$USDC
USD Coin (USDC) is a cryptocurrency stablecoin pegged to the US dollar, issued by Circle. It's designed to maintain a stable value, making it a reliable store of value and medium of exchange. Here are some key details about USDC¹ ²:
- *Current Price*: $1.00
- *Market Cap*: $61.05 billion
- *Backing*: Fully reserved with highly liquid cash and cash-equivalent assets, redeemable 1:1 for US dollars
- *Blockchain Support*: Available on 19 blockchain networks, including Ethereum, Solana, and Polygon
- *Transaction Volume*: Over $26 trillion in all-time volume
- *Regulation*: Compliant with Markets in Crypto-Assets (MiCA) and licensed in multiple jurisdictions, including the US, EU, and Singapore
- *Auditing*: Regularly audited by independent auditors, with Deloitte & Touche LLP serving as Circle's auditor since fiscal 2022
USDC's stability and reliability make it an attractive option for businesses and individuals looking for a digital dollar. Its widespread adoption and support across various blockchain networks enable fast, low-cost transactions.