Ihor Kyvliuk
Ihor Kyvliuk
  • Updated

What is Stellar USDC?
USDC is a digital dollar asset issued by Circle. USDC is available on the Stellar blockchain. USDC is always redeemable 1:1 for U.S. dollars.

USDC is the fastest-growing stablecoin in the industry. It is managed by Center and audited monthly by the accounting services firm Grant Thornton LLP.

What are the benefits of USDC?
Vibrant users now have access to a best-in-class stablecoin.

Not only is USDC regulated by US financial institutions, and backed by dollar reserves, but today there are over 5 billion USDC in circulation. This combination of US financial backing, circulation volume, and interoperability potential makes USDC the world's leading dollar stablecoin. Its main attributes include:

  1. Reliability: The stablecoin USDC is backed by dollar reserves guarded by financial institutions in the United States.
  2. Transparency: USDC is issued by Circle, part of Center, a partnership between Circle and Coinbase, and is audited monthly by accounting services firm Grant Thornton LLP.
  3. No limits: There are no monthly restrictions on buying USDC
  4. More efficient than paper money: USDC's digital nature makes it easier to store and steward than cash.

How secure is USDC?
Vibrant is built to keep your balance secure. Both the digital wallet, Vibrant, and USDC are built on the Stellar blockchain protocol, and only you have control over the balance in your wallet. Additionally, your USDC balance is backed by dollar reserves in US financial institutions.

USDC is one of the world's leading dollar stablecoins, with USD 26 billion in circulation as of September 29, 2023.

It is issued by Circle, part of Center a partnership between Circle and Coinbase, which is audited monthly by accounting firm Grant Thornton LLP.

Unlock the power of the digital dollar and take control of your financial journey! Visit vibrantapp.com for the latest Vibrant news.

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