$USDC
USDC, or USD Coin, is a stablecoin pegged to the US dollar, maintaining a 1:1 ratio. It's designed for fast, low-cost transactions and is widely used in global finance. Here are some key details about USDC ¹ ² ³:
- *Current Price*: $0.9999, with a 0.00% change in the last 24 hours
- *Market Cap*: $60.87 billion
- *24-hour Trading Volume*: $14.96 billion
- *Circulating Supply*: 60.88 billion USDC
USDC is issued by Circle, a regulated financial service business, and is backed by highly liquid cash and cash-equivalent assets. The reserves are managed by BlackRock and custodied at The Bank of New York Mellon. USDC is available on various blockchain networks, including Ethereum, Solana, and Polygon, and can be redeemed 1:1 for US dollars ³.
Some popular platforms for buying and trading USDC include ⁴:
- *Binance*: Offers USDC trading pairs with low fees
- *Coinbase*: Allows users to buy, sell, and trade USDC
- *OKX*: Provides USDC trading and decentralized finance services
- *WEEX*: Offers USDC trading pairs with competitive fees
USDC's stability and wide adoption make it a popular choice for various use cases, including ² ³:
- *Global Payments*: Fast and low-cost transactions
- *Decentralized Finance*: Used in lending, borrowing, and yield optimization
- *Trading*: Provides liquidity and stability in cryptocurrency markets