$USDC

The current price of USD Coin (USDC) is $0.9997-$1.00, with a market capitalization of around $60.61 billion. USDC is a stablecoin pegged to the US dollar, meaning its value is designed to maintain a 1:1 ratio with the dollar. It's issued by Circle, in partnership with Coinbase, and is backed by regulated financial institutions. The token is available on various blockchains, including Ethereum, Algorand and Solana.¹ ²

*Key Statistics:*

- *Market Capitalization*: $60.61 billion

- *Circulating Supply*: 60.63 billion USDC

- *24-hour Trading Volume*: $11.94 billion

- *All-Time High*: $2.35 (November 16, 2021)

- *All-Time Low*: $0.8774 (March 11, 2023)

USDC serves multiple purposes, including:

- *Stable Store of Value*: A safe haven during market volatility

- *Trading Pair*: A common denominator for trading pairs on exchanges

- *Cross-Border Payments*: Fast, low-cost international transfers

- *DeFi Applications*: Used in decentralized finance platforms

In Pakistan, the current price of USDC is approximately ₨281.68.