$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. It's designed for the digital age, providing a safe haven for crypto traders during times of volatility and enabling businesses to accept payments in digital assets. Here are some key points about USDC:
- *Market Cap*: $60.81 billion, ranking #7 among cryptocurrencies
- *24-hour Volume*: $19.16 billion, indicating high liquidity
- *Total Supply*: 60.81 billion USDC, fully backed by US dollar-denominated assets held in reserve
- *Usage*: USDC operates on multiple blockchain platforms.
Some notable features of USDC include :
- *Regulatory Compliance*: USDC is issued by Circle, a regulated financial service business that follows strict US laws and standards
- *Transparency*: Circle provides monthly attestations from independent auditors, ensuring the value of reserves meets or exceeds the value of USDC in circulation
- *Wide Adoption*: USDC is available on major blockchains and is used by millions of people around the world