$USDC
USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. It's designed for fast, cheap, and global transactions, making it an attractive option for businesses and individuals alike. Here are some key details about USDC:
*Key Features:*
- *Stable Value*: USDC maintains a stable value equivalent to the US dollar, reducing volatility concerns.
- *Global Accessibility*: Available in 185 countries, USDC enables fast and low-cost transactions worldwide.
- *Regulated*: Issued by Circle, a regulated financial service business, USDC adheres to strict US laws and standards.
- *Transparent Reserves*: Backed by fully reserved assets, USDC's reserves are regularly attested and transparent.
*Market Performance:*
- *Current Price*: $0.9997 (with a 0.01% change in the last 24 hours)
- *Market Cap*: $60.61 billion
- *Circulating Supply*: 60.63 billion USDC
- *24-hour Trading Volume*: $11.94 billion
*Usage:*
- *Fast Payments*: USDC enables near-instant, low-cost global payments.
- *Decentralized Finance (DeFi)*: USDC is used in various DeFi applications, providing a stable store of value.
- *Cross-Border Transactions*: USDC facilitates seamless transactions across borders, reducing costs and processing times.