$USDC
USDC, or USD Coin, is a stablecoin cryptocurrency pegged to the US dollar on a 1:1 basis. It's designed to provide a stable store of value and facilitate fast, low-cost transactions.
*Key Features:*
- *Backed by US dollar-denominated assets*: USDC is fully reserved, with assets held in a mix of cash and short-term US Treasury bonds.
- *Regulated*: USDC is issued by Circle, a licensed money transmitter and digital asset business.
- *Multi-blockchain support*: USDC is available on 19 blockchain networks, including Ethereum, Solana, and Polygon.
*Benefits:*
- *Stable value*: USDC maintains a stable value relative to the US dollar.
- *Fast transactions*: USDC enables near-instant, low-cost global payments.
- *Wide adoption*: USDC is supported by many exchanges, wallets, and service providers ¹ ² ³.
*Usage:*
- *Trading*: USDC provides a safe haven for crypto traders during times of volatility.
- *Payments*: USDC can be used for business payments and transactions.
- *Decentralized finance*: USDC is used in DeFi applications, such as lending and borrowing ³.
*Market Data:*
- *Market capitalization*: $61.36 billion
- *Circulating supply*: 61.36 billion USDC
- *Current price*: $1.00 with a 0.02% daily change ³
