$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. Here are some key points about USDC¹ ² ³:

- *Current Price*: $1.00

- *Market Capitalization*: $60.9 billion

- *24-hour Trading Volume*: $11.1 billion

- *Circulating Supply*: 60.89 billion USDC

USDC is issued by Circle, a regulated financial service business, and is backed by highly liquid cash and cash-equivalent assets. The reserves are regularly attested by independent auditors, ensuring transparency and security.

*Key Features:*

- *Redeemable 1:1*: USDC can be redeemed for US dollars on a 1:1 basis

- *Global Accessibility*: Available in 185 countries and supported by major blockchains

- *24/7 Liquidity*: Enables near-instant, low-cost global payments

- *Regulated*: Issued by Circle, a licensed financial service business

*Use Cases:*

- *Global Payments*: Fast and low-cost cross-border transactions

- *Trading*: Provides a stable store of value for traders

- *Decentralized Finance (DeFi)*: Used in various DeFi applications