**Short Note on USDC (USD Coin) – May 2024**

**USDC** is a leading **stablecoin** pegged 1:1 to the US dollar, issued by **Circle** in collaboration with **Coinbase**. As of May 2024, it remains a top choice for crypto traders and DeFi users due to its transparency, regulatory compliance, and full reserve backing (cash + short-term US Treasuries).

### **Key Updates (2024):**

- **Expansion:** Growing adoption in cross-border payments and institutional finance.

- **Regulation:** Compliant with upcoming **MiCA (EU)** and **US stablecoin laws**.

- **Blockchain Support:** Available on **Ethereum, Solana, Avalanche, and more**.

- **Market Cap:** ~$30 billion (fluctuates based on demand).

USDC continues to be a trusted stablecoin, emphasizing stability and regulatory clarity in the crypto ecosystem.