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.

Circle, the company behind USD coin, announced via Centre, a consortium founded by Circle and crypto exchange Coinbase, that it will change the makeup of its USD Coin reserves to contain only cash ...

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 ...

According to the accounting document, there was 127,408,827 USDC coin in circulation until the end of October, which were pegged to $127,412,240.89 in custody accounts.

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.

At least, if everyone was taking the law seriously, some recently issued US dollar coins would be illegal to own or use inside the United States. This is a slightly complex story but one I find ...