$USDC USD Coin (USDC) is a stablecoin pegged to the US dollar, maintaining a 1:1 ratio. Its current price is $1.00, with a 24-hour trading volume of $10.79 billion and a market capitalization of $61.5 billion.

*Key Statistics:*

- *Current Price*: $1.00

- *Market Capitalization*: $61.5 billion

- *24-hour Trading Volume*: $10.79 billion

- *Circulating Supply*: 61.48 billion USDC

- *All-Time High*: $2.35 (November 16, 2021)

- *All-Time Low*: $0.8774 (March 11, 2023)

USDC is designed for a world with cashless transactions, providing a safe haven for crypto traders during volatility and enabling businesses to accept digital payments. It's issued by regulated financial institutions and backed by a mix of cash and short-term US Treasury bonds.¹

*Recent Developments:*

- Circle, the issuer of USDC, has launched its stablecoin on Ripple's XRP Ledger for enterprise B2B payments and DeFi liquidity.

- USDC has expanded to Sam Altman's World Chain, marking a significant development in the cryptocurrency space.

- Circle's IPO has signaled potential US stablecoin regulation, according to Ripple's CEO Brad Garlinghouse.