$USDC

USDC, or USD Coin, is a stablecoin cryptocurrency pegged to the US dollar. It's designed to provide a stable store of value and medium of exchange in the cryptocurrency market. Here are some key facts about USDC ¹ ²:

- *Current Price*: $1.00

- *Market Cap*: $61.56 billion

- *24-Hour Trading Volume*: $11.2 billion

- *Circulating Supply*: 61.56 billion USDC

USDC is issued by Circle, a regulated financial service business, and is backed by fully reserved assets, including cash and short-term US Treasury bonds. It's available on various blockchain platforms, such as Ethereum, Solana, and Polygon, and can be purchased on cryptocurrency exchanges like Binance and Coinbase ³ ⁴.

*Key Features:*

- *Stability*: USDC is designed to maintain a stable value, reducing the risk of price volatility.

- *Transparency*: Circle regularly publishes attestations of USDC's reserves.

- *Accessibility*: USDC is available on multiple blockchain platforms and can be used for various purposes, including payments, trading, and lending.

*Use Cases:*

- *Payments*: USDC can be used for fast and secure transactions.

- *Trading*: USDC provides a stable store of value for traders.

- *Lending*: USDC can be used as collateral for loans.

Overall, USDC is a popular stablecoin that provides a reliable and efficient way to transact in the cryptocurrency market.