International Stable Currency (ISC) is a fiat-backed index-linked stablecoin. It has about $2.4M in circulation, ranking #179 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is ISC?
International Stable Currency (ISC) is a fiat-backed index-linked stablecoin. It has about $2.4M in circulation, ranking #179 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: International Stable Currency (ISC) is a yield-bearing stablecoin pegged to a basket of real world assets.
ISC supply history
ISC supply was flat over the past 30 days. It is at or near its all-time high.
Is ISC holding its peg?
ISC is not pegged to a fixed currency amount. Its target value floats with an index or basket, so we show its US dollar price rather than a peg status.
Where ISC lives: supply by blockchain
Supply is concentrated: Solana holds 100% of all ISC. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How ISC is backed
Each ISC is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: ISC Issuer is tasked with two principal functions that are integral to the operation of the ISC ecosystem. Firstly, it is responsible for the minting and burning of ISC. Secondly, it manages the loans of ISC between itself and the ISC Reserves.
ISC risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $2.4M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
ISC vs USDT and USDC
ISC in the news
Coinbase Taxes and Form 1099-DA: What Coinbase Reports to the IRS
Form 1099-DA Explained: What Your Crypto Exchange Reports to the IRS
USDT vs USDC: Differences, Reserves and Which to Use
ISC FAQ
What is ISC?
International Stable Currency (ISC) is a fiat-backed index-linked stablecoin. It has about $2.4M in circulation, ranking #179 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs ISC?
ISC is a fiat-backed stablecoin. Each ISC is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is ISC on?
ISC is live on 1 blockchain. The largest by supply are Solana ($1.1M).
How much ISC is in circulation?
About $2.4M of ISC was in circulation at the last update, 0.0% over 30 days. That makes it the #179 stablecoin by supply among those we track.
Is ISC safe?
No stablecoin is risk-free. As a fiat-backed design, ISC's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "index-linked" on our peg monitor. This page is information, not investment advice.
