$USDC

$USDC are leading dollar-backed stablecoins, pivotal in crypto trading and DeFi. USDC, issued by Circle, boasts a $61 billion market cap, emphasizing transparency and regulatory compliance. Tether’s USDT dominates with a $155 billion market cap, widely used for its liquidity despite past reserve controversies. Both peg 1:1 to the USD, offering stability for transactions and hedging. Recent integrations, like USDC on XRP Ledger and Shopify payments, boost utility. The GENIUS Act’s passage enhances their legitimacy, regulating stablecoins as assets. Investors value their low volatility, though concerns linger about reserve backing and centralization risks.