$USDC USD Coin (USDC) is a fully collateralized stablecoin pegged 1:1 to the U.S. dollar, issued by Circle. It is designed to offer the stability of fiat currency with the advantages of blockchain technology.

๐Ÿ’ต What Is USDC?

Pegged to USD: Each USDC token is backed by one U.S. dollar or equivalent assets, ensuring price stability.

Issued by Circle: A financial technology firm that maintains full reserves of the equivalent fiat currency.

Blockchain Compatibility: USDC operates on multiple blockchains, including Ethereum (ERC-20), Solana, and others, facilitating broad accessibility.

๐Ÿ“ˆ Recent Developments

Circle's IPO: On June 5, 2025, Circle debuted on the New York Stock Exchange under the ticker symbol "CRCL," with shares closing at $83.23, significantly above the IPO price of $31.

Market Capitalization: USDC has a market cap of approximately $61 billion, making it the second-largest stablecoin after Tether (USDT).

Transaction Volume: Since its launch in 2018, USDC has facilitated over $25 trillion in on-chain transactions.

๐Ÿ”’ Transparency and Regulation

Reserve Holdings: Circle holds USDC reserves in cash and short-term U.S. Treasury bonds, with monthly attestations provided by independent accounting firms.

Regulatory Compliance: Circle operates under U.S. financial regulations, aiming to provide a transparent and compliant stablecoin solution.

๐ŸŒ Use Cases

Digital Payments: USDC enables fast and low-cost transactions globally, making it suitable for remittances and online payments.

Decentralized Finance (DeFi): Widely used in DeFi protocols for lending, borrowing, and yield farming.

Trading and Hedging: Traders use USDC to move funds between exchanges and hedge against cryptocurrency volatility.

For more information on USDC, you can visit Circle's official website or explore its listing on major cryptocurrency exchanges.