USDC
USDC
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
USD Coin (USDC) Overall Evaluation
USDC is a fiat-backed stablecoin managed by the Centre Consortium (Circle & Coinbase). It delivers on its core promise of 1:1 USD parity through rigorous monthly attestations, multi‐chain support, and deep liquidity on major CEXs and DEXs. Its smart contracts have undergone repeated high-profile audits and exhibit no major security incidents.
Strengths
- Highly transparent reserve attestations and third-party audits
- Deep liquidity and broad multi-chain interoperability
- Key collateral asset in DeFi, enterprise treasury, and remittances
Weaknesses & Risks
- Centralized issuance with freeze/blacklist powers and upgradeable contracts
- Limited open-source development velocity and lack of on-chain governance
- Potential regulatory pressures and counterparty trust reliance
Conclusion: As a stable, compliant, and secure on-chain dollar substitute, USDC excels in utility but offers no appreciation upside and carries centralized counterparty risk.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About USDC (USDC)
USD Coin (USDC)
USD Coin (USDC) is a fully collateralized stablecoin pegged 1:1 to the US dollar and governed by the Centre Consortium (Circle and Coinbase). It provides a transparent, secure, and interoperable digital dollar for payments, remittances, and DeFi applications.
Key Features
- Fiat-backed reserves: Each USDC is backed by an equivalent US dollar or short-term US Treasury assets.
- Regular attestations: Monthly reserve attestations from independent accounting firms ensure transparency.
- Multi-chain support: Available on Ethereum (ERC-20), Algorand (ASA), Solana (SPL), Stellar, Tron and more.
- Smart contract compatibility: Easily integrated into DeFi protocols for lending, staking, trading, and programmable transactions.
Technical Details
- Token Name: USD Coin
- Symbol: USDC
- Standards: ERC-20, ASA, SPL, Stellar, TRC-20
- Issuer: Centre Consortium
Common Use Cases
- Stable-value payments and remittances
- Decentralized finance (lending, borrowing, liquidity provision)
- Tokenized asset settlements
- Treasury and cash management in blockchain ecosystems
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