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USDC

USD Coin

DOUBTFUL
Score: 50/100
crypto

Is USDC Halal?

Stablecoin backed by USD and Treasury bonds — riba concerns in reserves.

What You Should Know

USDC is a fully-backed USD stablecoin by Circle. Backed by US Treasuries and cash. The reserves include interest-bearing bonds raising riba concerns.

⚠️ Concerns

  • •Backed by US Treasuries (riba)
  • •Circle earns interest on reserves

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