On May 4, 2025, USD Coin (USDC) is trading at around $1.00, which corresponds to its status as a stable cryptocurrency pegged to the US dollar. The market capitalization of USDC is approximately $61.5 billion, with a trading volume over the last 24 hours of around $5.4 billion.

USDC is a stable cryptocurrency fully backed by reserves in US dollars, including cash and short-term government bonds. These reserves are held in regulated financial institutions, such as The Bank of New York Mellon, and managed by BlackRock through the Circle Reserve fund.

Since its launch in 2018, USDC has demonstrated stability despite the overall volatility of the cryptocurrency market. Recently, its market capitalization reached a record high, exceeding $60 billion, indicating growing trust and usage of this stablecoin.

USDC is available on various blockchains, including Ethereum, Solana, Algorand, Stellar, Tron, and Hedera, ensuring its broad compatibility with decentralized finance (DeFi) applications and smart contracts.