$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed to maintain a stable value. It's issued by Circle, a regulated financial service business, and is widely used in various applications, including ¹ ² ³:
- Payments: Fast, low-cost global transactions
- DeFi: Decentralized finance protocols for lending, borrowing, and trading
- Trading: Protecting against market volatility
- Savings: Holding digital dollars in 185 countries
Key Features:
- Backed by US dollars: 1 USDC = 1 USD, with reserves held in highly liquid cash and cash-equivalent assets
- Regulated: Compliant with US laws and standards, with transparent reserves and monthly attestations
- Multi-blockchain support: Available on 19 blockchain networks, including Ethereum, Solana, and Polygon
Benefits:
- Stability: Minimizes price fluctuations, ideal for everyday transactions
- Efficiency: Fast and low-cost transactions
- Global accessibility: Used across borders, facilitating international transactions
Market Data:
- Current price: $1.00
- Market capitalization: $61.51 billion
- Circulating supply: 61.5 billion USDC
- 24-hour trading volume: $9.51 billion
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USDC is considered a reliable stablecoin, with Circle's commitment to transparency and regulatory compliance contributing to its widespread adoption. Its use cases continue to expand, driven by growing demand for digital dollars ².$
