What it means
A dollar stablecoin issued by Circle: one USDC is meant to be worth one US dollar, backed by dollar reserves.
USDC is one of the most used stablecoins in the world, and Circle publishes regular reports on its reserves.
How it works
In Defied, USDC is your digital dollar balance. You can send it, or exchange it for EURC in one step.
Related terms
| Term | What it means |
|---|---|
| Stablecoin | A token on a blockchain designed to keep a steady value, usually one dollar or one euro, backed by reserves. |
| EURC | A euro stablecoin issued by Circle: one EURC is meant to be worth one euro, backed by euro reserves. |
| MiCA | Markets in Crypto-Assets: the EU's rulebook for crypto-assets and the companies that issue or handle them, in force since 2024. |
This glossary explains terms in general. It isn't investment, tax or legal advice.