Supply snapshot: 2026-09-14. API captured 2026-09-14 12:10:59 UTC. Price-update time is not supplied by the provider. Selected document fields reviewed 2026-09-12; other fields need review.
OVERVIEW
What is USDC?
USD Coin (USDC) is a USD-denominated fiat-backed stablecoin associated with Circle. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
ISSUER / OPERATORCircle
BACKING MODELCash, short-dated Treasuries and overnight Treasury repo
REDEMPTION ROUTEDirect via Circle Mint
DOCUMENT REVIEW / 2026-09-12
What the sources establish.
Reserve disclosure and assurance run on different clocks
Circle describes weekly reserve and mint/burn disclosures alongside monthly third-party assurance. Its reserve fund holds liquid government-market assets, with additional cash at banks. This review checks the described structure and reporting cadence, not the latest reserve balance or a guarantee that every holder has the same redemption route.
Read the source ↗01 / ISSUER & STRUCTURE
What supports the unit.
- ISSUER
- Circle Not field-reviewed
- UNIT
- USD Not field-reviewed
- ISSUANCE MODEL
- Fiat-backed Not field-reviewed
- YIELD PROFILE
- No Not field-reviewed
- REGULATORY POSTURE
- US / MiCA Not field-reviewed
- REDEMPTION
- Direct via Circle Mint Not field-reviewed
02 / INTERPRETATION
How to read this record.
Only fields with their own dated source link were checked in the latest document review. Other descriptions remain historical reference material, even when a general source link is available.
Market cap is estimated as dated token supply multiplied by the USD price captured from the API. The two inputs are not guaranteed to be simultaneous. Supply change compares exact 30-day history points in token units, not dollar value or investment return. Network counts include tracked bridges.
03 / QUESTIONS
Common questions about USDC.
What is USDC?
USD Coin (USDC) is a USD-denominated fiat-backed stablecoin associated with Circle. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
Who issues USDC?
The Stablrcoin record identifies Circle as the issuer, operator or governing organization associated with USD Coin. The exact legal role can differ between company-issued tokens and decentralized protocols, so the linked primary source remains authoritative.
What backs USDC?
The directory describes the reserve or collateral model as Cash, short-dated Treasuries and overnight Treasury repo. That field has a dated source in the document review from 2026-09-12.
Can USDC be redeemed?
The recorded redemption route is: Direct via Circle Mint. The route has not been individually verified in the latest document review. Eligibility, minimums, settlement windows and fees can still depend on the issuer, account type and jurisdiction.
Does USDC pay yield?
The listed yield profile is No. Yield from a separate wrapper, savings product or protocol position is not the same as yield built into the stablecoin itself and can introduce additional risks.