How to Be Stable

Circle Internet Financial has consistently aimed to position USD Coin (USDC) as a highly transparent and trusted digital dollar currency. USDC is fully backed by U.S. dollar-denominated assets, including cash and short-dated U.S. Treasuries, managed by reputable financial institutions like BlackRock and Bank of New York Mellon. Circle publishes monthly attestations from global accounting firms to confirm that USDC reserves match the number of coins in circulation, and they undergo annual audits as part of their SEC filings, aligning with their ambitions to list on the New York Stock Exchange. USDC issuance is regulated under U.S. state money transmission laws, and Circle provides detailed reporting on its minting and redemption activities, with plans to increase the frequency of these updates. Customers can exchange USDC for U.S. dollars on major digital asset exchanges, supporting its use in over 190 countries with a substantial 24-hour trading volume.