A fully-reserved stablecoin, USDC, was created to ensure price parity with the US dollar. USD Coin ... meaning that for every USDC in circulation, one U.S. dollar is held in reserve.

USD Coin is a stablecoin backed by a reserve of U.S. fiat currency. For each USDC in circulation, there is one dollar held in reserve. However, USDC's price fluctuates many times throughout the ...

After reaching an all-time high of $312 million in February, PayPal USD circulation dropped to below $200 million in March, posting a 38% decline.