$USDC

USD Coin (USDC) is a regulated stablecoin issued by Circle, designed to maintain a 1:1 peg with the U.S. dollar. Each USDC token is backed by cash and short-term U.S. government treasuries held in regulated U.S. financial institutions, ensuring transparency and stability.

As of now, USDC is trading at approximately $1.00, with a 24-hour trading volume of around $19 billion and a market capitalization exceeding $60 billion.

USDC operates across multiple blockchain platforms, including Ethereum, Solana, and Algorand, facilitating fast and low-cost transactions globally.

Recently, Circle has filed for an IPO on the New York Stock Exchange, aiming to capitalize on a favorable regulatory environment and its significant revenue growth.

If you need more information on USDC's applications or comparisons with other stablecoins, feel free to ask.