USDC, or USD Coin, is a stablecoin that's pegged to the US dollar, meaning its value is designed to mirror the dollar's value. Here are some key things to know about USDC ¹ ²:

- *Current Price*: $0.9997 USD, with a 0.01% change over the last 24 hours

- *Market Cap*: $61.05 billion, representing the total value of USDC in circulation

- *Circulating Supply*: 61.07 billion USDC

- *Backing*: USDC is fully backed by highly liquid cash and cash-equivalent assets, such as short-dated US Treasuries and overnight US Treasury repurchase agreements

- *Redeemability*: USDC can be redeemed 1:1 for US dollars

- *Availability*: USDC is available on 20 blockchain networks, including Ethereum, Solana, and Polygon PoS

- *Usage*: USDC enables fast, cheap, and global transactions, making it suitable for various use cases, such as payments, trading, and lending

Some benefits of USDC include ³ ²:

- *Stability*: USDC's value is pegged to the US dollar, reducing volatility

- *Security*: USDC is backed by high-quality assets and is issued by regulated entities

- *Accessibility*: USDC is widely available on various blockchain networks and can be accessed through multiple platforms

- *Transparency*: Circle, the issuer of USDC, provides regular attestations and disclosures on the reserves backing USDC

Overall, USDC is a popular stablecoin that offers a stable store of value and a convenient way to transact in digital assets.$USDC