$USDC USDC, or USD Coin, is a stablecoin designed to maintain a 1:1 ratio with the US dollar. It's issued by Circle, a global financial technology firm specializing in digital currency and blockchain technology. Here are some key points about USDC¹ ² ³:

- *Stable Value*: USDC is backed by highly liquid cash and cash-equivalent assets, ensuring its value remains stable and redeemable 1:1 for US dollars.

- *Fast and Cheap Transactions*: USDC enables near-instant transactions with low fees, making it ideal for cross-border payments and remittances.

- *Wide Adoption*: USDC is widely available on over 100 cryptocurrency exchanges and natively issued on more than 15 blockchain networks.

- *Regulated*: USDC is issued by Circle, a regulated financial service business that follows strict US laws and standards to protect users' funds.

- *Transparency*: The reserves backing USDC are publicly visible, with monthly assurances from a Big Four accounting firm.

*Current Stats:*

- *Price*: $0.99981100

- *Market Cap*: $61.495576040 billion

- *Circulating Supply*: 61.518757080 billion USDC

- *24h Volume*: $10.030052880 billion

USDC's stability and transparency make it a popular choice for various use cases, including:

- *Cross-Border Payments*: Fast and low-cost international transfers

- *DeFi Trading*: A stable store of value and medium of exchange

- *Savings*: Hold digital dollars in 185 countries

- *Trading*: Protect against volatility on top exchanges

Overall, USDC offers a reliable and efficient way to transact and store value in the digital economy.