USDC: what it is and what can be measured

Stablecoin backed by currency reserves, issued by Circle.

A dollar token issued by Circle, meant to be worth one US dollar and backed by cash and short-term US government debt.

How much exists

$74.13 billion in existence worldwide, Read 2 hours ago, from DefiLlama's public stablecoin feed.

Mostly on ethereum (61.7%), hyperliquid l1 (9.9%), solana (9.6%).

This counts USDC everywhere in the world. A public blockchain does not record which country a holder is in, so 20kobo cannot tell you how much of this is Nigerian, and does not guess.

Why a Nigerian investor might care

Used by some payment and remittance companies for settlement. As with any public blockchain token, the ledger does not say which country a holder is in.

Information only, not advice about buying or holding anything.