$USDC

USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed for fast and low-cost transactions. It's issued by Circle, a company that's heavily regulated and licensed in multiple jurisdictions, including the US, EU, UK, Singapore, and others. Here are some key details about USDC¹:

- *Current Price*: $0.9998, with a 0.03% increase in the last 24 hours

- *Market Cap*: $61.48 billion, ranking #7 among cryptocurrencies

- *24-hour Trading Volume*: $10.57 billion

- *Circulating Supply*: 61.49 billion USDC coins

USDC's main benefits include²:

- *Stability*: Maintaining a 1:1 peg with the US dollar, making it suitable for transactions and as a store of value

- *Security*: Backed 100% by highly liquid cash and cash-equivalent assets, with daily independent reporting on the portfolio

- *Accessibility*: Available on 19 blockchain networks, including Ethereum, Solana, and Polygon

Some notable developments and use cases for USDC include³:

- *Visa Support*: USDC is supported by Visa for selling transactions within its payment network

- *Partnerships*: Circle has partnered with various institutions, enabling USDC to be used for near-instant, low-cost global payments

- *DeFi and Gaming*: USDC can be used in decentralized finance and gaming applications, providing a stable digital currency option

Overall, USDC offers a reliable and efficient way to transact and store value in the digital economy.