Why USDC?
USDC is a type of cryptocurrency known as a stablecoin. It combines the stability of the US dollar with the flexibility of cryptocurrency. One USDC is equal to one US dollar, making it a digital dollar that you can use online.
- Market cap$68.4BThe current price of USDC multiplied by its current circulating supply.
- 24hr volume$11.2BThe total dollar value of all USDC transactions over the past 24 hours. Includes data from all exchanges, not just bitcoin.com.au.
- Supply42.8BThe amount of USDC that is currently liquid and in circulation.
USDC’s features
The key feature of USDC is its stable value. Unlike other cryptocurrencies that can see huge spikes or drops in price, USDC is designed to stay at $1 USD. This makes it a safe choice for people looking to avoid volatility of other cryptos.
USDC operates on many blockchains. You can send USDC to anyone in the world almost instantly, without high fees or long wait times, just like sending an email.
For every USDC, there’s a real dollar kept in reserve, which means you can trust that your digital dollars are supported by actual money. This backing helps maintain USDC’s stable price and makes it a reliable form of digital currency for payments, savings, or as a bridge between different cryptocurrencies.