$USDC
USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed for fast, secure, and low-cost transactions. It's issued by Circle, a leading financial technology company, and operates on multiple blockchain platforms, including Ethereum, Solana, and Polygon.
*Key Features:*
- *Stable Value*: USDC maintains a 1:1 ratio with the US dollar, reducing volatility and increasing trust.
- *Global Reach*: USDC enables near-instant, low-cost transactions worldwide, 24/7.
- *Regulated*: USDC is issued by regulated financial institutions and complies with relevant laws and regulations.
- *Transparency*: Circle provides regular attestations and transparency reports on USDC reserves ¹ ² ³.
*Use Cases:*
- *Cross-Border Payments*: USDC facilitates fast and low-cost international transactions.
- *E-commerce*: Merchants can accept USDC for payments, reducing transaction fees and processing times.
- *Decentralized Finance (DeFi)*: USDC provides a stable store of value and medium of exchange in DeFi applications.
*Statistics:*
- *Market Cap*: $61.51 billion
- *Circulating Supply*: 61.5 billion USDC
- *All-Time Volume*: Over $26 trillion in transactions .