$USDC Get the latest news on USD Coin (USDC), which is a stablecoin pegged to the value of the U.S. dollar, providing stability and liquidity within the volatile crypto market.

Constructed using Centre Consortium’s open-source stablecoin framework, USD Coin is reportedly backed by a combination of U.S. dollars and short-dated U.S. government obligations, with each unit of USDC statedly redeemable for $1

Although USDC aims for a steady value of $1, its price has fluctuated in the past.

Bitrace reported that $649 billion — about 5.14% of all stablecoin transactions in 2024 — flowed through high-risk addresses linked to illicit activities.Cryptocurrency compliance firm Bitrace found that $649 billion worth of stablecoins flowed through addresses classified as high-risk in 2024, according to an April 29 report.