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Introducing USDC

Unlock the benefits of the cryptoeconomy and earn rewards by simply holding USDC with  Coinbase. 


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What is USDC?

USDC is a type of cryptocurrency that is referred to as a fiat-backed stablecoin, meaning it is backed by reserve assets in the traditional financial system, such as cash, cash equivalents, or securities. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars.

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USDC maintains a stable value during times of volatility

USDC is designed to be pegged to the US dollar and redeemable on a 1:1 basis.

Dollar with arrows circling it

USDC is fully backed by reserve assets

Each USDC is backed by one dollar or an asset with equivalent fair value, which is held in accounts with US-regulated financial institutions.

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USDC runs on multiple blockchains

USDC is available natively on eight blockchains: Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow and Hedera.

USDC

Earn 3.50% rewards on USDC

USDC rewards are exclusively available to Coinbase One members, with plans starting at £4.99/month.


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USDC unlocks the benefits of the cryptoeconomy

Consumers

USDC is the primary token that powers your everyday finances in web3 and streamlines access the world of decentralized finance: earn rewards, trade for more tokens, and make cheaper, faster payments.

Businesses

Participate in global crypto markets, price assets in a common currency, settle almost instantaneously and retain assets on-chain with less exposure to volatility.

Developers

Build for the USDC standard with the dollar for the digital age. USDC can easily be integrated into your app or dapp for more liquidity and interoperability.

Frequently asked questions

How do I know USDC will hold its value?

Known as a fiat-backed stablecoin, USDC is backed by high-quality reserves and with transparent, monthly attestations. Every USDC is 100% backed by cash and short-dated U.S. Treasuries held in regulated U.S. financial institutions. Learn more here.

What does it mean to be a programmable dollar?

Being programmable unlocks a whole new world of applications and businesses: developers can create accounts to store money with one line of code; lending that is faster, cheaper and more transparent; faster and cheaper payments, including payroll; global crowdfunding; transparent and stable donations to charity.

Why did Coinbase participate in building USDC?

Our mission is to build an open financial system for the world. As part of this mission, we want everyone to enjoy the stability of the world’s fiat currency, the US dollar. USDC allows unbanked and under-banked individuals in any country to hold a US dollar-backed asset with nothing more than a mobile phone.

Are USDC divisible to the cent like a dollar?

Yes, you can hold as little as 0.000001 worth of USDC.

Is USDC an Ethereum token?

USDC lives natively on 10 blockchains – Ethereum, Solana, Avalanche, TRON, Algorand, Stellar, Flow, Hedera, Base and Optimism – with more native integrations expected this year and beyond. USDC has also been bridged to Polygon, Fantom, NEAR, Arbitrum, the Cosmos ecosystem and many more emerging blockchains.

Can I stake USDC? How does USDC staking work?

You cannot stake USDC, but customers in certain regions may be eligible to earn rewards on USDC. You can learn more about USDC rewards here, and more about staking other assets here.

USDC Rewards

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3.50% APY*

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*Availability subject to location

Coinbase does not intend for the reward-bearing products described herein to constitute a securities offering, and purchasing these products is not the same as investing in a securities offering.

Products and features may not be available in all regions.


1 The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.


2 Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and may vary by region. Please check the latest list of eligible regions here. Customers will be able to see the latest applicable rates directly within their accounts.