$USDC (USD Coin) is a stablecoin pegged to the US dollar, offering stability in the volatile cryptocurrency market. Launched in 2018 by Centre Consortium, a partnership between Coinbase and Circle, $USDC is backed 1:1 by dollar reserves or cash equivalents, audited monthly by Grant Thornton LLP. This transparency and regulatory compliance make $USDC a reliable choice for individuals and businesses. With a current price of $0.9998, USDC has a market capitalization of $60.61 billion and a circulating supply of 60.63 billion tokens. Its utility extends to trading, remittances and DeFi applications, providing a predictable and secure way to engage with the crypto economy ¹ ².