$USDC
USD Coin (USDC), a stablecoin issued by Circle, maintains a 1:1 peg to the U.S. dollar, ensuring price stability at $1.00. As of March 2, 2025, USDC's market capitalization stands at approximately $56.37 billion. In August 2023, Circle and Coinbase dissolved the Centre Consortium, granting Circle full governance over USDC. In February 2024, Circle discontinued USDC on the TRON blockchain following a risk management review. In December 2024, USDC had $41 billion in assets under management. USDC operates on multiple blockchains, including Ethereum, Base, and Polygon, enhancing its accessibility. Visa's pilot program utilizes USDC on the Solana blockchain for merchant payments, reflecting growing institutional adoption. citeturn0search15 Despite increased competition from new entrants like Ripple's RLUSD, USDC remains a dominant and trusted stablecoin in the cryptocurrency market.
