USDC can be held in a user-controlled wallet while remaining pegged and redeemable 1:1 to the U.S. dollar.

Format Web Page

Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 10: BUILDING-BLOCK REALITY New Rails on the Block

"USDC can be held in a user-controlled wallet while remaining pegged and redeemable 1:1 to the U.S. dollar."

Circle describes USDC as pegged and redeemable 1:1 to USD and its user-controlled wallet model as giving the user full custody of the wallet and its USDC.

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Source title Integrating USDC with Programmable Wallets

Source authors Corey Cooper

Source year 2023

Confidence high

Importance high