USDC

USD Coin (USDC) is a stablecoin issued by Circle, a U.S.-regulated financial technology company. Each USDC is backed one-to-one by cash and short-duration U.S. Treasury securities held in regulated U.S. financial institutions, with monthly third-party attestations.

USDC is commonly used for on-chain dollar transfers, crypto trading, and earning yield in DeFi. It's one of the more conservative stablecoin choices for U.S. users because of its regulatory posture and transparent reserves.

Why it matters for Milo customers

USDC is the dollar-pegged stablecoin Milo accepts for select transactions. For borrowers, USDC is a useful tool between selling volatile crypto and converting to USD — but as collateral, Milo prefers Bitcoin and Ethereum for their deeper liquidity.

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