USDC is the fully-reserved, 1:1 USD-backed stablecoin issued by Circle. Kronos holds your USD balance as USDC via HiFi, our licensed on/off-ramp partner — for near-instant, near-zero-cost movement.
Join the waitlistUSDC is issued by Circle, a U.S.-regulated financial-technology firm. Every USDC is backed 1:1 by cash and short-dated U.S. Treasuries held at regulated financial institutions; reserves are attested monthly by a Big Four accounting firm.
For Kronos users, USDC is invisible — you see "USD balance" in the app — but the underlying ledger settles in USDC on Solana so balances move 24/7 with sub-second finality and near-zero fees.
Your Kronos USD balance is held as USDC on Solana, provisioned through HiFi (hifi.com), our licensed USD ↔ stablecoin counterparty. Deposits via ACH land as USDC; withdrawals off-ramp from USDC back to USD before hitting your linked bank. P2P sends between Kronos users are USDC wallet-to-wallet — instant, free.
Prior to 2026-05-11 Kronos used Bridge.xyz's closed-loop USDB token. After Bridge declined Kronos KYC, Kronos migrated to HiFi (which settles in USDC) the same day. Existing user balances were preserved 1:1 in the migration.
USDC — issued by Circle, settled on Solana, provisioned through our HiFi integration. Balances are 1:1 USD-backed and fully reserved.
USDC itself is not FDIC-insured (stablecoins are not deposits). Circle holds reserves at regulated U.S. financial institutions and publishes monthly attestations. ACH-in transit dollars passing through partner banks may have pass-through FDIC coverage depending on the bank.
Kronos's prior banking partner Bridge.xyz issued USDB (a closed-loop USD token). On 2026-05-11 Bridge declined Kronos KYC; Kronos migrated to HiFi the same day. HiFi settles in USDC, the most widely used open-market USD stablecoin.