$USDC
USDC (USD Coin) is a stablecoin pegged to the US dollar, allowing for fast and reliable transactions on blockchain networks. Its value remains stable at a 1:1 ratio with the US dollar, making it a popular choice for those seeking to avoid market volatility.
*Key Features:*
- *Current Price*: $1.00
- *Market Capitalization*: $61.48 billion
- *Circulating Supply*: 61 billion USDC
- *24-hour Trading Volume*: $9.93 billion
*Uses:*
- *Stable Value Transfer*: USDC facilitates secure and efficient transactions within the cryptocurrency ecosystem.
- *Decentralized Finance (DeFi)*: USDC is widely used for lending, borrowing, and yield farming activities due to its stability.
- *Collateral*: USDC serves as a reliable collateral in DeFi applications.
*Availability:*
- *Exchanges*: USDC is available on various platforms, including Binance, Kraken, Coinbase, and (link unavailable)
- *Blockchains*: USDC has expanded to 15 blockchains, including Arbitrum, and partners with companies like Sony's blockchain lab.
*Benefits:*
- *Transparency*: USDC is known for its transparency and regulatory compliance.
- *Security*: USDC operates on the blockchain, ensuring verifiable and secure transactions.