It is a cryptocurrency that is designed to be stable (often referred to as a “stablecoin”) and that is intended to be a digital representation of a dollar that is stored on a blockchain; in simpler terms, it is a stable digital currency backed with the U.S. dollar or asset with equivalent fair value
The Digital Dollars we offer at Dollarize are USDC. USDC’s open-source software is managed by a third-party, the Centre Consortium, which is an organization driving standards for the adoption of trusted stablecoins, plus identity and payment standards.