$USDC

USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed to maintain a stable value. It is issued by Circle, a regulated financial service business, and operates on multiple blockchain platforms, including Ethereum, Solana, and Base.

*Key Features:*

- *Stable Value*: USDC is backed 1:1 by US dollar-denominated assets held in reserve.

- *Regulated*: Circle is licensed as a Money Transmitter by the New York State Department of Financial Institutions and to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.

- *Transparency*: Circle provides monthly third-party assurances on the reserves backing USDC.

- *Global Reach*: USDC is available in 185 countries and can be used for fast, low-cost transactions.

*Usage:*

- *Payments*: USDC enables near-instant, low-cost global payments.

- *Trading*: USDC is widely used on cryptocurrency exchanges, including Binance and Coinbase.

- *DeFi*: USDC is used in decentralized finance applications, such as lending and borrowing.

*Current Data:*

- *Price*: $0.9999 (stable)

- *Market Cap*: $61.5 billion

- *Circulating Supply*: 61.5 billion USDC

- *24h Trading Volume*: $6 billion

USDC's stability and wide adoption make it a popular choice for individuals and businesses looking to leverage the benefits of cryptocurrency while minimizing volatility risks.