In general, the state of USDC is good and stable. Here is a summary of the key points:

* Pegged to the US Dollar (Stablecoin): USDC is a stablecoin designed to maintain a 1:1 value with the US dollar. This means that every USDC in circulation is backed by one US dollar or its equivalent in highly liquid assets (such as short-term US Treasury bonds) held in regulated US financial institutions. This is the basis of its stability.

* Market Capitalization: The market capitalization of USDC is currently around 61.5 billion US dollars, making it one of the largest cryptocurrencies by market capitalization.

* Price Performance: The price of USDC is extremely stable and always close to 1 US dollar, with very minor fluctuations (usually within 0.01% over 24 hours).