$USDC [6/7, 3:12 PM] Meta AI: USDC, or USD Coin, is a type of cryptocurrency known as a stablecoin. It's designed to maintain a stable value pegged to the US dollar, making it a reliable choice for transactions and investments. Here are some key things you might want to know about USDC ¹ ²:

- *Backing and Reserves*: USDC is fully backed by highly liquid cash and cash-equivalent assets, which means it's redeemable 1:1 for US dollars. The reserves are regularly attested by independent third-party auditors, like Deloitte & Touche LLP and Grant Thornton LLP.

- *Usage and Availability*: USDC operates on multiple blockchain platforms, including Ethereum, Base, Polygon, Solana, and more. It's widely used for global payments, settlements, and transactions due to its stability and speed.

- *Market Performance*:

[6/7, 3:12 PM] Meta AI: USDC, or USD Coin, is a type of cryptocurrency known as a stablecoin. It's designed to maintain a stable value pegged to the US dollar, making it a reliable choice for transactions and investments. Here are some key things you might want to know about USDC ¹ ²:

- *Backing and Reserves*: USDC is fully backed by highly liquid cash and cash-equivalent assets, which means it's redeemable 1:1 for US dollars. The reserves are regularly attested by independent third-party auditors, like Deloitte & Touche LLP and Grant Thornton LLP.

- *Usage and Availability*: USDC operates on multiple blockchain platforms, including Ethereum, Base, Polygon, Solana, and more. It's widely used for global payments, settlements, and transactions due to its stability and speed.

- *Market Performance*: As of now, USDC has a market capitalization of around $61 billion and is currently trading at $0.9997, with a 0.0% change in the last 24 hours.

- *Issuer and Governance*: USDC is issued by Circle, a financial technology company that's well-regulated and licensed in various jurisdictions. Circle has full governance over USDC after dissolving the Centre Consortium