There is always a non-zero risk that any stablecoin will depeg. USDC is a fully backed stablecoin that is pegged 1:1 to the dollar, making it one of the most secure stablecoins out there. We’re excited by USDC’s stability, trust, and transparency.
Since its inception in 2018, USDC’s issuer Circle has regularly conducted audits, published monthly attestations and weekly reserves breakdowns, and is fully regulated by the NY Department of Financial Services. Circle’s last two audits, for 2020 and 2021, have been published as part of Circle’s SEC filings as they prepare to become a listed public company on the New York Stock Exchange. To learn more about USDC’s security click here.