USD Coin on Polygon

USDC, the dollar stablecoin that regulated businesses and payment companies settle in, issued by Circle, a US company, and backed one for one by cash and short-term US Treasuries, with each token redeemable from Circle for a dollar, and that redemption is what holds the peg. This is the copy Circle issues on Polygon PoS, live since October 2023, minted and redeemed on Polygon itself.