#USDC✅

USDC, or USD Coin, is a stablecoin that's pegged to the US dollar, maintaining a stable value. Here are some key details about USDC¹ ² ³:

- *Current Price*: $1.00, with 0% change in the last 24 hours

- *Market Cap*: $61.49 billion, ranking #7 in market capitalization

- *Circulating Supply*: 61 billion USDC

- *Total Supply*: 61 billion USDC

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

USDC is issued by Circle, a regulated financial service business, and is backed 100% by highly liquid cash and cash-equivalent assets. The reserve is designed to provide holders with ready liquidity, even under extremely stressed conditions.⁴

*Key Features of USDC:*

- *Stability*: USDC is designed to maintain a stable value, equivalent to the US dollar

- *Transparency*: Circle publishes regular independent audit reports, providing transparency on USDC's reserves

- *Security*: USDC is built on blockchain technology, ensuring secure and fast transactions

- *Regulation*: USDC is regulated and compliant with relevant laws and standards

*Use Cases for USDC:*

- *Fast and Low-Cost Transactions*: USDC enables near-instant, low-cost global payments

- *Decentralized Finance (DeFi)*: USDC is widely used in DeFi applications, such as lending and borrowing platforms

- *Cross-Border Payments*: USDC facilitates international transactions, reducing costs and increasing efficiency

Overall, USDC is a popular stablecoin that offers a stable store of value and a reliable medium of exchange.