$USDC As of May 9, 2025, USD Coin (USDC) is trading at approximately $0.9999 USD, maintaining its 1:1 peg to the U.S. dollar. With a circulating supply of about 61.5 billion tokens, USDC’s market capitalization stands at roughly $61.5 billion. The stablecoin has a 24-hour trading volume of around $9.6 billion, reflecting its significant role in the cryptocurrency market.   

USDC is a fully collateralized stablecoin issued by Circle, backed by a combination of cash and short-term U.S. Treasury bonds. This backing ensures its price stability and has made it a preferred choice for various applications, including decentralized finance (DeFi), cross-border payments, and as a trading pair on numerous cryptocurrency exchanges. 

Recent developments indicate a growing demand for USDC. Notably, a minting of 250 million USDC was reported, signaling increased market liquidity and potential institutional interest. Additionally, Circle has partnered with Onafriq to facilitate cross-border payments across 40 African countries, aiming to reduce transaction costs and enhance financial inclusion in the region.  

USDC’s consistent stability and expanding use cases underscore its prominence in the digital asset ecosystem.$USDC