Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
Sharlife is a Registered Shariah Advisory Firm with Securities Commission Malaysia - The only regulated provider of crypto & stocks Shariah status
USDC is a fully-reserved stablecoin that is always redeemable 1:1 for US dollars, combining the stability of fiat currency with the speed and accessibility of digital assets.
USDC is a digital dollar that combines the power and stability of US Dollars with the speed of the internet. You can use USDC just like you would any dollar – to buy and trade assets, to send and receive payments, or to save your money.
As a fully-reserved stablecoin, each USDC token is backed by one US dollar or equivalent assets held in regulated financial institutions, ensuring its stability and reliability.
USDC maintains its 1:1 peg to the US dollar through a full-reserve model. For every USDC in circulation, Circle holds one US dollar or equivalent in cash and short-term US Treasury instruments in the Circle Reserve Fund, an SEC-registered government money market fund.
100% backed by cash and short-term US Treasury instruments
Issued by Circle, a regulated financial institution in multiple jurisdictions
Available on Ethereum, Solana, Algorand, and other major blockchains
Permissible for use in Shariah-compliant transactions
USDC is considered Shariah-compliant for the following reasons:
USDC can be used for Shariah-compliant transactions, provided that the transactions themselves adhere to Islamic principles. It is suitable for payments, transfers, and as a medium of exchange in halal commerce.
| Reserve Assets | US Treasury Securities, Cash |
|---|---|
| Yield Source | N/A |
| Launched | 2018 |
| Issuer | Circle |
Founded by Jeremy Allaire
USDC is issued by Circle, a U.S.-based financial technology company that operates under strict regulatory oversight. It is a licensed money transmitter across required U.S. jurisdictions, holds virtual currency licenses in New York and Louisiana, and is registered as a "Money Services Business" with FinCEN.
Internationally, Circle is also regulated in Singapore, the UK, and Bermuda. Ensuring transparency and stability, USDC reserves are held in the Circle Reserve Fund, an SEC-registered government money market fund invested in short-dated U.S. Treasuries, overnight Treasury repurchase agreements, and cash.
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