US Dollar

How value works

USDC is a dollar stablecoin issued by Circle. In Lex, you hold USDC in your self-custodial wallet; its target value is one US dollar per token.

This token targets one unit of its reference currency through issuer reserves. A market quote can differ from that target. Holding the token does not automatically pay interest or provide direct issuer redemption through Lex.

What to consider

Consider reserve quality, issuer restrictions, loss of the currency peg, exchange rates, liquidity, and smart contract risk. A stablecoin is not an insured bank deposit.

Bank routes and your USDC balance

Lex offers SPEI in Mexico, Pix in Brazil, and bank routes in Argentina, alongside US dollar, euro, and pound routes. Before confirming, check the operations available to your account, the asset you will receive, and the final amount after fees. If you receive wMXN, wBRL, or wARS, that token tracks its local currency; converting it to USDC is a separate step with its own quote.

• SPEI in Mexico
• Pix in Brazil
• Bank transfers in Argentina

Sources and documentation

• Circle — Product documentation ↗
• View on BaseScan ↗

Information reviewed October 2, 2026.