$USDC USD Coin is a stablecoin issued by Circle Internet Financial and regulated by Centre, a consortium that also involves Coinbase. USDC is pegged 1:1 to the US dollar and backed by reserves consisting of US Treasury securities, cash, and other assets.

Advantages of USDC:

- Reserve Transparency: Circle provides monthly attestation reports on its holdings in accordance with the American Institute of Certified Public Accountants (AICPA).

- Cross-Chain Transfer Protocol: Circle introduced the Cross-Chain Transfer Protocol (CCTP) to facilitate USDC transfers across blockchains.

- Regulatory Compliance: Circle emphasizes compliance with regulations as a licensed money issuer in the US.

USDC Statistics:

- Price: $1.00

- Market Capitalization: $61.54 billion

- 24-Hour Trading Volume: $3.27 billion

- Circulating Supply: 61.51 billion USDC

Comparison with USDT:

- Market Capitalization: USDT ($83 billion) vs USDC ($61.54 billion)

- Blockchain Protocols: Both are available on several major blockchains, including Ethereum, Solana, and Tron.

- Transaction Fees: USDC transaction fees depend on the blockchain used, while USDT has varying fees depending on the blockchain load.