$USDC

USD Coin (USDC) is a stablecoin designed to provide a stable store of value and medium of exchange in the cryptocurrency market. Here's what you need to know about USDC:

*Key Features:*

- *Stable Value*: USDC is pegged to the US dollar, maintaining a 1:1 ratio to minimize volatility.

- *Transparency*: USDC reserves are regularly audited and published, ensuring that each token is fully collateralized.

- *Wide Adoption*: USDC operates on multiple blockchain networks, including Ethereum, Solana, Algorand, TRON, and Stellar.

- *Low Transaction Fees*: USDC transactions are relatively fast and cheap compared to traditional payment systems ¹ ².

*Use Cases:*

- *Payments*: USDC can be used for online transactions, allowing merchants to accept payments without worrying about price volatility.

- *Trading*: USDC is widely used as a stablecoin in cryptocurrency trading, providing a safe-haven asset during market downturns.

- *Cross-Border Transactions*: USDC enables fast and low-cost international transactions, making it an attractive option for remittances and global commerce.

*Recent Developments:*

- *Shopify Partnership*: Shopify has partnered with Coinbase and Stripe to enable USDC payments on its e-commerce platform, starting with a pilot program in June 2025.

- Version 2.2 Update: Circle, the issuer of USDC, has updated its stablecoin to version 2.2, which includes improvements to gas efficiency, account abstraction, and smart contract wallets ³ ⁴.

*Current Price and Market Data:*

- *Price*: $0.9997 (stable, with minimal fluctuations)

- *Market Capitalization*: $61.3 billion

- *24-Hour Trading Volume*: $3.2 billion

- *Circulating Supply*: 61.3 billion USDC tokens ²