USD Coin Price - USDC/SGD : $1.36061
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What is USDC (USD Coin)?
USDC (USD Coin) is a fully collateralised stablecoin pegged to the US dollar. USDC is an open source ERC20 token powered by Ethereum that was bootstrapped by Circle and Coinbase. USD Coin’s or USDCs are issued by financial institutions that are regulated in the United States. These institutions maintain full reserves of the equivalent US dollar in a 1:1 ratio with USDC.
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How we treat client assets
No commingling of customer funds: we keep client assets completely separate from our own.
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and digital assets.
We hold the vast majority of digital assets in secure offline cold storage protected in underground vaults with maximum security.
Audited and licensed
We are the first crypto exchange to be licensed by MAS.
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to verify our holdings with annual audits of our financial statements. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal, you can.
We keep your assets safe. That is our promise.
Single purpose asset utilisation
We do not engage in any lending, borrowing or rehypothecation of assets (i.e. pledging assets as collateral for debt). Your assets are used solely for the purpose of enabling you to transact on our platform.