#USDC/USDT USDC, or USD Coin, is a stablecoin that's a digital representation of the US dollar. Here are some key points about it ¹ ²:
- *Value*: USDC is pegged to the US dollar, meaning 1 USDC is equivalent to 1 USD. Its current price is $0.9999, with a 0.0% change in the last 24 hours.
- *Usage*: USDC enables fast, cheap, and global blockchain transactions. It's available on various platforms, including Binance, Coinbase, and OKX, and can be used for sending, saving, trading, and spending.
- *Backing*: USDC is fully backed by real cash and cash equivalents held in reserve by Circle, the company that issues it. This reserve is transparent and audited monthly by a Big Four accounting firm.
- *Circulation*: As of April 28, 2025, there are approximately 61.5 billion USDC tokens in circulation, with a market capitalization of around $61.5 billion.
- *Exchanges*: USDC can be traded on various exchanges, including Binance, WEEX, and Hotcoin. Some popular trading pairs include BTC/USDC and SUI/USDC.
Some benefits of USDC include:
- *Stability*: Its value is tied to the US dollar, reducing volatility.
- *Security*: USDC is built on blockchain technology and follows strict US laws and standards.
- *Accessibility*: It's available in 185 countries and can be used for fast and low-cost transactions.
