A stablecoin is a cryptocurrency created to maintain a stable value relative to a particular asset or a combination of assets. This could be a fiat currency, such as the US Dollar or Euro, or commodities like gold. Unlike other cryptocurrencies like Bitcoin or Ethereum, which can be highly volatile, stablecoins are designed to provide a more predictable and stable value. This makes them more practical for a variety of applications, including transactions, trading, and as a means of storing value.

The purpose of stablecoins is to combine the advantages of blockchain technology and cryptocurrencies with the security and stability of traditional financial assets.

Rise operates with the USDC stablecoin. USDC stands for "USD Coin," a type of stablecoin. It is a cryptocurrency designed to be pegged to the US Dollar on a one-to-one basis. In other words, 1 USDC is meant to have the same value as 1 US Dollar. USDC is an example of a fiat-collateralized stablecoin. This means that for every USDC token issued, a regulated financial institution holds an equivalent amount of US Dollars in reserve. This backing ensures that the value of USDC remains stable and closely mirrors the value of the US Dollar.

USDC is available natively on nine blockchains, according to Circle's website. However, Rise only supports select networks as listed below:

Rise employs USDC.e (an acronym denoting bridged USDC), signifying a tokenized representation of USDC that has been seamlessly transferred from the Ethereum blockchain: