USDC is a fully-reserved dollar stablecoin issued by Circle, a US-based regulated financial technology company. Backed 100% by cash and short-term US Treasury bonds, with monthly attestations by Deloitte. The most widely integrated stablecoin across DeFi and CeFi platforms.
Market Cap
$72.76B
Peg Deviation
+0.011%
Regulatory Grade
A+
Regulatory Score
92/100
Issuer & Reserve Details
Issuer
Circle
Issuer Type
Centralized
Treasury Transparency
Audited Reports
Backing Type
Fiat & T-Bills
Reserve CompositionCash deposits at regulated US banks + short-dated US Treasury securities. Monthly attestation by Deloitte. Reserves held at BNY Mellon and BlackRock-managed Treasury fund (Circle Reserve Fund, USDXX).
Peg MechanismDirect 1:1 redemption with Circle. Arbitrageurs maintain peg on secondary markets.
Regulatory Scorecard
GENIUS READYCLARITY COMPLIANT
Reserve CompositionAll reserves in GENIUS Act permitted assets
Compliant20/20
Audit & TransparencyMonthly audits by Deloitte
Compliant17/20
Redemption Rights≤2 Business Days redemption
Compliant15/15
Issuer LicensingState Licensed (Multiple US state money transmitter licenses)
Partial10/15
Consumer ProtectionConsumer protections in place
Compliant15/15
CLARITY ClassificationPermitted payment stablecoin classification
Compliant15/15
Reserve Assets
Cash & Bank Deposits, T-Bills (≤93 days)
Audit Frequency
Monthly by Deloitte
Redemption
≤2 Business Days+ Fiat
License
State Licensed
Multiple US state money transmitter licenses
Classification
Permitted Payment Stablecoin
Backing Ratio
100% (Segregated)
Top Yields for USDC
Source: DeFiLlama
| Platform | Chain | Type | Yield Source | APY | TVL | Safety | Links |
|---|---|---|---|---|---|---|---|
 uniswap-v4 |  Base | DeFi | Unknown | 98.32% | $103,047 | D · 43 | |
 orca-dex |  Solana | DeFi | Unknown | 97.70% | $184,545 | D · 42 | |
 gmx-v2-perps |  Arbitrum | DeFi | Unknown | 97.65% | $3.6M | D · 47 | |
 berapaw |  Berachain | DeFi | Unknown | 94.76% | $109,467 | F · 35 | |
 steer-protocol |  Polygon | DeFi | Unknown | 92.98% | $143,794 | D · 42 | |
 aerodrome-slipstream Audited | Base | DeFi | LP Fees | 92.90% | $543,702 | C · 61 | |
 beefy |  Monad | DeFi | Unknown | 92.59% | $488,319 | F · 35 | |
aerodrome-slipstream Audited | Base | DeFi | LP Fees | 91.38% | $117,936 | C · 61 |
Audit & Attestation History
No audit records available
Disclaimer: Compliance scores are for informational purposes only and do not constitute financial or legal advice. Regulatory scores are based on the GENIUS Act (S.1582) and CLARITY Act (H.R.3633) frameworks using publicly available information. The GENIUS Act takes effect no later than January 18, 2027. Always conduct your own research.
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