Decentralized transactions are distinct from decentralized issuance. Decentralized issuance doesn't matter to most people in the cryptocurrency ecosystem. They have been happy to participate in ICOs where coins are issued from a central authority.
That said, I haven't yet heard anything on how transactions are actually verified (ie. Proof of work vs Proof of Stake)
That said, I haven't yet heard anything on how transactions are actually verified (ie. Proof of work vs Proof of Stake)
Edit: It appears to be an Ethereum-based token: https://support.usdc.circle.com/hc/en-us/articles/3600154713...