$USDC

USDC, or USD Coin, is a stablecoin pegged to the US dollar, maintaining a 1:1 ratio. Its current price is $1.00, with a market capitalization of $61.05 billion. Here's a brief overview ¹ ²:

- *Key Features:*

- *Stable Value*: USDC is designed to maintain a stable value relative to the US dollar.

- *Backed by Reserves*: Each USDC is backed by $1 held in reserve, in a mix of cash and short-term US Treasury bonds.

- *Wide Acceptance*: USDC is accepted by many wallets, exchanges, and service providers.

- *Usage:*

- *Global Transactions*: USDC enables fast, low-cost global payments, 24/7.

- *Decentralized Finance (DeFi)*: USDC is used in DeFi applications, providing a stable store of value.

- *Trading*: USDC is traded on various cryptocurrency exchanges, including Binance and Coinbase.

- *Statistics:*

- *Circulating Supply*: 60.87 billion USDC.

- *Market Capitalization*: $60.87 billion.

- *24-hour Trading Volume*: $14.79 billion.

- *Availability:*

- *Blockchains*: USDC is available on multiple blockchains, including Ethereum, Solana, and Polygon.

- *Exchanges*: USDC can be bought and sold on various exchanges, such as Binance and Coinbase.

USDC is issued by Circle, a regulated financial service business, and is redeemable 1:1 for US dollars ³ ⁴.