$USDC
USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. Its current price is $0.999879, with a market capitalization of approximately $61.47 billion. The 24-hour trading volume is around $10.55 billion, and it has a circulating supply of 61.48 billion USDC coins.
*Key Statistics:*
- *Current Price*: $0.999879
- *Market Capitalization*: $61.47 billion
- *24-hour Trading Volume*: $10.55 billion
- *Circulating Supply*: 61.48 billion USDC
- *All-time High*: $2.35 (reached on November 16, 2021)
- *All-time Low*: $0.8774 (reached on March 11, 2023)
USDC is designed to provide a stable store of value and medium of exchange, making it a popular choice for crypto traders and investors. It's issued by regulated financial institutions and backed by US dollar-denominated assets held in reserve .
You can buy USDC on various cryptocurrency exchanges, such as Binance, Coinbase, and OKX. Some popular ways to use USDC include.
- *Sending and receiving money*: USDC enables fast and cheap cross-border transactions.
- *Trading and investing*: USDC is often used as a stable store of value in cryptocurrency markets.
- *Decentralized finance (DeFi)*: USDC is used in various DeFi applications, such as lending and borrowing.