$USDC *Coin Pair $USDC: Understanding USD Coin*
The USDC coin pair represents the USD Coin, a stablecoin pegged to the US dollar. Here's a quick look:
- *Current Price*: $1.00
- *Market Cap*: $33.7 billion
- *24h Price Change*: 0.01%
- *Circulating Supply*: 33.7 billion USDC
*Key Features*
- *Stability*: USDC is designed to maintain a stable value, reducing volatility risks.
- *Transparency*: USDC is backed by fully reserved assets, with regular audits to ensure transparency.
- *Wide Adoption*: USDC is widely used in DeFi, trading, and payments.
*Use Cases*
- *Trading*: USDC is often used as a stable store of value in trading pairs.
- *DeFi*: USDC is used in lending, borrowing, and yield farming protocols.
- *Payments*: USDC enables fast and secure transactions [6].