$USDC USDC (USD Coin) is a dollar stablecoin jointly issued by Circle and Coinbase, pegged to the US dollar at a 1:1 ratio, with cash and short-term US Treasury bonds as reserves to ensure price stability. Its core advantages include:

1. Stability and Transparency: Regular audits of reserves, compliance recognized by regulators, particularly outstanding performance in European and American markets;

2. Wide Application: As a mainstream trading pair and DeFi collateral, it supports multi-chain circulation (such as Ethereum, Solana), with a projected 78% increase in circulation in 2024;

3. Hedging Function: Serves as a safe haven for funds during volatility in the crypto market, with a recent weekly increase of 1.1 billion in circulation.

In terms of risks, attention needs to be paid to tightening regulations (such as the 'GENIUS Act'), competition from USDT, and the squeezing effect of traditional financial institutions (such as PayPal) entering the market. The current market value is $61.4 billion, firmly holding the second position in the industry.