$USDC USD Coin (USDC) is a stablecoin pegged to the US dollar, ensuring a stable value of approximately $1.00 per coin. It's designed for fast, low-cost transactions and is widely used for cross-border remittances, payments, and DeFi activities. Backed by cash and cash equivalents held in reserve, USDC provides transparency through regular attestations. It's available on over 15 blockchains and more than 100 cryptocurrency exchanges, making it a popular choice for traders and investors seeking stability. USDC's market capitalization is around $61.51 billion, and its reserves are primarily held in the Circle Reserve Fund, a government money market fund. This setup enables USDC to bridge traditional finance with blockchain technology.¹ ²