$USDC
USDC coin has been in its past at $10 in 2019 and $3 in 2022.
USDC, or USD Coin, is a type of digital currency known as a stablecoin, pegged to the US dollar on a 1:1 ratio to reduce volatility. It's issued by Circle, a fintech company based in Boston, Massachusetts, and developed by Centre, a consortium comprising Circle and Coinbase. Every unit of USDC is backed by an equal amount of US dollars or dollar-denominated assets held in reserve, making it a reliable digital equivalent of the US dollar ¹.
*Key Features:*
- *Current Price*: $0.999712-$1.00
- *Market Capitalization*: $61.09 billion-$61.25 billion
- *24-hour Trading Volume*: $6.53 billion-$15.94 million (variations might be due to different sources or calculation methods)
- *Circulating Supply*: 61.11 billion USDC
- *Ranking*: #7 in market capitalization
*Use Cases:*
- Payments
- Trading
- Settlement across blockchain networks
- DeFi applications, such as lending protocols and decentralized exchanges
*Recent News:*
- Circle, the issuer of USDC, recently went public on the New York Stock Exchange (NYSE) with a stock code CRCL, raising $1.1 billion at a valuation of $6.9 billion
- USDC is widely used in the crypto industry, with a dominant presence across decentralized exchanges and lending protocols ² ³
