$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. It's designed for a world where cashless transactions are becoming more common, aiming to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers, and dApps as possible.
Here are some key details about USDC ¹:
- *Current Price*: $0.9999, with a 0.0% change in the last 24 hours
- *Market Cap*: $61.5 billion, ranking #7 on CoinGecko
- *Circulating Supply*: 61.5 billion USDC tokens
- *Trading Volume*: $10.2 billion in the last 24 hours
USDC is used for various purposes, including:
- *Stable Store of Value*: Providing a safe haven for crypto traders during times of volatility
- *Payments*: Enabling businesses to accept payments in digital assets
- *Decentralized Finance (DeFi)*: Used in lending, borrowing, and other DeFi applications
You can buy USDC on popular exchanges like ²:
- *Binance*
- *MEXC*
- *WEEX*
Some notable news about USDC includes ²:
- *Ripple's Acquisition Offer*: Ripple offered to acquire Circle, the issuer of USDC, for $4-5 billion, but the offer was rejected
- *Expansion in Africa*: Circle partnered with Onafriq to roll out USDC to 200 million bank accounts in Africa
