$USDC

USDC, or USD Coin, is a stablecoin cryptocurrency pegged to the US dollar, issued by Circle. It's designed to maintain a stable value, making it ideal for fast, cheap, and global transactions. Here are some key facts about USDC ¹ ² ³:

- *Current Price*: $1.00, with a market capitalization of $61.46 billion

- *Backing*: Fully reserved with US dollar-denominated assets, including cash and cash equivalents, held in regulated financial institutions

- *Usage*: Available on various blockchain platforms, such as Ethereum, Base, and Polygon, and supported by major exchanges like Binance and Coinbase

- *Transaction Volume*: Over $26 trillion in all-time volume, with 78% yearly growth

- *Redeemability*: Can be redeemed 1:1 for US dollars, with transparency on reserves through monthly third-party assurances

- *Regulation*: Issued by regulated affiliates of Circle, with licenses and authorizations in multiple jurisdictions

- *Availability*: Accessible in 185 countries, with support for instant payments, transfers, and trading

Some notable features of USDC include ⁴:

- *Blockchain Support*: Natively supported on 20 blockchain networks, including Algorand, Aptos, and Solana

- *Developer Tools*: Open protocols with APIs and SDKs for seamless integration

- *Partnerships*: Collaborations with banks, fintech apps, and onchain tech for widespread adoption

Overall, USDC offers a reliable and efficient way to send, save, and trade digital dollars.