USD Coin(USDC)
Release Time: 2018-09-24
Circulating Supply:27,500,838,795
Official Website: https://www.centre.io/usdc
About USDC
USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.
The stablecoin originally launched on a limited basis in September 2018. Put simply, USD Coin’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.
Several use cases have been unveiled for the USD Coin. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming.
Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.
Special Token Risk Disclosure
The regulatory status of USDC and blockchain technology is ambiguous or undetermined in many jurisdictions, hence it is difficult to predict how or whether regulatory authorities will apply current regulations to USDC, blockchain technology, and its applications.
Management of Voting Rights for Vitual Assets
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Non-Exercise of Voting Rights: HashKey Exchange does not exercise voting rights associated with virtual assets on behalf of its users. The role of HashKey Exchange is strictly to provide a trading platform for these assets, not to participate in the governance of any assets that may confer voting rights.
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Users' Exercise of Voting Rights: Users who wish to exercise any voting rights associated with their virtual assets are required to withdraw the respective assets from our platform.
HashKey Exchange encourages users to fully understand the rights associated with any virtual assets they may hold.
Please refer to Virtual Asset Risk Disclosure for further information.
Warning Statements on Complex Products
This token is a virtual asset and considered a Complex Product (as defined in the "Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission"). Please review the project website, whitepaper, other relevant materials ("Project Materials") and Virtual Asset Risk Disclosure below before making any investment decisions. Please refer to the Disclaimer below regarding the information from third-party links.
Investors should exercise caution in relation to Complex Products.
The Project Materials have not been reviewed by the SFC. Investors are advised to exercise caution in relation to the token.
This token is only available to professional investors.
Past performance is not indicative of future performance.
Investors should read the Project Materials including but not limited to those disclosed on the website, the whitepaper, and Virtual Asset Risk Disclosure below to understand the key nature, features and risks of a Complex Product and are advised to seek independent professional advice before making any investment decision and should have sufficient net worth to be able to assume the risks and bear the potential losses of trading the token.
Disclaimer
The information on this page, including any third-party links, whitepapers, and audit reports, is for informational purposes only. We make no warranties about its accuracy, completeness, or suitability. The content may change and may not be up-to-date. We recommend verifying the information directly from the linked resources. We do not necessarily endorse any included links. Use of this information is at your own risk. Nothing on this page should be construed as investment advice. Virtual assets are subject to significant price volatility and risks. Please refer to Virtual Asset Risk Disclosure. If unsure about any financial decisions, please seek professional advice.
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