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Replace Circle from the Terms Of Use Agreement

Replace Circle from the Terms Of Use Agreement and eSign it in minutes

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Can stablecoins be redeemed?

Like money market funds (MMFs), reserve assets of stablecoins need to be liquid to allow users to redeem their stablecoins in fiat currency.

Is Circle USDC regulated?

USDC is transforming finance USDC is part of a global ecosystem that spans traditional and crypto commerce. Created by Circle, a regulated fintech, USDC is a trusted, widely accepted, and highly liquid digital dollar.

What are the redemption terms for USDC?

Although a USDC is always redeemable for $1, less applicable fees (if any), Circle cannot control how third parties quote or value USDC, and Circle is not responsible for any losses or other issues that may result from fluctuations in the value of USDC.

Can you redeem USDC for dollars?

USDC is a type of fiat-backed (fiat = government issued money) stablecoin with its value pegged to the U.S. dollar. At any given time, a single USDC can be redeemed for $1 U.S. dollar with the issuer. As a programmable currency, it can leverage the power of blockchains.

How does Circle pay make money?

How Does Circle Make Money? Circles products are freely available in app stores, and the company does not charge fees for transactions or transfers. It makes money through the trading of bitcoin and other cryptocurrencies in over-the-counter (OTC) markets and at digital exchanges.

What are the terms of service for Circle?

CIRCLE MAKES NO WARRANTY THAT (I) THE SERVICES WILL MEET YOUR REQUIREMENTS, (II) THE SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, OR (III) THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU WILL MEET YOUR EXPECTATIONS.

What is the minimum redemption for USDC?

Each USDC is intended to maintain a value of 1 USD. In order to issue 1 USDC, a corresponding 1 USD (or an equivalent amount of USD-denominated assets) is held in the USDC Reserves. Circle commits to redeem 1 USDC for 1 USD, subject to these Terms, applicable law, and any fees where applicable.

How do I get USDC out of Coinbase wallet?

To swap s from the Coinbase Wallet app, follow these steps: On the Wallet mobile or extension homepage, select Swap. Choose the you want to convert, the youd like to receive, and the amount you want to convert. Select Confirm.

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