$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, ensuring a stable value. It's designed for fast, low-cost transactions and is widely used in the crypto ecosystem. Here are some key points about USDC ¹ ² ³:

- *Current Price*: $0.99989, with a 0.01% increase in the past 24 hours

- *Market Capitalization*: $61.47 billion

- *24-hour Trading Volume*: $10.40 billion

- *Circulating Supply*: 61.52 billion USDC

- *Backing*: Fully backed by highly liquid cash and cash-equivalent assets, such as short-term US Treasuries and overnight US Treasury repurchase agreements

USDC is issued by Circle, a regulated financial service business, and operates on multiple blockchains, including Ethereum, Algorand, Solana, and Tron. Its stability makes it a popular choice for ¹ ² ³:

- *Trading*: As a safe-haven asset during market volatility

- *Payments*: For fast and low-cost transactions

- *Lending*: To earn interest on USDC holdings through lending protocols

- *DeFi*: As a stable store of value in decentralized finance applications

Some notable benefits of USDC include ³ ¹:

- *Redeemability*: 1:1 redeemable for US dollars

- *Transparency*: Monthly attestations of reserves

- *Security*: Backed by highly liquid assets and regulated by financial authorities

- *Accessibility*: Available on multiple blockchains and supported by various exchanges and wallets