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The is an institutional digital currency developed by Fnality International to facilitate large-scale interbank payments and settlements. Unlike retail cryptocurrencies, USC is not available for purchase by individual investors on public exchanges. It is a wholesale financial tool designed strictly for a consortium of global banks and financial institutions. Understanding Utility Settlement Coin (USC)
USC was first proposed in 2015 by and the fintech firm Clearmatics . It is a series of digital cash instruments, with a version for each major currency (USD, EUR, GBP, JPY, and CAD), fully backed by fiat reserves held at central banks. Utility Settlement Coin (USC) continues to evolve