$USDC
USDC is currently trading at $1.00, with a market capitalization of $61.56 billion. Here are some key statistics ¹:
- *Current Price*: $1.00
- *Market Capitalization*: $61.56 billion
- *24-hour Trading Volume*: $11.04 billion
- *Circulating Supply*: 62 billion USDC
- *All-time High*: $1.00
USDC is a stablecoin designed to maintain a 1:1 parity with the US dollar, backed by highly liquid cash and cash-equivalent assets held in reserves. It's widely used in decentralized finance (DeFi) for operations like trading, lending, and borrowing, as well as for fast and inexpensive international payments ² ³.
Some notable features of USDC include ⁴:
- *Full Backing*: USDC is backed 100% by highly liquid cash and cash-equivalent assets.
- *Redeemability*: USDC can be redeemed 1:1 for US dollars.
- *Transparency*: Circle, the issuer of USDC, provides monthly third-party assurances on the reserves backing USDC.
- *Multi-Blockchain Support*: USDC is natively supported on 22 blockchain networks.
USDC has gained significant traction, with Visa initiating a pilot program to send USDC via the Solana blockchain for payment settlements. Circle, the issuer of USDC, went public on the NYSE in June 2025 ⁵ ⁴.
