USD Coin (USDC) is a stablecoin – a digital token pegged 1:1 to the US dollar. For every USDC in circulation, one actual US dollar is held in reserve. It was created by Circle and is one of the most trusted and widely used stablecoins in the crypto space.
How does USDC work?
Each USDC token is backed by a real dollar, stored in regulated financial institutions. This ensures that the price of USDC remains stable and predictable. USDC is available on several blockchains, including Ethereum, Polygon, and Arbitrum.
The reserves are regularly audited, and Circle publishes monthly reports, making USDC one of the most transparent stablecoins available.
What is USDC used for?
- Sending and receiving digital dollars globally – 24/7
- Stable savings in crypto portfolios
- DeFi applications, such as lending or yield farming
- Trading without exposure to volatility
Stablecoin (EMT) Notice
Effective 2 March 2026, transfer services for stablecoins (EMTs) have been discontinued on Floin.
Deposits, withdrawals, and any sending or receiving to or from external wallets are not supported.
Stablecoins can only be acquired as part of an on-ramp transaction (exchange of fiat funds into crypto-assets) or disposed of as part of an off-ramp transaction (exchange of crypto-assets into fiat funds or other crypto-assets), in each case with Floin AG acting as the sole transaction counterparty.
EMTs are offered exclusively in connection with exchange services. Floin does not provide payment accounts or any other payment services in relation to EMTs.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article