$USDC USDC, or USD Coin, is a stablecoin designed to maintain a constant value of $1 USD. It's a digital currency that bridges traditional finance and blockchain technology, enabling fast, low-cost, and accessible global transactions.
*Key Features:*
- *Stable Value*: USDC is pegged to the US dollar, ensuring a stable value.
- *Fast Transactions*: USDC enables near-instant transactions, 24/7, in over 180 countries.
- *Regulated*: USDC is issued by Circle, a regulated financial service business that follows strict US laws and standards.
- *Transparent Reserves*: USDC is backed by highly liquid cash and cash-equivalent assets, with monthly attestations by an independent accounting firm.
*Uses:*
- *Payments*: Make secure, real-time payments online and in person.
- *Savings*: Hold digital dollars in 185 countries and counting.
- *Trading*: Protect against volatility and make trades on top exchanges.
- *Remittances*: Transfer money across the world almost instantly.
The current price of USDC is $1.00, with a market capitalization of $61.57 billion. USDC is widely accessible on over 100 cryptocurrency exchanges and natively issued on more than 15 blockchain networks ¹