$USDC
USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. It's designed for fast, low-cost transactions and is widely used in various industries, including decentralized finance (DeFi) and gaming.
*Key Features:*
- *Stable Value*: USDC maintains a stable value, reducing volatility risks
- *Fast Transactions*: Enables near-instant, low-cost global payments
- *Global Accessibility*: Available in 185 countries, with support for multiple blockchains
- *Regulated*: Issued by Circle, a regulated financial service business
- *Transparent Reserves*: Backed 100% by highly liquid cash and cash-equivalent assets
*Usage:*
- *Payments*: Fast and secure online transactions
- *Trading*: Protects against volatility in cryptocurrency markets
- *DeFi*: Used in various DeFi applications, such as lending and borrowing
- *Gaming*: Enables stable, in-game transactions
*Market Data:*
- *Current Price*: $1.00
- *Market Cap*: $61.51 billion
- *Circulating Supply*: 61.5 billion USDC
- *24h Trading Volume*: $9.51 billion
USDC is widely supported by major exchanges, including Binance, Coinbase, and OKX, and can be used for various purposes, from payments to trading ¹ ².