USDC is a stablecoin pegged to the US dollar at a 1:1 ratio. It was created by Circle and is supported by Coinbase, ensuring transparency and reliability.
1. Key features of USDC
- Pegging to the dollar - each token is backed by real reserves.
- High liquidity - widely used in DeFi and traditional finance.
- Multi-blockchain - available on Ethereum, Tron, BSC, Solana, and others.
- Regulated issuance - complies with financial reporting requirements.
2. Current price and market indicators
- Price of USDC: $0.9998.
- Market capitalization: $60.93 billion.
- Trading volume in the last 24 hours: $4.81 billion.
3. Recent events
- The capitalization of stablecoins exceeded $250 billion.
- Circle froze two wallets with $57.6 million USDC due to the scandal surrounding the meme coin Libra.
- Thailand's SEC intends to ban exchanges Bybit, OKX, CoinEx, 1000X, and XT, which may affect USDC liquidity.
4. The future of USDC
USDC remains one of the most reliable stablecoins, offering stability and transparency. Possible future developments include:
- Growth of institutional interest.
- Expansion of use in traditional finance.
- Increased regulation to enhance investor trust.
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