$USDC
USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. It's designed for fast, low-cost transactions and is widely used in various sectors, including decentralized finance and gaming. Here are some key details about USDC¹ ²:
- *Current Price*: $0.9997, with a 0.01% increase in the last 24 hours
- *Market Capitalization*: $60.61 billion
- *24-hour Trading Volume*: $11.94 billion
- *Circulating Supply*: 60.63 billion USDC
USDC is issued by Circle, a regulated financial institution, and is backed by highly liquid cash and cash-equivalent assets. The reserves are regularly attested by independent auditors, ensuring transparency and security.³
*Key Features:*
- *Fast and Low-Cost Transactions*: USDC enables near-instant transactions with low fees
- *Global Reach*: Available in 185 countries and supported by over 500 million wallets
- *Regulated*: Issued by Circle, a regulated financial service business, and compliant with strict US laws and standards
- *Transparent Reserves*: Monthly assurances are provided by a Big Four accounting firm, ensuring the reserves' transparency and security
*Use Cases:*
- *Sending and Receiving Payments*: Transfer money across the world almost instantly
- *Saving*: Hold digital dollars in a secure and stable asset
- *Trading*: Protect against volatility and make trades on top exchanges
- *Spending*: Make secure, real-time payments online and in person⁴
