USDC

USDC is a stablecoin issued by Circle and pegged 1:1 to the US dollar. One USDC is designed to maintain the value of one US dollar. Every token in circulation is backed by cash or short-term U.S. Treasury securities and is covered by monthly independent attestations. On 8lends, all investments, interest payments, and principal repayments are made in USDC, combining the stability of the US dollar with the speed and programmability of blockchain transactions.