$USDC * USDC is a stablecoin pegged to the US dollar at a 1:1 ratio. This means that one USDC is designed to be worth approximately one US dollar.

* It is issued by Circle, a regulated financial technology company. Previously, it was managed by Centre, a consortium co-founded by Coinbase and Circle, but Circle is now the sole responsible entity.

* USDC aims to provide a stable and transparent digital currency for use in various applications, including trading, payments, lending, and more within the cryptocurrency and decentralized finance (DeFi) ecosystem.

* It is fully backed by US dollar assets held in segregated accounts with regulated US financial institutions, including cash and short-term US government obligations. Circle provides monthly attestation reports by a "Big Four" accounting firm (Grant Thornton) to verify these reserves, ensuring transparency and trust.

Current Price:

* As of Thursday, May 1, 2025, the price of USDC is very close to $1.00 USD.

* On Binance, it's trading at approximately $1.000209 USD.

* On Kraken, the price is around $1.00 USD.

* In Indian Rupees (INR), the price is approximately ₹85.58 on Mudrex and ₹84.77 on Coinbase. Please note that cryptocurrency prices can vary slightly across different exchanges.

Market Capitalization and Supply:

* USDC is one of the largest stablecoins by market capitalization.

* Its current market cap is around $61.50 Billion to $62.14 Billion USD.

* This ranks it as the 7th largest cryptocurrency by market cap according to MoonPay and Forbes.

* The circulating supply is approximately 61.51 Billion to 62.23 Billion USDC.

* The maximum supply is the same as the circulating supply, as USDC is minted when USD is deposited and burned when USDC is redeemed for USD.

Key Features and Benefits:

* Price Stability: Its 1:1 peg to the US dollar aims to minimize price volatility, making it suitable for transactions and as a stable store of value within the crypto space.

* Transparency: Monthly reserve attestations provide a high level of transparency regarding its backing.