$USDC

USDC (USD Coin) is a stablecoin, which means its value is designed to remain linked to the US dollar at a 1:1 ratio. This differentiates it from other more volatile cryptocurrencies like Bitcoin or Ethereum.

In summary, as of June 7, 2025:

* Price: The price of USDC remains around $1.00 USD. You may see slight fluctuations of a few cents, but its goal is always to return to parity with the dollar. In terms of the local currency of Bolivia, 1 USDC is approximately equivalent to 6.92 BOB.

* Trading volume and market capitalization: USDC maintains a significant market capitalization, positioning it among the top cryptocurrencies by this indicator. Its daily trading volume is in the billions of dollars.

* Backing: Each USDC is backed by reserves of US dollars and cash equivalents in accounts of regulated financial institutions in the US. This backing is regularly audited to ensure transparency.

* Functionality: USDC is widely used for:

* Global payments and transfers: It allows for quick and efficient money movement internationally.

* Hedging against volatility: Being linked to the dollar, it offers a stable alternative in volatile crypto markets.

* Integration in DeFi (Decentralized Finance): It is a fundamental asset in many DeFi protocols and decentralized exchanges.

* Recent news: There have been news about:

* Circle (issuer of USDC) with plans for an IPO.

* Launch of new cross-border payment networks by Circle.

* Approval of USDC in regulatory frameworks of different countries, such as Japan.

* An increase in the trading volume of USDC in recent months.

Overall, USDC remains one of the most important and reliable stablecoins in the crypto ecosystem, valued for its stability and transparency.