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Circle USDC has emerged as one of the world's most trusted digital dollars, with over $70 billion in circulation as of February 2026. This guide explains what Circle USDC is, how the stablecoinCircle USDC has emerged as one of the world's most trusted digital dollars, with over $70 billion in circulation as of February 2026. This guide explains what Circle USDC is, how the stablecoin

Learn/Cryptocurrency Knowledge/Hot Concepts/Circle USDC... Stablecoin

Circle USDC: Complete Guide to the Regulated Stablecoin

Author: Emma Williams

Intermediate

Feb 23, 2026Emma Williams

Circle USDC has emerged as one of the world's most trusted digital dollars, with over $70 billion in circulation as of February 2026.

This guide explains what Circle USDC is, how the stablecoin maintains its dollar peg, and why it's become essential for global payments and cryptocurrency trading.

You'll discover Circle's business model, regulatory framework, and practical ways to use USDC for everyday transactions.

Whether you're new to stablecoins or exploring trading opportunities on MEXC, this article provides everything you need to understand Circle's role in digital finance.

Key Takeaways

Circle USDC is a fully regulated stablecoin issued by Circle Internet Financial, maintaining a 1:1 peg with the US dollar through transparent reserve backing.
The majority of USDC reserves are held in the Circle Reserve Fund managed by BlackRock, consisting of cash and short-term US Treasury securities.
Circle generates revenue primarily from interest income earned on USDC reserves, reporting $1.68 billion in revenue for 2024.
USDC is natively available on 30 blockchain networks including Ethereum, Solana, Arbitrum, and Base, enabling fast cross-chain transfers.
Circle went public on the NYSE in June 2025 under ticker symbol CRCL, with shares surging 247% by the second trading day.
USDC maintains the second-largest stablecoin market capitalization globally and is available for trading on MEXC with multiple blockchain network support.

What Is Circle USDC and How Does the Stablecoin Work?

Circle USDC is a fully regulated digital dollar issued by Circle Internet Financial, maintaining a 1:1 peg with the US dollar.

Launched in September 2018, USDC operates as an ERC-20 token on Ethereum and is now natively available across 30 blockchain networks including Solana, Arbitrum, and Base.

For every USDC token in circulation, Circle holds an equivalent dollar amount in highly liquid reserves, primarily US Treasury securities and cash.

The stablecoin was initially developed through the Centre Consortium, a partnership between Circle and Coinbase, though Circle assumed full governance in August 2023.

USDC enables near-instant blockchain transactions that settle within seconds, compared to traditional banking systems requiring several business days.

Users can mint new USDC by depositing dollars with Circle or authorized partners, while redemption converts USDC back to dollars at a 1:1 ratio.

Circle USDC Reserves: Composition and Transparency

Circle maintains USDC reserves in the Circle Reserve Fund, a government money market fund managed by BlackRock containing cash, short-dated US Treasuries, and overnight repurchase agreements.

As of December 2024, USDC had $41 billion in assets under management, with approximately 80% held in the Circle Reserve Fund and the remainder in cash deposits at regulated financial institutions.

Monthly attestations by independent accounting firms Grant Thornton and Deloitte verify that reserves match circulating USDC supply.

These attestation reports comply with American Institute of Certified Public Accountants standards and are publicly accessible on Circle's transparency page.

BlackRock provides daily independent reporting on the Circle Reserve Fund portfolio, offering unprecedented visibility into stablecoin backing.

This rigorous transparency framework distinguishes USDC from competitors that faced regulatory scrutiny over reserve quality and disclosure practices.

How Does Circle Make Money from USDC? Circle USDC Revenue Model

Circle generates revenue primarily through interest income earned on USDC reserves held in money market funds and Treasury securities.

In 2024, Circle reported $1.68 billion in revenue and reserve income, with net income reaching $156 million.

The company's business model capitalizes on the spread between interest earned on reserves and the zero yield paid to USDC holders.

