$USDC

Here’s your quick $USDC (USD Coin) snapshot as of June 14, 2025:

🪙 $USDC Overview

Current Price: ~$0.998 🟠 (slightly below peg)

Market Cap: ~$29.4B

Circulating Supply: ~29.5B

Rank: #6 by market cap

Issuer: Circle, with backing from Coinbase

🔍 What’s Happening with USDC?

Slight Depeg Alert:

USDC has slipped slightly below $1.00 — this often happens during high crypto volatility or liquidity squeezes.

Reasons for Depeg (Possible):

Arbitrage activity in DeFi

Large redemptions or swaps (especially on Ethereum/L2s)

General market panic or cash-out movement

🧠 USDC Strengths

Fully backed by cash & U.S. Treasuries (monthly audited)

Regulated and transparent

Key player in cross-chain & institutional DeFi (e.g., Base, Ethereum, Solana, Avalanche)

⚠️ Risks to Watch

Centralization: Circle can freeze wallets.

Regulatory impact: U.S. stablecoin legislation may shift dynamics.

Competing stablecoins (USDT, PYUSD, FDUSD, etc.)

🔄 USDC vs USDT

FeatureUSDCUSDTBackingCash & TreasuriesMixed (less transparent)RegulationHigherLowerDepeg FrequencyRare but possibleMore frequent in historyUsage in U.S.PreferredLess favored

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