$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, maintaining a 1:1 ratio. Its current price is around $0.9998 to $1.00, with a market capitalization of approximately $61.4 billion to $61.66 billion.
*Key Statistics:*
- *Current Price*: $0.9998 - $1.00
- *Market Capitalization*: $61.4 billion - $61.66 billion
- *24-hour Trading Volume*: $10.94 billion - $11.38 billion
- *Circulating Supply*: 61 billion USDC
- *All-Time High*: $1.17 (May 8, 2019)
- *All-Time Low*: $0.8776 (March 11, 2023)
USDC is designed for fast, cheap, and global blockchain transactions. It's issued by Circle, a regulated financial service business, and backed by US dollar-denominated assets held as reserves.
*Recent Developments:*
- *Expansion to XRP Ledger*: Circle launched USDC on Ripple's XRP Ledger for enterprise B2B payments and DeFi liquidity.
- *Integration with World Chain*: USDC is now available on Sam Altman's World Chain, marking a significant development in the cryptocurrency space.
- *Partnership with Coinbase*: Coinbase has introduced USDC as collateral in US futures markets, further expanding its use cases.