USDC (USD Coin) is a type of stablecoin, a digital currency that is pegged 1:1 to the value of the US Dollar (USD).
USDC is issued by regulated financial institutions and fully backed by reserves of cash and short-term US Treasuries, meaning every USDC token can always be redeemed for $1 USD.
Why Noah Uses USDC:
Stability: Unlike other cryptocurrencies, USDC’s value does not fluctuate - it stays equal to USD.
Speed: USDC transactions settle within minutes, even across borders.
Transparency: The reserves backing USDC are regularly audited and publicly reported.