"USDC is a popular stablecoin pegged to the US dollar, offering stability in the volatile crypto market. Here are some key facts about USDC ¹ ²:
- *Current Price*: USDC's price is down 0.03% in the last 24 hours, with a current ranking of 7 out of 50,441 coins.
- *Market Cap*: USDC has a live market cap of $61.18 billion, with a circulating supply of 61.2 billion USDC coins.
- *Backing*: USDC is backed by equivalent US dollar-denominated assets held as reserves, including cash and short-dated US Treasuries.
- *Use Cases*: USDC offers global opportunities for payments, trading, and investments. Its stability makes it an attractive option for those seeking to minimize risk."
