$USDC USDC, or USD Coin, is a stable digital currency pegged to the US dollar. Here are some key details about USDC ¹ ²:
- *Current Price*: $1.00
- *Market Cap*: $61.05 billion
- *Circulating Supply*: 60,900,668,610
- *Conversion Rate*: 1 USDC = ₹86.03 (Indian Rupee)
USDC offers several benefits, including ²:
- *Fast and Cheap Transactions*: Send money across the globe in seconds, often for fractions of a penny
- *Global Accessibility*: Available in 185 countries and counting
- *Security*: Fully backed by real cash and cash equivalents, with transparent reserves
- *Regulation*: Issued by Circle, a regulated financial service business that follows strict US laws and standards
You can use USDC for various purposes, such as:
- *Sending Money*: Transfer funds across borders quickly and affordably
- *Saving*: Hold digital dollars in a secure and stable form
- *Trading*: Protect against volatility and make trades on top exchanges
- *Spending*: Make secure, real-time payments online and in person
Some popular platforms for using USDC include ²:
- *Binance*: A large global crypto exchange offering USDC trading and management
- *Coinbase*: A centralized exchange for buying, selling, and trading USDC
- *OKX*: A leading cryptocurrency exchange and Web3 platform offering USDC trading and services