USD Coin

E-money token / USD-referenced payment token

Strong coverage

USD-referenced token issued by Circle group entities. In the EU file it is documented as an EMT; in other jurisdictions the legal characterisation is a separate question. RCA does not describe USDC as a bank deposit.

Rights: Holder rights are set out in the applicable issuer terms and, in the EU, in EMT documentation. Redemption mechanics, eligible holders and any fee schedule must be read in those terms as of their date.
Custody & safeguarding: Reserve assets are described in issuer attestations and EMT materials as held with named banking and custody counterparties. Those names are a relationship claim at a date, not a live position feed.
Transfer restrictions: On-chain transferability is broad; legal availability (sanctions screening, blocked addresses, jurisdictional offering limits) is not the same fact as a transferable ERC-20.
Contract administration: Contract administration, freeze and upgrade capabilities are described in issuer technical materials. Control of those roles is part of the evidence pack.

What this proves

This profile restates public documents about the instrument as of the cited review dates.

What it does not prove

It does not rank the asset, estimate depeg risk, or advise anyone to hold, redeem or use the token.

RCA publishes source-linked intelligence for professionals. Nothing here is a token-buying call, a legal opinion, or an “approved / safe / regulated” badge. Every material claim is dated. Incomplete files stay incomplete.