Question

Is USDC a commodity?

Answer 1

Behnam said USDC, the second-most-valuable stablecoin after tether, is also likely a commodity. “Based on the cases we have brought in the past around stablecoins, I think there is a strong legal argument that USDC and other similar stablecoins would be commodities,” he said.

Answer 2

No, USDC (USD Coin) is not considered a commodity. It is a type of stablecoin that is pegged to the US dollar on a 1:1 ratio. It is typically used as a digital asset for transactions and trading on various blockchain platforms.