$USDC is a popular stablecoin pegged to the US dollar, offering a reliable store of value and medium of exchange in the crypto market. Here are some key facts about USDC ¹ ²:
- Current Price: USDC is trading at $0.9999, with a 24-hour trading volume of $8.34 billion. Its market capitalization stands at $61.4 billion.
- Backing: USDC is fully backed by US dollar-denominated assets, including cash and short-term US Treasury bonds, held in reserve by Circle.
- Usage: USDC is widely used in DeFi protocols, gaming, and cross-border payments, thanks to its stability and transparency.
- Availability: USDC is available on major blockchains like Ethereum, Solana, and Polygon, and can be purchased on top crypto exchanges like Binance and Coinbase.
,Reserve Transparency: Circle provides monthly attestations of USDC reserves, ensuring transparency and trust in the stablecoin.
With its stability and growing adoption, USDC continues to be a popular choice for users seeking a reliable digital dollar.