$USDC

USDC is a type of dollar stablecoin issued in collaboration between Circle and Coinbase. Among all dollar stablecoins, USDC ranks second in market capitalization and circulation, only behind USDT, which is why many people consider USDC as an alternative option to USDT.

According to a report by Circle, in November 2024 alone, the trading volume of USDC reached a staggering 1 trillion dollars, with a total historical trading volume exceeding 18 trillion dollars.

A stablecoin means that the token's price is pegged to the dollar at a 1:1 ratio. Compared to other cryptocurrencies with extreme price volatility, it has the function of value stability and is widely used in cryptocurrency trading. Many exchanges offer trading pairs priced in USDC, and many institutions also accept USDC for payments.

When USDC is issued, an equivalent amount of dollars is held as reserves. Circle regularly provides proof of reserves and auditor reports and has obtained regulatory licenses from many countries. Most importantly, USDC has gained relevant regulatory approval in the United States, which may lead to broader adoption in the payment sector by more enterprises.