$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. It's designed for fast, cheap, and global transactions, making it an attractive option for those looking to mitigate volatility in cryptocurrency markets. Here are some key features¹ ² ³:

- *Backing*: Every USDC in circulation is backed by $1 held in reserve, in a mix of cash and short-term US Treasury bonds.

- *Redeemability*: USDC can be redeemed 1:1 for US dollars, providing liquidity and stability.

- *Regulation*: USDC is issued by regulated financial institutions, such as Circle, which follows strict US laws and standards to protect user funds.

- *Accessibility*: USDC is available on various platforms, including Binance, Coinbase, and OKX, and can be used for transactions, savings, and trading.

- *Blockchain Support*: USDC is natively supported on 20 blockchain networks, including Ethereum, Solana, and Polygon PoS.

The current market capitalization of USDC is around $60.61 billion, with a 24-hour trading volume of $11.94 billion. The price of USDC remains stable, with a current price of $0.9997 and a 0.01% change in the last 24 hours.