$USDC USDC (USD Coin) is a stablecoin cryptocurrency issued by Circle, pegged to the US dollar. Here's what you need to know:

*Key Features:*

- *Backed by US Dollars*: USDC is fully reserved, meaning every coin in circulation is backed by an equivalent amount of US dollars held in reserve.

- *Redeemable 1:1*: USDC can be redeemed for US dollars on a one-to-one basis.

- *Regulated*: Circle, the issuer of USDC, is licensed and regulated by various financial authorities worldwide, including the New York State Department of Financial Services and the Bermuda Monetary Authority.

*Usage:*

- *Global Payments*: USDC enables near-instant, low-cost global payments, making it ideal for cross-border transactions.

- *Blockchain Support*: USDC operates on multiple blockchain platforms, including Ethereum, Solana, Polygon, and more, with over $26 trillion in all-time transaction volume.

- *Partnerships*: Major companies like Visa and Coinbase have integrated USDC into their systems, further expanding its reach ¹ ² ³.

*Market Performance:*

- *Market Capitalization*: USDC's market cap stands at approximately $61 billion, with a circulating supply of around 61 billion coins.

- *Price Stability*: USDC maintains a stable value, typically trading very close to $1 USD, with minimal price fluctuations.

*Benefits:*

- *Low Transaction Fees*: USDC transactions are often cheaper and faster compared to traditional payment methods.

- *Transparency*: Circle provides regular attestations and transparency reports, ensuring the reserve backing USDC is adequately maintained ⁴ ¹.