USDC is a stable digital currency (stablecoin) backed by the US dollar, where one US dollar is held in reserve for each unit of USDC. It is issued by Circle, a regulated financial services company that adheres to strict US laws and regulations to protect your funds.
*Features of USDC:*
- *Stability*: The value of USDC is maintained at one US dollar, making it ideal for global payments and financial transfers.
- *Transparency*: USDC reserves are publicly disclosed, with monthly reports provided by a major accounting firm.
- *Security*: USDC reserves are held in separate bank accounts, managed by reputable financial firms like BlackRock.
- *Availability*: USDC can be used on over 20 blockchain networks, including Ethereum, Solana, and Polygon.
*Uses of USDC:*
- *Global Payments*: USDC can be used to send money quickly and securely around the world.
- *Digital Trade*: USDC can be used as a stable currency in digital trade, reducing the risks associated with price volatility.
- *Savings*: USDC can be used as a stable digital currency for saving and investing ¹ ².
*USDC Statistics:*
- *Market Cap*: Approximately $61.7 billion.
- *Daily Trading Volume*: Approximately $11.2 billion.
- *Circulating Supply*: Approximately 61.7 billion units ³.6287210056764514027887519820719257158495532561651436470
