$USDC USDC is a type of stablecoin pegged to the value of the USD, issued by Circle, a closely regulated financial services company. Here are some key facts about USDC:
- *Current Price*: $0.9997, with a 24-hour price range of $0.9997 - $0.9998
- *Market Capitalization*: $61.1 billion USD, ranked #7 on CoinGecko
- *24-Hour Trading Volume*: $8.47 billion USD
- *Circulating Supply*: 61.12 billion tokens
- *Maximum Supply*: Unlimited
USDC is designed to provide a stable and reliable medium of exchange in the cryptocurrency market. Some benefits of USDC include ¹ ²:
- *Stability*: The value of USDC is pegged to the value of the USD
- *Transparency*: The reserves of USDC are published monthly by a Big Four accounting firm
- *Security*: USDC is backed by equivalent value assets held by Circle
- *Availability*: USDC is available on many cryptocurrency exchanges and applications
USDC can be used for various purposes, including:
- *Trading*: USDC can be used for trading on cryptocurrency exchanges
- *Remittances*: USDC can be used for cross-border money transfers
- *Store of Value*: USDC can be used to store value in a stable asset
- *Decentralized Finance*: USDC can be used in decentralized finance (DeFi) applications ¹.
