$USDC

USDC (USD Coin) is a stablecoin pegged to the US dollar, designed to provide stability in the volatile cryptocurrency market. It's a tokenized version of the US dollar, fully backed by cash and cash equivalents, and redeemable 1:1 for US dollars.

*Key Features:*

- *Stable Value*: Maintains a 1:1 peg with the US dollar

- *Transparency*: Regular attestations from independent accounting firms

- *Wide Acceptance*: Supported on over 15 blockchains, including Ethereum, Solana, and Avalanche

- *Fast Transactions*: Enables near-instant, low-cost global payments

*Uses:*

- *Cross-Border Remittances*: Fast and cheap transactions

- *Hedge Against Volatility*: Stability in crypto market fluctuations

- *Savings*: Earn interest on USDC holdings on some exchanges

- *Payments*: Accepted by merchants worldwide for everyday purchases

USDC's market capitalization stands at $60.61 billion, with a 24-hour trading volume of $11.94 billion ¹.