Your funds are kept securely in digital dollars, in a Web3 wallet that only you control. Each digital dollar is 100% backed by cash and short-dated U.S. treasuries, so that it’s always redeemable 1:1 for U.S. dollars. More than $50 billion digital dollars are currently in circulation.
Digital dollar reserves are held in the custody and management of leading U.S. financial institutions, including BlackRock and BNY Mellon. Reserves are managed by Circle, regulated as a licensed money transmitter under U.S. state law just like PayPal, Stripe, and Apple Pay. Circle’s financial statements are audited annually and subject to review by the SEC.
Biometric identification and advanced 3DS 2.0 technology keep you safe when shopping in stores and online.