USDC USDC

Ethereum Ecosystemlisted companycoin shareCeFistablecoin issuer

USDC stands out thanks to its market ecosystem and team governance, with roadmap delivery remaining a key focus and currently holding an S rating.

Rating updated 2026-08-02
S30.63 / 100

Sector Rank #419 · Global Rank #911

Roadmap Delivery0F
Technical Implementation43.3F
Tokenomics30.17F
Team Governance54E
Market Ecosystem65.31D
Security & Compliance0F
01

Overall Rating

S · 30.63 / 100
Roadmap Delivery
0
Technical Implementation
43.3
Tokenomics
30.17
Team Governance
54
Market Ecosystem
65.31
Security & Compliance
0
Overall Score
30.63

USDC 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.

02

Six-Dimension Rating Breakdown

Roadmap Delivery

0/100

Roadmap 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

47.75/100

Consensus 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

12.5/100

Deflationary 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

70/100

Core 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

83.26/100

Active 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

0/100

Historical 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

04

S Peer Comparison

Export CSV
USDCS · 30.63crvUSDS · 22.75Frax USDS · 22.23
Overall Score30.6322.7522.23
Roadmap Delivery037.530
Technical Implementation43.3----
Tokenomics30.1700
Team Governance545650
Market Ecosystem65.3143.3748.97
Security & Compliance000

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