$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed for fast and efficient transactions. Here are some key details about USDC:

*Current Price and Market Info*

- *Current Price*: $1.00 (stablecoin, designed to maintain a 1:1 ratio with the US dollar)

- *Market Capitalization*: $61.57 billion (as a cryptocurrency) or $26 billion (in circulation, according to Circle)

- *24-hour Trading Volume*: $11.32 billion (in euros, equivalent to a significant amount in USD)

*Key Features*

- *Backed by US Dollars*: Each USDC is backed by one US dollar or equivalent assets held in reserve accounts with US-regulated financial institutions

- *Transparency*: Circle, the issuer, provides monthly assurances from a Big Four accounting firm and maintains transparency in its reserves

- *Regulated*: USDC is issued by Circle, a regulated financial service business that follows strict US laws and standards

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*Uses*

- *Fast and Efficient Transactions*: USDC enables fast, cheap, and global blockchain transactions

- *Decentralized Finance (DeFi)*: Widely used in DeFi for operations like trading, lending, and borrowing

- *International Payments*: Makes fast and inexpensive international payments possible

*Comparison to Other Stablecoins*

- *USDT (Tether)*: USDC has a more transparent reserve structure, with 88% of reserves in US Treasury bills and 12% in dollars in bank accounts ⁴

Overall, USDC is a widely accepted and trusted stablecoin, suitable for various use cases, including transactions, DeFi, and international payments.