$USDC $USDC, also known as USD Coin, is a cryptocurrency stablecoin issued by Circle ¹. It's pegged to the United States dollar, maintaining a stable value, and is redeemable 1:1 for US dollars ² ³. As of June 19, 2025, the current price of USDC is $1.00, with a market capitalization of $61.51 billion ¹.
*Key Features:*
- _Fully Backed_: USDC is backed 100% by highly liquid cash and cash-equivalent assets ².
- _Redeemable_: USDC is redeemable 1:1 for US dollars ² ³.
- _Multi-Blockchain Support_: USDC operates on several blockchain platforms, including Ethereum, Solana, and Polygon ².
- _Regulated_: Circle, the issuer of USDC, is regulated by various authorities, including the New York State Department of Financial Services and the Bermuda Monetary Authority ⁴.
*Use Cases:*
- _Global Payments_: USDC enables near-instant, low-cost global payments ³.
- _Digital Assets_: USDC is used in various digital asset markets and exchanges ⁴.
- _Financial Institutions_: USDC is used by financial institutions for various purposes, including payments and settlements ⁴.
