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
USDC on Floin
Floin supports USDC on Ethereum, Polygon, and Arbitrum. You can easily hold, send, or receive USDC – making it ideal for stable payments, crypto strategies, or digital savings in dollars.
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