$USDC

USDC is currently trading at $0.9998, with a market capitalization of $61.49 billion. Here are some key statistics ¹ ²:

- *Current Price*: $0.9998

- *Market Capitalization*: $61.49 billion - $61.51 billion

- *24-hour Trading Volume*: $10.94 billion - $6.42 billion

- *Circulating Supply*: 61 billion - 61.53 billion USDC

- *All-time High*: $1.00

USDC is a stablecoin designed to maintain a 1:1 parity with the US dollar, backed by highly liquid cash and cash-equivalent assets held in reserves. It's widely used in decentralized finance (DeFi) for operations like trading, lending, and borrowing, as well as for fast and inexpensive international payments ¹ ³.

Some notable features of USDC include ³ ⁴:

- *Full Backing*: USDC is backed 100% by highly liquid cash and cash-equivalent assets.

- *Redeemability*: USDC can be redeemed 1:1 for US dollars.

- *Transparency*: Circle, the issuer of USDC, provides monthly third-party assurances on the reserves backing USDC.

- *Multi-Blockchain Support*: USDC is natively supported on 21 blockchain networks, including Ethereum, Algorand, and Solana.

You can buy USDC on various platforms like Coinbase, Binance, and Coinhouse ⁵.