$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed to maintain a stable value. Here are some key details about USDC¹ ²:

- *Current Price*: $1.00

- *Market Cap*: $61.49 billion

- *Circulating Supply*: 61 billion USDC

- *24-hour Trading Volume*: $10.94 billion

*What is USDC?*

USDC is a digital dollar issued by Circle, fully backed by US dollars and US dollar equivalents. It's used for fast, cheap, and global transactions without needing traditional financial institutions.

*Key Features:*

- *Stable Value*: USDC maintains a 1:1 ratio with the US dollar

- *Transparency*: Circle publishes regular independent audit reports to ensure the existence and integrity of trust reserves

- *Regulation*: USDC is issued through regulated affiliates of Circle, with reserves held in highly liquid cash and cash-equivalent assets³

*Use Cases:*

- *Payments*: USDC enables near-instant, low-cost global payments

- *DeFi*: USDC is widely used in decentralized finance applications, such as lending and borrowing platforms

- *Trading*: USDC is accepted as collateral for margined futures trading on some platforms

*Availability:*

- *Blockchains*: USDC is natively supported on 22 blockchain networks, including Ethereum, Algorand, and Solana

- *Exchanges*: USDC is available on major cryptocurrency exchanges like Binance, Coinbase, and OKX