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Why Developers should Trust USDC

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USDC

Thu, May 26, 2022

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I believe USDC is the best stablecoin for developers.

During this time, 1 USDC has always been redeemable for $1 from Circle.

USDC is the most redeemable dollar stablecoin.

To date, market participants have redeemed over $119B USDC with Circle.

In 2021 alone, $61.1B USDC was redeemed with Circle.

Last week, $5.6B billion USDC was redeemed.

When dollars hit Circle, USDC is minted within minutes of fiat settlement.

Circle users can mint and redeem USDC 24 hours a day/7 days a week, around the world, no matter how big the mint or redemption.

Circle has a developer-friendly suite of APIs that let developers embed USDC minting, redemption, and custody directly into their products.

Circle has been issuing USDC for close to four years and is fully invested in making USDC the most trusted platform for developers to build their on-chain applications on.

These are implemented on Circle’s business customers using Circle Account and Circle APIs. These practices ensure that the issuance and redemption of USDC into and out of the traditional financial ecosystem can be trusted.

There are over 200 digital wallet products integrating with USDC across several blockchain ecosystems.

In the crypto capital markets space, USDC is integrated into over 180 exchange platforms (centralized and decentralized), as well as dozens of lending, yield and derivatives products.

There are several other categories of developer teams integrating with USDC that aren’t properly accounted for.

You only need a Circle Account to mint or redeem USDC and if you are interested in using the paid versions of Circle’s APIs. USDC is otherwise permissionless, and you are free to integrate with it, compose it or even fork its code .

As a developer- and ecosystem-first innovation, USDC is also designed to advance the broader blockchain and Web3 ecosystem.

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