$BNB

USD Coin (#USDC) is a widely used stablecoin pegged to the U.S. dollar, designed to maintain a 1:1 value with USD. It's issued by Circle, a fintech company, and was initially developed in partnership with Coinbase through the Centre Consortium. As of May 2025, USDC ranks among the top stablecoins by market capitalization, with a circulating supply of approximately 60.9 billion tokens.

🔍 Key Features of USDC

Full Reserve Backing: Each USDC token is backed by an equivalent amount of U.S. dollars or short-term U.S. Treasury securities held in regulated financial institutions. Circle provides transparency through regular attestations of these reserves.

Multi-Chain Availability: USDC operates primarily as an ERC-20 token on the Ethereum blockchain but is also available on other networks such as Solana, Polygon, and Algorand, enhancing its utility across various decentralized applications.

Regulatory Compliance: Circle emphasizes regulatory adherence, and USDC is subject to U.S. financial regulations, aiming to provide a secure and transparent stablecoin option.

Use Cases: USDC is commonly used for trading, remittances, decentralized finance (DeFi) applications, and as a stable store of value within the cryptocurrency ecosystem.

📊 Current Market Data

As of now, USDC is trading at approximately $1.00, reflecting its stable peg to the U.S. dollar. The market capitalization stands at around $60.9 billion, with a 24-hour trading volume exceeding $10 billion.