





USDC is a fully-reserved, fiat-backed stablecoin issued by Circle that is pegged 1:1 to the U.S. dollar. Each USDC token is backed by cash and short-duration U.S. Treasury securities held at regulated financial institutions. USDC is available on multiple blockchains including Ethereum, Solana, Avalanche, and others.
Explore the tokenomics of Circle (USDC) and review the project details below.
What is the allocation for Circle (USDC)?
USDC does not have an initial allocation.
What is the supply schedule for Circle (USDC)?
USDC is a stablecoin. When users purchase USDC from Circle, the company will deposit the corresponding amount of US dollars in its bank account, and then issue the corresponding amount of USDC on the blockchain.
On the other hand, when users want to exchange USDC for US dollars, they can send USDC to Circle Company. The company will withdraw the corresponding amount of US dollars from its bank account for the user, and then destroy/burn the corresponding amount of USDC.
Now the Circulating Supply of USDC means the difference between USDC mint and burn, you can find the latest amount on https://www.circle.com/en/usdc#transparency

