$USDC USDC (USD Coin) is a stablecoin cryptocurrency developed by Circle, pegged to the US dollar. Here's what you need to know:
*Key Features:*
- *Backed by US Dollars*: Each USDC is backed by equivalent US dollar-denominated assets held in reserve.
- *Redeemable 1:1*: USDC can be redeemed for US dollars at a 1:1 ratio.
- *Regulated*: USDC is issued by regulated entities of Circle, complying with strict US laws and standards.
- *Transparent Reserves*: Circle publishes monthly attestations of its reserves, ensuring transparency and accountability.¹ ²
*Usage:*
- *Global Payments*: USDC enables fast, low-cost global payments, available 24/7.
- *Trading*: USDC is widely accepted on major cryptocurrency exchanges, such as Binance, Coinbase, and OKX.
- *Savings*: USDC can be held as a digital dollar, providing a stable store of value.
*Availability:*
- *Blockchains*: USDC is natively supported on 19 blockchain networks, including Ethereum, Solana, and Polygon.
- *Accessibility*: USDC is available in over 185 countries, with a growing network of partners and apps.³
*Market Presence:*
- *Circulation*: USDC has a significant presence in the market, with