USDC, also known as USD Coin, is a fully reserved stablecoin, which is a type of cryptocurrency, managed by Circle Internet Financial, LLC. USDC is designed to maintain price equivalence to the U.S. dollar. USDC is backed by dollar-denominated assets with a fair value equal to or greater than the amount of USDC in circulation.
USDC is fully backed by highly liquid fiat reserves held separately from Circle’s operating funds at leading financial institutions for the benefit of USDC holders. The resource is subject to third-party attestation that there are sufficient assets to meet liabilities, according to attestation standards set out by the American Institute of Certified Public Accountants (AICPA).
- Circle publishes attestation reports monthly. You can find the attestation reports here: https://www.circle.com/en/transparency. This attestation process adds an extra layer of security for users of USDC.
*Even though our service utilizes stablecoins, we want to emphasize that Higlobe is not a cryptocurrency exchange. We are a payment platform that enables contractors and other freelance workers in Mexico and Brazil to be paid by American companies or individuals that they perform services for.