Company Directory - USD Coin
Company Details - USD Coin
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USD Coin
USD Coin (USDC) is a digital stablecoin fully backed by the U.S. Dollar. It is issued by regulated financial institutions and managed by the Centre consortium, providing a reliable means for digital payments and trading with minimal price volatility.
CCI Score
CCI Score: USD Coin
0.92
-0.01%
Latest Event
Crypto Industry Political Spending: Implications for USD Coin
An Axios report highlights that the crypto industry is directing significant corporate funds into election spending. Although USD Coin is primarily a digital stablecoin, its connection to the broader crypto ecosystem raises concerns about its indirect role in using financial influence to potentially subvert democratic processes.
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OBJECTOR
USD Coin is currently rated as an Objector.
Latest Events
- AUG222024
An Axios report highlights that the crypto industry is directing significant corporate funds into election spending. Although USD Coin is primarily a digital stablecoin, its connection to the broader crypto ecosystem raises concerns about its indirect role in using financial influence to potentially subvert democratic processes.
-70
Political Contributions and Lobbying Efforts
March 21
The Axios report details how the crypto industry is leveraging substantial corporate funds for political campaign spending, which may serve to influence electoral outcomes in favor of authoritarian agendas. While USD Coin is a stablecoin designed for digital transactions, its association with the broader crypto sector implicates it in a trend where corporate political spending can undermine democratic integrity and contribute to the rise of authoritarian practices.
- AUG012023
An analysis of stablecoin regulation highlights how USD Coin's transparent reserve management and adherence to robust regulatory frameworks differentiate it from less accountable crypto assets, thereby reducing systemic risks and distancing the company from practices that could bolster authoritarian financial influence.
+80
Economic and Structural Influence
March 21
The article details a comprehensive regulatory framework for stablecoins, emphasizing transparency measures such as full reserve backing and regular audits. USD Coin, as described in the article, benefits from these strict regulatory requirements, ensuring accountability and financial stability. This adherence to rigorous standards reduces risks of economic collaboration that might indirectly support authoritarian practices, resulting in a high positive score in the Economic and Structural Influence category.
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