USDC vs Figure Heloc
USDC and FIGR_HELOC compared: live market data, one-year performance, and the key differences.
| Metric |  USDC |  Figure Heloc |
|---|---|---|
| Price | $0.999905 | $1.03 |
| Market Cap | $75.26B | $23.86B |
| 24h Volume | $19.44B | $134.94M |
| Rank | #6 | #10 |
| Circulating Supply | 75.43B | 23.09B |
| Max Supply | Uncapped | Uncapped |
| All-Time High | $1.04 (Nov 14) | $1.06 (Aug 3) |
| Launched | N/A | N/A |
1-Year Relative Performance
Key Differences
Key differences
USDC and Figure Heloc (FIGR_HELOC) both bring traditional financial value on-chain, but they tokenize different things. USDC, issued by Circle, is a fully collateralized U.S. dollar stablecoin — each token is a claim on dollar reserves, designed to hold a stable one-dollar value. FIGR_HELOC is a tokenized real-world asset representing home equity lines of credit, standardized into composable on-chain formats through Figure's platform on the Provenance blockchain.
Neither token has its own consensus mechanism. USDC is issued natively across a very large number of networks — Ethereum, Solana, Base, Arbitrum, Stellar, and dozens more — with a circulating supply of roughly 72 billion that tracks issuance and redemption. FIGR_HELOC lives on Provenance, with about 21 billion tokens outstanding reflecting the pool of tokenized loans rather than cash reserves.
Regulatory positioning distinguishes USDC: it is categorized as MiCA-compliant and GENIUS Act-compliant, aligning it with regulated stablecoin frameworks in Europe and the United States. FIGR_HELOC operates in the tokenized private credit space, where Figure Connect serves as a primary market for originating debt and Figure Markets provides 24/7 secondary trading with decentralized custody.
The practical contrast is cash versus credit: USDC is a stable payment and settlement instrument used across exchanges and DeFi, while FIGR_HELOC is an investment-style exposure to consumer lending — a yield-bearing debt asset rather than a medium of exchange.