$USDC
USDC, or USD Coin, is a stablecoin cryptocurrency pegged to the US dollar. Here are some key facts about USDC ¹ ²:
- *Current Price*: $0.9999, with a 0.0% change in the last 24 hours
- *Market Cap*: $61.37 billion, ranking #7 on CoinGecko
- *24-Hour Trading Volume*: $3.25 billion, representing a 47.50% decrease from one day ago
- *Circulating Supply*: 61.38 billion USDC tokens
USDC is issued by Circle, a regulated financial service business, and is backed by fully reserved assets, including cash and short-term US Treasury bonds. It's available on various blockchain platforms, such as Ethereum, Solana, and Polygon, and can be purchased on cryptocurrency exchanges like Binance and Coinbase.
*Key Features:*
- *Stability*: USDC is designed to maintain a stable value, reducing the risk of price volatility
- *Transparency*: Circle regularly publishes attestations of USDC's reserves
- *Accessibility*: USDC is available on multiple blockchain platforms and can be used for various purposes, including payments, trading, and lending
*Use Cases:*
- *Payments*: USDC can be used for fast and secure transactions
- *Trading*: USDC provides a stable store of value for traders
- *Lending*: USDC can be used as collateral for loans
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You can find more information about USDC on CoinGecko or Circle's official website.