$USDC

USDC, or USD Coin, is a stablecoin cryptocurrency pegged to the US dollar, issued by Circle. It's designed to maintain a stable value, making it ideal for fast, cheap, and global transactions. Here are some key facts about USDC ¹ ²:

- *Current Price*: $1.00, with minimal fluctuations, as it's backed by real cash and cash equivalents

- *Market Capitalization*: $61.46 billion, ranking it as one of the largest regulated stablecoins

- *Usage*: Available on various blockchain platforms, including Ethereum, Base, Polygon, and Solana, with support from major companies like Visa

- *Reserves*: Fully backed by US dollar-denominated assets, with transparency through monthly attestations by independent auditors like Deloitte & Touche LLP

- *Circulation*: Over $61 billion in circulation, with a growing network of banks, blockchains, and partners

- *Accessibility*: Can be accessed through exchanges, neobanks, and digital wallets, with Circle Mint enabling direct redemption for US dollars

USDC's benefits include ¹ ²:

- *Fast and Low-Cost Transactions*: Enables near-instant global payments

- *Security*: Backed by highly liquid assets and regulated financial institutions

- *Transparency*: Regular attestations and public disclosure of reserves

- *Accessibility*: Widely available on various platforms and blockchains

Overall, USDC offers a stable and secure way to transfer value globally, with growing adoption in the financial industry.