USD Coin.E (USDC.E)

USD Coin.E (USDC.E) is a digital stablecoin that aims to connect people, merchants, financial services, and currencies worldwide. It was founded in 2018 by Coinbase and Circle, and its mission is to provide governance and standards for the future digital financial ecosystem. As one of the largest stablecoins in the market, USDC.E is backed by fiat currency, providing users with a layer of trust and transparency in a digital payment landscape.

The Centre software implementation, managed by an independent organization dedicated to this purpose, ensures the decentralized nature of USD Coin.E. This implementation supports global developer contributions and offers protocols for currency transmittal, trust and identity decisions, settlement rules, and secure KYC/AML exchange. It is built on proven intellectual property and is currently in production, serving millions of customers.

USD Coin.E is a dollar digital currency available on multiple blockchain platforms, including Ethereum, Algorand, Avalanche, Flow, Hedera, Solana, Stellar, and TRON. It is issued by regulated and licensed financial institutions that maintain an equivalent amount of fiat currency in reserves. The Verite identity protocols, an open-source and decentralized solution, enhance trust, privacy, and risk mitigation for individuals and institutions participating in the global crypto financial ecosystem. Centre strives to embody transparency by publishing monthly reports on the total USDC in circulation, assuring users that USDC is always 100% redeemable for dollars.