Topic guide · high mechanism risk

USDC Guides & Concepts

USDC is a fiat-referenced stablecoin with issuer, reserve, banking, and redemption dependencies.

USDC vs USDT: Issuance, Reserves, and Redemption Risks

USDC and USDT differ in issuer arrangements, reserve disclosures and direct-redemption conditions. Both reference the US dollar, but a similar market price does not give every holder the same rights, costs or access to dollars.

Updated 2026-10-28

market-literacy

USDC Price Stability: Peg Mechanics and Depegging Risks

USDC is designed around a one-dollar reference and redemption framework, not an appreciation target. Its market price can diverge from that reference when liquidity, banking access or confidence in the conversion process changes.

Updated 2026-10-28

explainer

What Is USDC?

USDC is a dollar-referenced stablecoin issued through Circle's relevant entities and supported by disclosed reserve arrangements. It can move on supported blockchains, but the token is not the same as a bank deposit or a Circle Mint account.

Updated 2026-10-28