$USDC The USD Coin (USDC) is a stablecoin that's pegged to the US dollar. Its current price is around $0.9998, with a market capitalization of approximately $58.07 billion.¹
The USDC is an ERC-20 token, which means it's built on the Ethereum blockchain. It's backed by a reserve of assets, which includes US dollars and US Treasury bonds. This reserve ensures that the USDC maintains its peg to the US dollar.²
Here are some key stats about the USDC:
- *Circulating Supply*: approximately 58.08 billion USDC
- *All-Time High*: $2.35, recorded on November 16, 2021
- *All-Time Low*: $0.8774, recorded on March 11, 2023
- *24-Hour Trading Volume*: around $12.22 billion³
The USDC is widely used in the cryptocurrency market, particularly for trading and lending. Its stability and low volatility make it an attractive option for investors and traders looking to hedge against market fluctuations.
The USDC is an ERC-20 token, which means it's built on the Ethereum blockchain. It's backed by a reserve of assets, which includes US dollars and US Treasury bonds. This reserve ensures that the USDC maintains its peg to the US dollar.²
Here are some key stats about the USDC:
- *Circulating Supply*: approximately 58.08 billion USDC
- *All-Time High*: $2.35, recorded on November 16, 2021
- *All-Time Low*: $0.8774, recorded on March 11, 2023
- *24-Hour Trading Volume*: around $12.22 billion³
The USDC is widely used in the cryptocurrency market, particularly for trading and lending. Its stability and low volatility make it an attractive option for investors and traders looking to hedge against market fluctuations.