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USD Coin (USDC) stablecoin explained: what is it and how it worksStably USD (formerly �StableUSD�), also known as USDS, is a US Dollar-pegged stablecoin fully backed 1-to-1 and redeemable for USD held in an FDIC-insured. USD Coin (USDC) is an asset backed stablecoin whose value is pegged to the U.S. Dollar (USD). Every USDC token in circulation is backed by $1 USD in cash or. USD coin serves to tokenize calvarycoin.onlines on a blockchain. The service is a collaboration between crypto exchange Coinbase and financial services provider Circle.
