$USDC USD Coin (USDC) is a stablecoin pegged to the US dollar, issued by Circle. Its current price is $1.00, with a market capitalization of approximately $61.05 billion. USDC operates on multiple blockchain platforms, including Ethereum ERC-20, Base and Polygon, enabling fast and low-cost transactions.

*Key Features:*

- *Stable Value*: USDC maintains a stable value relative to the US dollar.

- *Redeemable*: USDC can be redeemed 1:1 for US dollars.

- *Backed by Reserves*: USDC is fully backed by highly liquid cash and cash-equivalent assets.

- *Global Accessibility*: USDC is available in 185 countries and can be sent across the globe in seconds.

*Usage:*

- *Fast and Low-Cost Transactions*: USDC enables near-instant, low-cost global payments.

- *Stable Store of Value*: USDC provides a stable store of value, beneficial for transactions and savings.

- *Developer-Ready*: USDC is natively issued on 19 blockchain networks and supports seamless movement between blockchains.

*Partnerships and Support:*

- *Visa*: Visa initiated a pilot program to send USDC via the Solana blockchain.

- *Coinbase*: Coinbase supports USDC and has dissolved the Centre Consortium, granting Circle full governance over USDC.