$USDC
USD Coin (USDC) is a stablecoin issued by Circle, pegged 1:1 to the US dollar, meaning each USDC token is backed by one US dollar or equivalent assets held in reserve6710. It operates mainly as an Ethereum ERC-20 token but is also available on other blockchains like Solana, Polygon, Algorand, Stellar, and TRON.
USDC is fully backed by highly liquid cash and cash-equivalent assets, with monthly reserve attestations by a Big Four accounting firm, ensuring transparency and regulatory compliance610. It is widely used for fast, low-cost global payments, portfolio balancing, hedging against volatility, and payment interoperability across blockchains.
As of May 2025, USDC has a market capitalization around $26 billion to $61 billion depending on the source, with a stable price very close to $1.00 USD6712. Recent large minting events (e.g., $250 million on May 6, 2025, and $73 million on May 7, 2025) indicate growing liquidity and potential increased trading activity in the crypto market.
USDC is supported by major partners including Visa, Mastercard, Binance, and Twitter, and is recognized as one of the largest regulated stablecoins globally6710.
In summary, USDC is a regulated, fully backed digital dollar stablecoin designed for global digital payments and financial applications, maintaining a stable value pegged to the US dollar with broad blockchain compatibility and institutional support.