Circle’s USD Coin ()

The world’s second-largest stablecoin by market capitalization is Circle’s USD Coin (USDC) and has already begun to make a bid to enter capital markets with new partner BlackRock’s backing.

a stablecoin created to be secured one-to-one with USD (1 USDC = $1 USD)

“USDC is a stablecoin created to be secured one-to-one with USD (1 USDC = $1 USD).

a stablecoin, which means a stablecoin's value is pegged to a stable asset, typically the US dollar

USDC is a stablecoin, which means a stablecoin's value is pegged to a stable asset, typically the US dollar.

a stablecoin that runs on the Ethereum blockchain and several others

USDC is a stablecoin that runs on the Ethereum blockchain and several others.

another stablecoin that was created by the famous cryptocurrency exchange Circle

USDC is another stablecoin that was created by the famous cryptocurrency exchange Circle.

a so-called stablecoin

USDC is a so-called stablecoin, meaning that unlike other cryptocurrencies such as bitcoin each digital token is backed by $1 of ordinary US currency.

a stablecoin launched in partnership with Coinbase and Circle and operates as an ERC-20 token, meaning an ERC-20 token runs on the Ethereum blockchain

USDC is a stablecoin launched in partnership with Coinbase and Circle and operates as an ERC-20 token, meaning an ERC-20 token runs on the Ethereum blockchain.