$USDC

I. Current Price Performance

Today, the price of USDC is $0.9999, with a 24-hour yield of 0.0%. Over the past 7 days, the price has fluctuated very little, fully aligning with its design goal of being pegged 1:1 with the US dollar. As a fiat-collateralized stablecoin, the stability of USDC mainly relies on the dollar reserves supported by the issuer, Circle. Currently, the transparency of these reserves is relatively high (including cash, short-term government bonds, and other highly liquid assets), which reduces the risk of decoupling.

II. Market Supply and Demand and Technical Analysis

Trading Volume and Liquidity:

Recently, the 24-hour trading volume of USDC has exceeded $16.4 billion, with sufficient market depth and abundant liquidity. Its supply has surpassed $61.7 billion, reflecting a 38.6% increase since the beginning of the year, indicating a continuous growth in market demand for stablecoins. Sufficient liquidity is a key factor in maintaining price stability.

Technical Indicators:

From a technical analysis perspective, the Bollinger Bands of USDC have been continuously narrowing, with prices closely adhering to the middle band ($1), and volatility is at a historical low. The MACD indicator shows no significant trend signals, and the RSI (Relative Strength Index) is near the neutral zone at 50, indicating that there is no unilateral buying or selling pressure in the market.