$USDC

As of May 16, 2025, USD Coin (USDC) is trading at approximately $0.9999 USD, maintaining its peg to the U.S. dollar. The 24-hour trading volume stands at around $11.47 billion, with a circulating supply of about 60.64 billion USDC, resulting in a market capitalization of approximately $60.64 billion.

USDC is issued by Circle, a U.S.-regulated financial technology firm. The stablecoin is backed 1:1 by cash and short-term U.S. Treasury bonds, with monthly attestations provided by independent auditors to ensure transparency and trust.

Recent developments include Circle's efforts to expand USDC's accessibility in the Asia-Pacific region, aiming to enhance on- and off-ramp capabilities for users. This initiative seeks to position USDC as a standard for digital dollar transactions, particularly in regions with high remittance flows and growing interest in stablecoins.

In terms of market position, USDC is the second-largest stablecoin by market capitalization, trailing behind Tether (USDT), which currently has more than double USDC's market cap.

USDC's consistent value and regulatory compliance continue to make it a preferred choice for traders, investors, and institutions seeking a stable digital asset.