USDC (USD Coin) is a popular stablecoin that's currently ranked as the second-largest stablecoin by market capitalization, with a market cap of approximately $61.51 billion. Its current price is around $0.9999, with a 24-hour trading volume of $5.18 billion.
*Key Statistics:*
- *Market Capitalization*: $61.51 billion
- *Circulating Supply*: 61.51 billion USDC
- *24-hour Trading Volume*: $5.18 billion
- *Price*: $0.9999
*Comparison to Other Stablecoins:*
- *USDT (Tether)*: USDT is the largest stablecoin, with a market capitalization of $149.37 billion, significantly larger than USDC's.
- *DAI*: DAI is another popular stablecoin, with a market capitalization of $5.37 billion, roughly one-tenth of USDC's market cap.
*Recent Developments:*
- *Ripple's Acquisition Plans*: Ripple is reportedly planning to acquire Circle, the issuer of USDC, which could potentially impact the stablecoin's adoption and usage.
- *Institutional Demand*: USDC's supply is expected to reach $61 billion in 2025, driven by increasing institutional demand.
