stablecoin

What are the products and/or services of USDC?

Overview of USDC offerings
Fast international remittances: USDC can be used to send and receive money internationally quickly and cheaply.
Hedging against volatility: USDC can be used to hedge against the volatility of other cryptocurrencies.
Payment interoperability across different blockchains: USDC is compatible with a number of different blockchains, making it easy to move USDC between different exchanges and wallets.
Peer-to-peer (P2P) payments: USDC can be used to make peer-to-peer payments without the need for a third party.
Portfolio balancing: USDC can be used to balance a cryptocurrency portfolio by providing a hedge against volatility.
Pricing in fiat currency: USDC can be used to price goods and services in fiat currency, making it easier for businesses to accept cryptocurrency payments.