Gnosis xDAI Bridged USDC (Gnosis) (USDC)

Gnosis xDAI Bridged USDC (ticker: USDC) is a regulated and fully reserved stablecoin pegged to the US dollar. It was launched to become a critical building block in creating a new financial system. USDC provides users worldwide with easy access to US dollars and other currencies, offering the benefits of cryptocurrencies such as fast, reliable, secure, and programmable exchange of value. USDC has established itself as one of the most widely adopted and trusted digital dollars, enabling millions of users to access and move money at scale quickly. With growing regulatory clarity, Circle, the issuer of USDC, and Coinbase have agreed to consolidate governance responsibilities and work together further to develop the USDC ecosystem.

USDC is designed to be usable 24/7, widely available, stable, and backed 1:1 with transparent and safe reserves. USDC is launching six new blockchains between September and October as part of its commitment to growing the ecosystem. This expansion aims to accelerate USDC’s momentum with developers worldwide and better serve businesses, applications, and developer communities that choose USDC as their on-chain dollar. Additionally, Circle and Coinbase have reached a new agreement where Coinbase will take an equity stake in Circle. This enhances their strategic and economic alignment and demonstrates Coinbase’s commitment to the long-term success of stablecoins and the USDC ecosystem.

The collaboration between Circle and Coinbase signifies the next chapter in the evolution of USDC. It reflects their joint belief in the real-world utility of stablecoins and their ability to make the global financial system more open and inclusive. By unlocking additional value and fostering the growth of the USDC ecosystem, Circle and Coinbase aim to increase economic opportunity and prosperity worldwide. The launch of USDC on new blockchains and the streamlined governance structure will contribute to the continuous development and adoption of USDC as a trusted digital dollar in the evolving crypto economy.