> open stablecoin/usdc
USD Coin
USD-pegged stablecoin issued by Circle. SOG tracks USDC as active with a major recovered depeg event during the March 2023 banking crisis.
Statusactive
Evidence5
| Symbol | USDC |
|---|---|
| Status | active |
| Peg asset | USD |
| Collateral model | fiat_backed |
| Issuer | Circle |
| Reserve disclosure | available |
| Redemption status | active |
| Launch date | 2018-09-26 |
| Discontinued date | — |
| Confidence | medium |
| Last verified | 2026-06-01 |
Issuer dossier
Circle · company · United States
Reserve reports
3 seed reserve disclosure reference(s) linked to this record.
Known unknowns
2 visible uncertainty item(s) kept for later review.
| Status | active |
|---|---|
| Who can redeem | Issuer redemption is handled through Circle account and product terms; exact eligibility should be verified from current Circle documentation. |
| Retail redemption | source_review_needed |
| Institutional redemption | source_review_needed |
| Minimum redemption | source_review_needed |
| Region / access notes | Availability may depend on account type, jurisdiction, and current issuer terms. |
| Registry note | USDC redemption context is separated from exchange trading and from the March 2023 recovered depeg event. |
| Date | Title | Source | Type | Summary |
|---|---|---|---|---|
| 2023-03-11 | USDC banking exposure context during Silicon Valley Bank failure | Circle | banking_context | Circle disclosed USDC reserve exposure to Silicon Valley Bank during the March 2023 banking crisis. SOG records this as banking/regulatory context connected to the recovered USDC depeg event. |
| 2023-03-12 | USDC operations reopening context after March 2023 banking weekend | Circle | issuer_operational_notice | Circle stated that USDC operations would open for business after U.S. federal banking actions during the March 2023 banking weekend. SOG records this as recovery context connected to the recovered depeg event. |
| Chain | Deployment type | Status | Contract | Notes |
|---|---|---|---|---|
| Ethereum | native_or_issuer_supported | active | source_review_needed | USDC Ethereum deployment placeholder. Native vs bridged and exact contract metadata require source-backed chain review. |
| Coverage type | Count | Meaning |
|---|---|---|
| Issuer source | 4 | Source-backed reference present in this record. |
| Reserve reference | 4 | Source-backed reference present in this record. |
| Market data | 0 | No source of this type is linked yet. |
| Regulatory source | 2 | Source-backed reference present in this record. |
| Deployment / contract | 1 | Source-backed reference present in this record. |
| Exchange notice | 0 | No source of this type is linked yet. |
| News / analysis | 0 | No source of this type is linked yet. |
| Archive capture | 0 | No source of this type is linked yet. |
| Other source | 0 | No source of this type is linked yet. |
| Date | Stage | Record | Detail |
|---|---|---|---|
| 2018-09-26 | launched | USD Coin launch | Launch date recorded on the stablecoin entity. |
| 2023-03-11 | major_depeg | USDC depeg during March 2023 banking crisis | Event recorded as recovered. |
| 2026-06-01 | current_status | Current registry status: active | This is the current SOG registry label, not a safety score. |
| Date | Event | Type | Impact | Recovered | Mechanism |
|---|---|---|---|---|---|
| 2023-03-11 | USDC depeg during March 2023 banking crisis | major_depeg | high | yes | reserve_asset_exposure |
| Date | Publisher | Type | Asset categories | Confidence |
|---|---|---|---|---|
| 2026-06-01 | Circle | issuer_disclosure | cash, short_duration_us_treasuries | medium |
| 2026-06-03 | Circle | reserve_report_archive | cash, short_duration_us_treasuries, source_review_needed | medium |
| 2023-03-11 | Circle | issuer_event_disclosure | cash_at_banking_partner, reserve_asset_exposure | medium |
| Source | Publisher | Type | Claim scope | Reliability |
|---|---|---|---|---|
| Circle Transparency | Circle | issuer_statement | reserve | high |
| Circle update on USDC and Silicon Valley Bank exposure | Circle | issuer_statement | depeg_event | high |
| USDC official product page | Circle | issuer_statement | entity_redemption | high |
| Circle update after federal banking actions in March 2023 | Circle | issuer_statement | depeg_recovery | high |
| Circle USDC reserve reports | Circle | reserve_report | reserve_history | high |
| Topic | Description | Severity | Last checked |
|---|---|---|---|
| historical_low_price | Lowest observed USDC price and exact depeg duration vary by data source and need a source-specific value before display. | medium | 2026-06-03 |
| chain_deployment_status | Native vs bridged USDC status across Ethereum, Solana, Base, Polygon, Arbitrum, Optimism, and other networks needs source-backed chain-by-chain review. | medium | 2026-06-03 |
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