$USDC

USD Coin (USDC) is a stablecoin pegged to the US dollar, issued by Circle. Its current price is $1.00, with a market capitalization of $61.05 billion. USDC operates on multiple blockchain platforms, including Ethereum ERC-20, Base, and Polygon, and is designed for fast and low-cost transactions.

*Key Features:*

- *Stable Value*: USDC maintains a stable value, equivalent to $1 USD

- *Blockchain Support*: Available on 19 blockchain networks, including Ethereum, Solana, and Stellar

- *Redeemable*: Can be redeemed 1:1 for US dollars

- *Transparency*: Circle provides regular attestations of USDC reserves, ensuring transparency and trust

*Use Cases:*

- *Decentralized Finance (DeFi)*: USDC is widely used in DeFi for trading, lending, and borrowing

- *International Payments*: Enables fast and low-cost cross-border transactions

- *Store of Value*: Provides a stable store of value, reducing volatility risks

*Reserves:*

- *US Dollars*: 12% of reserves are held in US dollars in bank accounts

- *US Treasury Bills*: 88% of reserves are invested in short-dated US Treasury bills¹

With over $41 billion in assets under management, USDC is a popular stablecoin, competing with Tether (USDT) in the market.