Is USD Coin (USDC) halal?

• Business model permissibility

  The project's core economic activity must be permissible — no dominant revenue from prohibited sectors.

  Derived from the haram-sector gate of the published four-gate screen.

  ✓ Pass

• Underlying asset (utility vs pure speculation)

  The token must represent a defined, verifiable asset or utility rather than uncertainty traded for its own sake.

  Derived from the gharar gate of the published four-gate screen.

  ✓ Pass

• Token sale structure (no riba)

  Issuance and protocol mechanics must not embed an interest mechanism or riba-bearing lending yield.

  Derived from the riba gate of the published four-gate screen.

  ✗ Fail

• Governance (no gharar in operations)

  Supply schedule, settlement, and decision-making must be transparent enough to exclude excessive contractual uncertainty.

  Derived from the gharar gate of the published four-gate screen.

  ✓ Pass

• Use case (halal industry only)

  The asset's dominant documented use must sit in permissible industries — no established haram-sector association.

  Derived from the haram-sector gate of the published four-gate screen.

  ✓ Pass

HalalCrypto's framework is AAOIFI-aligned; we do not hold certification from any single body. Verdicts are educational opinion — consult your local scholar for binding rulings.