$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, issued by Circle. It's designed to provide a digital representation of the US dollar, allowing for seamless transactions and storage. Here are some key facts about USDC ¹ ²:

- *Current Price*: $1.00 (with minor fluctuations, currently trading at $0.999765)

- *Market Capitalization*: $60.61 billion

- *Circulating Supply*: 60.63 billion USDC

- *24-hour Trading Volume*: $11.56 billion (or $11.94 billion according to CoinMarketCap)

- *Usage*: USDC operates as an Ethereum ERC-20 token and is available on other blockchain platforms like Base, Polygon, Solana, and Algorand

*Use Cases:*

- *Stable Store of Value*: Provides a safe haven for crypto traders during market volatility

- *Digital Payments*: Enables businesses to accept payments in digital assets

- *Decentralized Finance (DeFi)*: Used in various DeFi applications

- *Gaming*: Facilitates transactions in digital gaming

*Recent Developments:*

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

- *Circle's Governance*: Circle gained full governance over USDC after dissolving the Centre Consortium with Coinbase

- *Ripple's Acquisition Proposal*: Ripple proposed acquiring Circle for $4-5 billion, coinciding with $200 million USDC minted on Algorand

- *Anchorage Digital's Acquisition*: Anchorage Digital plans to acquire USDM issuer Mountain Protocol, expanding its stablecoin offerings ²