#USDC✅

USDC is a stablecoin pegged to the US dollar at a 1:1 ratio, meaning that each unit of USDC is backed by one US dollar in reserve. It is issued by regulated financial institutions and governed by the Centre consortium, which was created by Coinbase.

*USDC Features:*

- *Stability*: Aims to maintain a stable value at one US dollar.

- *Reserve*: Backed by a mixture of cash and short-term US Treasury bonds.

- *Trading*: Available on multiple blockchains, including Ethereum, and can be traded on several cryptocurrency exchanges.

- *Uses*: Can be used as a safe haven for cryptocurrency traders, for digital payments, and in decentralized finance (DeFi).

*USDC Price:*

- Current price: Approximately 0.9998 US dollars.

- Market capitalization: Approximately 61.71 billion dollars.

- Daily trading volume: Approximately 5.11 billion dollars.