$USDC is a stablecoin pegged to the U.S. dollar. It is issued by Circle and backed by a consortium that includes Coinbase. USDC remains the second-largest stablecoin, trailing Tether’s USDT, whose market cap exceeds $144 billion at the time of writing. 

USDC's supply is distributed across multiple blockchains, with Ethereum hosting the majority over $36 billion, followed by Solana with a substantial $10 billion. Other blockchains include Base with $3.8 billion