
USDC USDC
USDC stands out thanks to its market ecosystem and team governance, with roadmap delivery remaining a key focus and currently holding an S rating.
Sector Rank #419 · Global Rank #911
Overall Rating
S · 30.63 / 100USDC has an overall rating Sf S (total 32.41), ranking high in market ecosystem, team governance, and technical implementation across six dimensions. The main point of deduction is roadmap delivery (0 points)—mainly affected by sub-items such as development continuity (0 points) and development heat trends (0 points).
Rating Team Conclusion: "USDC has relative advantages in market ecosystem, team governance, and technical implementation, but its current shortcomings are concentrated in roadmap delivery." " It is recommended to hold long-term as the core or core watch target for crypto asset allocation portfolios.
Six-Dimension Rating Breakdown
Roadmap Delivery
0/100Roadmap On Time Delivery Rate?Lack of public roadmaps and milestone data.Weight 35%Insufficient data · 0 / 100
Last 4 upgrades achieved?Lack of recent upgrade delivery data.Weight 30%Insufficient data · 0 / 100
Milestones to Deliver?No clear pending delivery milestones were found.Weight 20%No public milestones · 0 / 100
History Extension Record?There is a lack of historical delay records.Weight 15%Insufficient data · 0 / 100
Technical Implementation
47.75/100Consensus Mechanism?USDC is a centrally issued stablecoin without an independent consensus mechanism.Weight 30%Centralized issuance and multi-chain deployment · 50 / 100
Main network years of operation?USDC has operated steadily for many years since its launch in 2018.Weight 15%About 7.5 years · 75 / 100
Recent upgrades?The core codebase updates are infrequent and lack information about recent major upgrades.Weight 35%Insufficient data / Few updates · 10 / 100
Client Diversity?USDC has been deployed on more than 29 blockchain platforms, with extensive ecosystem coverage.Weight 20%Multi-chain deployment (29+) · 90 / 100
Tokenomics
12.5/100Deflationary Mechanism?USDC is a reserve-backed stablecoin with no native deflation mechanism.Weight 30%There is no inherent deflationary mechanism · 0 / 100
Inflation rate?USDC supply is minted and burned according to market demand, with no fixed inflation rate.Weight 25%Minting/destroying as needed · 50 / 100
Staking rate/position lock-up rate?As a stablecoin, USDC does not offer native staking or lock-up mechanisms.Weight 25%No native staking/lock-up · 0 / 100
Supply Upper Limit?USDC has no fixed supply limit and is backed by reserves.Weight 20%No fixed upper limit · 0 / 100
Team Governance
70/100Core Development Team?The team is large, but the core members' backgrounds score average.Weight 30%Circle Team (Large) · 30 / 100
Governance mechanisms?Managed centrally by Circle, with a sound and highly transparent internal governance structure.Weight 25%Centralized Governance (Circle) · 90 / 100
Financial Transparency?As a publicly listed company, Circle has extremely high financial and financial transparency.Weight 25%Gao (Listed Company) · 90 / 100
Concentration of key people?The concentration of key personnel permissions is relatively low, allowing for good risk dispersion.Weight 20%to be on the low side · 80 / 100
Market Ecosystem
83.26/100Active Address?USDC has a very high number of daily active addresses and a massive user base.Weight 30%High (91.37 / 100) · 91.37 / 100
Ecological chain/L2 quantity?USDC has been widely deployed on more than 29 mainstream blockchains and L2 networks.Weight 25%29+ chains / L2 · 95 / 100
DeFi TVL?USDC is one of the most important stablecoins in the DeFi ecosystem, with a massive TVL scale.Weight 25%High (major stablecoin) · 70 / 100
Developer community?GitHub repository activity is decent, but developer community size still has room to grow.Weight 20%Activity level is moderate · 73 / 100
Security & Compliance
0/100Historical Major Failure?There are historical unanchoring events, and the model detects backdoor code risks.Weight 25%Existence (SVB de-anchored, backdoor code) · 0 / 100
Regulatory Attitude?Model assessments show extremely low regulatory compliance scores and possible undisclosed risks.Weight 30%There is controversy / insufficient data · 0 / 100
Sec Attitude?Model assessments show that the SEC's attitude score is extremely low, suggesting possible undisclosed risks.Weight 30%There is controversy / insufficient data · 0 / 100
Client Bug Frequency?The model detects backdoor code and permission leaks, posing extremely high security risks.Weight 15%There is a risk of backdoor code · 0 / 100
S Peer Comparison
Export CSV USDCS · 30.63 | crvUSDS · 22.75 | Frax USDS · 22.23 | |
|---|---|---|---|
| Overall Score | 30.63 | 22.75 | 22.23 |
| Roadmap Delivery | 0 | 37.5 | 30 |
| Technical Implementation | 43.3 | -- | -- |
| Tokenomics | 30.17 | 0 | 0 |
| Team Governance | 54 | 56 | 50 |
| Market Ecosystem | 65.31 | 43.37 | 48.97 |
| Security & Compliance | 0 | 0 | 0 |


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