$USDC USDC, or USD Coin, is a stablecoin cryptocurrency pegged to the US dollar, maintaining a stable value. It's designed for fast, low-cost transactions and is widely used in digital payments and trading.
*Key Features:*
- *Stable Value*: USDC is pegged to the US dollar, ensuring a stable value.
- *Fast Transactions*: USDC enables near-instant transactions, 24/7.
- *Low Costs*: Transaction fees are significantly lower compared to traditional payment systems.
- *Global Accessibility*: USDC can be used across borders without intermediaries.
*Usage:*
- *Digital Payments*: Merchants can accept USDC for online transactions.
- *Trading*: USDC provides a safe haven for crypto traders during market volatility.
- *Decentralized Finance (DeFi)*: USDC is used in various DeFi applications.
*Statistics:*
- *Market Capitalization*: $61.96 billion
- *Current Price*: $1.00
- *Circulating Supply*: 61.5 billion USDC
- *All-time Volume*: $26 trillion+
*Issuance and Reserves:*
- *Issuer*: Circle
- *Reserves*: Backed 100% by highly liquid cash and cash-equivalent assets
- *Auditor*: Deloitte & Touche LLP (since fiscal 2022)¹ ² ³