$USDC
USDC, or USD Coin, is a stablecoin that's a digital representation of the US dollar. It's designed to maintain a stable value, making it ideal for transactions, savings and trading. Here are some key facts about USDC ¹ ² ³:
- *Backed by US Dollars*: USDC is fully backed by US dollars or cash equivalents, ensuring its value remains stable.
- *Regulated*: USDC is issued by Circle, a regulated financial service business that follows strict US laws and standards.
- *Transparent*: The reserves backing USDC are publicly visible, with monthly third-party assurances.
- *Global Accessibility*: USDC is available in 185 countries and can be sent across the globe in seconds.
- *Usage*: USDC can be used for various purposes, including sending money, saving, trading and making secure payments online and in person.
Some key statistics about USDC include ³:
- *Market Cap*: $61.56 billion
- *Circulating Supply*: 62 billion USDC
- *Current Price*: $1.00
- *24-hour Trading Volume*: $11.04 billion
USDC is built on blockchain technology and is available on multiple platforms, including ¹ ²:
- *Binance*: A popular cryptocurrency exchange
- *Coinbase*: A centralized exchange for buying, selling and trading cryptocurrencies
- *OKX*: A leading cryptocurrency exchange and Web3 platform
Overall, USDC offers a stable and secure way to transact and store value in the digital world.