Circle launched its IPO in May 2025 and listed on the NYSE in June 2025 following a confidential IPO filing in January 2024, seeking $624 million at a valuation up to $6.7 billion.

By the second trading day, Circle's stock had surged 247%, pushing market capitalization to approximately $28.6 billion.

USDC maintains the second-largest stablecoin market capitalization globally after Tether.

The revenue model proves sustainable as USDC has facilitated over $10 trillion in on-chain transactions.

Where to Buy USDC?

MEXC offers seamless access to Circle USDC trading with competitive fees and deep liquidity across multiple USDC trading pairs.

The exchange supports USDC deposits and withdrawals on major blockchain networks including Ethereum, Solana, Arbitrum, and Polygon, giving traders flexibility in choosing transaction costs and speeds.

Users can purchase USDC on MEXC by depositing fiat currency or cryptocurrency, then executing trades through the spot market interface.

MEXC's platform enables instant USDC transfers between users and supports integration with external wallets for those preferring self-custody storage solutions.

For storage, traders can keep USDC in their MEXC exchange wallet for active trading or transfer tokens to hardware wallets like Ledger for enhanced security.

Circle Mint serves institutional clients requiring large-volume USDC transactions, though individual traders typically access USDC through exchanges like MEXC.

The platform's user-friendly interface makes USDC trading accessible whether you're executing small peer-to-peer transfers or managing substantial cryptocurrency portfolios.

Is Circle USDC Safe? Regulation and Use Cases

Circle operates under comprehensive money transmission licenses in the United States and holds regulatory approvals in the European Union, United Kingdom, Singapore, UAE, and Japan.

In the EU, Circle France issued USDC complies with the Markets in Crypto-Assets (MiCA) regulatory framework, while Circle Singapore holds a Major Payment Institution license from the Monetary Authority of Singapore.

Circle was the first company to receive New York's BitLicense in 2015 and maintains registration with FinCEN as a Money Services Business.

USDC safety stems from transparent reserve backing, regular attestations, and regulatory compliance, though Circle explicitly states USDC is not FDIC-insured and carries risks outlined in their terms.

Primary use cases include cross-border remittances that settle in seconds rather than days, decentralized finance trading, merchant payments, and savings for individuals in countries experiencing currency instability.

Circle's blocklisting policy allows freezing USDC at addresses associated with illegal activity or sanctioned entities, balancing regulatory compliance with blockchain's permissionless nature.

Frequently Asked Questions

Does Circle own USDC?

Yes, Circle Internet Financial is the sole issuer and owner of USDC following the dissolution of the Centre Consortium in August 2023.

What is Circle USDC stock price?

Circle went public on the NYSE in June 2025 with shares gaining 247% by the second trading day, though current stock prices fluctuate based on market conditions.

Can Circle freeze USDC?

Yes, Circle reserves the right to freeze USDC at addresses associated with illegal activity, sanctions violations, or blocked addresses under their compliance policy.

What is the difference between USDC and USDC.e?

USDC is natively issued by Circle, while USDC.e represents bridged versions created by third parties and not directly redeemable through Circle.

How does Circle ensure the stability of USDC?

Circle maintains full reserve backing with liquid assets and provides monthly independent attestations verifying 1:1 dollar reserves.

Conclusion

Circle USDC represents the convergence of traditional finance and blockchain innovation, offering users a regulated digital dollar backed by transparent reserves.

With robust regulatory compliance, institutional-grade infrastructure, and availability across 30 blockchain networks, USDC has become essential for global payments and cryptocurrency trading.

Whether you're conducting cross-border transfers, trading on MEXC, or participating in decentralized finance, Circle's stablecoin provides the stability and trust necessary for digital transactions.

Start exploring USDC opportunities on MEXC today to experience fast, low-cost blockchain payments backed by one of the industry's most transparent stablecoin issuers.

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