$USDC

USDC, or USD Coin, is a stablecoin pegged to the US dollar on a 1:1 basis. Here are some key statistics .

- *Current Price*: $0.9998-$1.00

- *Market Capitalization*: $61.46-$61.51 billion

- *24-hour Trading Volume*: $5.60-$10.94 billion

- *Circulating Supply*: 61.47-61.48 billion USDC

*Key Features:*

- *Stablecoin*: USDC is designed to maintain a stable value, minimizing price volatility.

- *Regulated*: USDC is issued by Circle, a regulated financial service business.

- *Backed by US Dollars*: USDC is fully backed by US dollar-denominated assets held in reserve .

*Usage:*

- *Fast and Cheap Transactions*: 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.

*Exchange Rates:*

- *USDC to PKR*: ₹283.36 (Pakistani Rupee)

- *USDC to EUR*: €0.87 (Euro)

- *USDC to NGN*: NGN 1,545.66 (Nigerian Naira)

USDC has gained significant traction, with Visa initiating a pilot program to send USDC via the Solana blockchain and Circle launching USDC on Ripple's XRP Ledger.