USDC is a fully collateralized U.S. Dollar stablecoin, built on the Ethereum blockchain, based on the open source fiat stablecoin framework developed by CENTRE and supported by Coinbase and Circle as co-founding members of the CENTRE Consortium.
With Circle, you can tokenize fiat currency into USDC and transfer it to compatible ERC20 wallets and services. You can also transfer USDC into your Circle account and redeem USDC for fiat currency. Circle USDC also provides a simple web app for customers to tokenize fiat currency into USDC fiat tokens, which can be used for payments and trading in the crypto ecosystem.
The Circle USDC service is for users who wish to tokenize fiat currency into USDC or redeem USDC for fiat currency via wire transfer, subject to our KYC requirements, review process and our banking requirements.