Learn · Assets · 6 min read
USDC is not a bank deposit — and that is the point.
Stablecoins move like internet money and redeem like a claim on reserves (issuer-dependent). Use them with clear eyes.
What you hold
USDC and USDT are tokens on public chains. Value depends on issuer reserves, smart contracts, and market liquidity — not a Glide IOU.
Why teams use them
24/7 settlement, global reach, programmable transfers, and composability with DeFi, cards (via off-ramp), and payroll.
Risks
Issuer failure, depeg, chain outages, bridge bugs, and sanctions freezes. Diversify rails; do not treat stablecoins as insured cash.
On Glide
Deposit and hold major stables, convert to fiat, send on-chain, earn where enabled, and spend via cards after conversion/settlement per program rules.