$USDC Basic Information

USDC, or USD Coin, is a stablecoin pegged to the US dollar at a 1:1 ratio, developed by the Centre consortium and jointly operated by Circle and Coinbase. For every USDC issued, there is 1 dollar in reserve assets, which are regularly audited by a third party.

Market Performance

In 2024, the circulating USDC increased by over 78% year-on-year, outpacing the growth of other major stablecoins. In November 2024, the monthly trading volume reached $1 trillion, with a historical trading volume exceeding $18 trillion. Its market capitalization exceeds $25 billion, and daily trading volume remains stable at several billion dollars.

Technical Features

USDC utilizes a transparent reserve asset audit mechanism and is issued on multiple blockchains including Ethereum, Solana, and Polygon, providing high interoperability.

Application Scenarios

USDC is widely used in DeFi, payments, cross-border transfers, and exchange reserves. In DeFi, it can serve as a reliable collateral asset; in the payments sector, it offers a cost-effective and fast option for cross-border payments and remittances.

Advantages

• Strong Stability: Pegged to the US dollar, it effectively mitigates the price volatility risks of cryptocurrencies.

• High Transparency: The open and transparent audit mechanism allows users to clearly understand the reserve situation, enhancing trust.

• Good Compliance: The issuer is subject to strict financial regulation and performs excellently in terms of compliance.