USDC, or USD Coin, is a stablecoin cryptocurrency pegged to the United States dollar on a 1:1 basis. This means that every unit of USDC in circulation is backed by $1 held in reserve, which can be a mix of cash and short-term U.S. Treasury bonds ¹.
USDC operates on several blockchain platforms, including Ethereum, Solana, and Polygon, making it a versatile option for transactions and trades ². Its primary use cases include providing a safe haven for crypto traders during times of volatility, enabling businesses to accept payments in digital assets, and disrupting sectors like decentralized finance and gaming ¹.
As of today, the market capitalization of USDC stands at approximately $58.13 billion, with a circulating supply of 58.13 billion USDC ¹. You can buy, sell, and trade USDC on various centralized crypto exchanges, such as Binance, Toobit, and WEEX ³.
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