$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed to maintain a stable value. Here are some key details about USDC:

*Current Price and Market Info*

- *Current Price*: $0.9998, with a 0.02% increase in the last 24 hours

- *Market Capitalization*: Approximately $61.57 billion to $1.00257 trillion (depending on the source), with a market dominance of 1.81%

- *24-hour Trading Volume*: Around $2.35 billion to Rp262.9 billion (Indonesian Rupiah equivalent)

*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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*Blockchain and Supply*

- *Blockchain*: USDC operates on multiple blockchains, including Ethereum, Algorand, Solana, and Stellar

- *Circulating Supply*: Approximately 61.46 billion USDC

- *Total Supply*: 61.48 billion USDC

*Recent Developments*

- *Cross-Chain Migration*: USDC Treasury has been involved in cross-chain migrations, including printing USDC on Ethereum and burning equivalent amounts on Solana

- *New Issuance*: USDC Treasury has issued over 230 million USDC and burned around 130 million USDC recently ²