1. Overview

• Stablecoin: USDC

• Issuer: Circle Internet Group (NYSE: CRCL)

• Blockchain: Ethereum (plus multi-chain support)

• Launch: September 2018

• Type: Fiat-backed, centralized

• Backing: 100 % USD cash and short-term U.S. government securities, held in BlackRock Reserve Fund and segregated custody (Circle Transparency)

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2. Use Case

USDC enables:

• Fast, low-cost global payments and remittances with 24/7 availability

• Web3 applications, DeFi lending, AMMs, and trading

• Enterprise integrations via the Circle Payment Network and banking rails

• Programmable financial infrastructure for tokenized economies

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3. Governance & Compliance

• Licensed as a money transmitter and an Electronic Money Institution

• Holds a New York BitLicense, registered with FinCEN and MAS Singapore

• Attestations performed monthly by a Big Four audit firm, following AICPA standards (Reserve Disclosure)

• Public financial transparency maintained via quarterly filings after IPO

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4. Customer Feedback & Reputation

• Not consumer-rated on Trustpilot, but regarded as one of the most trusted stablecoins

• Independent reviews (such as Kraken Learn) rate USDC safer than alternatives

• Analysts note that Circle’s transparency helped maintain peg during the Silicon Valley Bank crisis (arXiv study)

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5. CU Background Check

• ISSUER: Circle was founded by Jeremy Allaire and Sean Neville in 2013, IPO’d in June 2025 (NYSE: CRCL)

• No major regulatory concerns; proactive engagement with U.S. Senate (GENIUS Act) and global regulators

• Public revenue of $1.7B in 2024, with strong strategic support from investors like Goldman Sachs, JPMorgan, and Singtel

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6. Crypto-Economics

• Minting/Burning: Businesses mint USDC via deposits; redemption with USD burn at parity

• Reserve Model: Segregated USD cash and government bonds (~90% in US Treasury instruments)

• Utility: Monthly transaction volumes exceed $1 trillion; total all-time on-chain volume $26 trillion (State of the USDC Economy)

• Chains Supported: Ethereum, Solana, Polygon, Base, Arbitrum, Fantom, and more

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7. Backing & Value Stability

• Fully 1:1 USD-backed, with reserves held by BlackRock-managed fund and custodial banks

• Monthly third-party attestation ensures reserves meet or exceed circulating supply (AICPA standards)

• S&P Global rates USDC’s peg stability as “strong” with high asset strength and maintained backing (S&P rating)

• USDC experienced only a brief peg dip during Silicon Valley Bank failure and quickly recovered

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8. Final CyberFinance Compliance Rating

🟢 Final Rating: GREEN SIGNAL

USDC sets the industry benchmark: fully reserved, audited, widely accepted, regulated, and reliable. It meets all criteria for a Green Signal under Ratex42 standards.

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Ratex42 Summary

USDC is the leading regulated stablecoin—trustworthy for retail, institutional, and DeFi use. It combines transparency, compliance, and liquidity at scale.