$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. It's designed for fast, low-cost transactions and is widely used in digital finance. Here are some key facts about USDC¹ ²:
- *Current Price*: $1.00, with a 0.01% daily change
- *Market Cap*: $61.51 billion
- *Circulating Supply*: 61.5 billion USDC
- *Backing*: Fully reserved with highly liquid cash and cash-equivalent assets, such as short-dated US Treasuries and overnight US Treasury repurchase agreements
- *Auditing*: Regularly audited by Deloitte & Touche LLP, with monthly third-party assurances on reserve holdings
*Use Cases:*
- *Global Payments*: Enables near-instant, low-cost transactions across borders
- *Decentralized Finance (DeFi)*: Used as collateral or for lending in DeFi applications
- *Digital Currency*: Provides a stable store of value, benefiting from blockchain technology's speed and security
*Availability:*
- *Blockchains*: Natively supported on 19 blockchain networks, including Ethereum, Solana, and Polygon PoS
- *Partnerships*: Used by over 1,000 banks, blockchains, distributors, and other partners, with $26 trillion in all-time transaction volume...
