USD Coin

Verification profile · v0.2

The score.

Four dimensions, weighted 30 / 30 / 25 / 15. Without D1 (Regulatory) the composite is capped at 24. Footprint is context only — weight 0.

D1 · D2 · D4 inherited from issuer → Circle Internet Financial Europe SAS

Reserves

Fully backed by cash and short-dated US Treasuries, largely in the BlackRock-managed Circle Reserve Fund, with monthly attestations.

Largest MiCA-compliant stablecoin; white papers notified 2024-07-01, the day MiCA Title IV became applicable.

Sources · checked 2026-07-24

• esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica
• casptracker.eu/e-money-token-list-under-mica
• circle.com/fr/legal/mica-usdc-whitepaper