$USDC

USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed to maintain a stable value. Here are some key details ¹:

- *Current Price*: $0.9998, with a 0.00% change in the last 24 hours

- *Market Capitalization*: Approximately $61.402 billion

- *Circulating Supply*: 61.414919384 billion USDC tokens

- *24-hour Trading Volume*: $5.76369721331 billion

*Key Features:*

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

- *Redeemable 1:1*: USDC can be redeemed for US dollars on a 1:1 basis

- *Transparent Reserves*: Circle, the issuer of USDC, provides regular attestations and transparency reports on its reserves

- *Multi-Blockchain Support*: USDC is available on various blockchains, including Ethereum, Algorand, Arbitrum, and more

*Use Cases:*

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

- *Stable Store of Value*: USDC's stable value makes it an attractive store of value in volatile cryptocurrency markets

- *Decentralized Finance (DeFi)*: USDC is widely used in DeFi applications, such as lending, borrowing, and trading ² ¹.