#Liquidity101 USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. This means each USDC token is equivalent to one US dollar, making it a reliable digital currency for transactions and investments. Here are some key points about USDC ¹ ²:

- *Current Price*: USDC is currently trading at around $1.00, with minor fluctuations in the past 24 hours, ranging from $0.9987 to $1.00.

- *Market Capitalization*: The market capitalization of USDC is approximately $61-62 billion, with a circulating supply of around 61-62 billion USDC tokens.

- *Usage*: USDC aims to provide stability in the cryptocurrency market, allowing users to send, store, and receive money without relying on traditional financial institutions.

- *Backing*: USDC is fully backed by highly liquid cash and cash-equivalent assets, ensuring its stability and reliability.

- *Trading*: USDC can be traded on various cryptocurrency exchanges, including Coinbase Exchange and Kraken, and can be converted to other digital assets or fiat currencies.

Overall, USDC offers a stable digital alternative to traditional currencies, making it an attractive option for those seeking to minimize volatility in their cryptocurrency investments ³.