$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. It's designed to provide a stable store of value and medium of exchange in the cryptocurrency market. Here are some key facts about USDC¹ ² ³:

- *Current Price:* $1.00, with a 24-hour trading volume of around $10.73 billion

- *Market Cap:* Approximately $61.36 billion, ranking #7 among cryptocurrencies

- *Circulating Supply:* 61.36 billion USDC tokens

- *Backing:* Fully collateralized by US dollars and short-term US Treasury bonds

- *Use Cases:* Sending, storing, and receiving money without third-party financial institutions, as well as a bridge between traditional fiat currency and cryptocurrency trading

- *Partnerships:* Recently partnered with Visa and Baanx to launch stablecoin payment cards tied to self-custodial wallets

Some benefits of USDC include:

- *Stability:* Minimizes price volatility, making it a reliable store of value

- *Security:* Backed by regulated financial institutions and fully collateralized

- *Flexibility:* Can be used for various purposes, including payments, trading, and decentralized finance (DeFi) applications

You can buy USDC on various cryptocurrency exchanges, such as Binance, and use it for trading, payments, or other financial activities.⁴