$USDC
USDC (USD Coin) is a stablecoin pegged to the US dollar, maintaining a 1:1 ratio with the dollar. Here are some key updates.
- *Current Price*: USDC is trading at $1.00, with a 0.02% increase in the last 24 hours.
- *Market Cap*: The market capitalization of USDC is approximately $61.51 billion, ranking #7 on CoinMarketCap.
- *Circulating Supply*: There are 61.51 billion USDC coins in circulation.
- *Recent Integration*: USDC has been integrated with the XRP Ledger, enhancing DeFi capabilities and global payments.
- *World Chain Integration*: Circle's USDC and Cross-Chain Transfer Protocol (CCTP) V2 are live on World Chain, enabling fast and frictionless transfers for 27 million users.
- *Upgrade*: A new v2.2 upgrade to USDC reduces gas costs and improves security for transactions on EVM blockchains.
- *Partnerships*: Circle has partnered with Alfred and Tazapay to supercharge seamless money movement across Latin America and Asia-Pacific.
Some notable features of USDC include.
- *Stable Value*: USDC's price is pegged 1:1 to the US dollar, providing a stable store of value.
- *Fast Transactions*: USDC enables fast and cheap transactions, making it suitable for internet payments.
- *Regulated*: USDC is issued by regulated financial institutions, ensuring compliance with relevant laws and regulations.
Overall, USDC continues to expand its reach and utility, with ongoing upgrades and integrations enhancing its performance and security.