|USD Coin (USDC)||Buy USD Coin Now|
|USDC, or USD Coin, is a cryptocurrency that is a digital counterpart to the US dollar. It refers to the so-called stablecoins, coins, which exchange rate depends on the hard fiat currency.|
|Change 7d||0%||Market Cap||$49 720 551 593|
|Available supply||49 714 503 272 USDC|
|Volume 24h||$3 580 779 708|
|Updated||Sunday, September 25, 2022 8:00:07AM UTC|
General USDC facts, technical details and USD Coin Cryptocurrency information
USDC, or USD Coin, is a cryptocurrency that is a digital counterpart to the US dollar. It refers to the so-called stablecoins, coins, which exchange rate depends on the hard fiat currency. USD Coin is a classic representative of stablecoins. The main difference between these coins is that their fluctuations do not depend on changes in the exchange rate of other cryptocurrencies. In particular, they are not related to the Bitcoin exchange rate. Companies and individuals can deposit in US dollars and convert tokens into USD Coin.
True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added.
Then the cryptocurrency can be exchanged back to fiat, which will be credited to the bank account. And USD Coin is the latest of this type of cryptocurrency. It officially became available only in October 2018. USD Coin is a joint development of Circle cryptocurrency startup and Coinbase exchange, which merged into Center Consorsium for the new project. And they implemented the CENTER technology, launched on the basis of the Ethereum blockchain. The USDC value securing mechanism is fairly simple. Developers collaborate with licensed financial issuers that confirm cryptocurrency dollar parity.
As more goods and services are tokenized, smart contract platforms will become fundamental building blocks of value exchange. CENTRE’s open-source and transparent stablecoin framework allows fiat to interact with smart contracts, giving developers a viable way to use real world currencies in blockchain applications.
The main difference between USDC stablecoin and fiat currency is that when buying a dollar, a person is forced to sell it at a lower rate. In the case of this stablecoin, buying one coin, the user will give exactly one dollar. The price of the USD Coin token is very stable: it never fell below $1 and did not exceed the $1.1 mark. But market capitalization, although growing much faster than True USD, is clearly responding to the market background. Since the USDC is based on the ERC-20, all wallets that support this standard are suitable for storing it. There are all types of wallets for this stablecoin: browser, electronic, hardware, mobile, paper, cold and so on. You can also store the coin on the exchange, though this method is less secure than the rest.
CENTRE stablecoins are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency. Issuers are required to regularly report USD reserve holdings, and that information will be made available upon request.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Sep 16||1.000088||0.999892||1.000336||50 233 164 166|
|Sep 17||1.000073||0.999978||1.000160||50 218 353 467|
|Sep 18||1.000035||0.999875||1.000155||50 189 929 354|
|Sep 19||0.999955||0.999864||1.000270||50 022 003 770|
|Sep 20||0.999990||0.999841||1.000105||50 217 546 819|
|Sep 21||0.999940||0.999889||1.000160||50 012 565 103|
|Sep 22||1.000238||0.999914||1.000361||49 914 363 832|
|Sep 23||0.999968||0.999838||1.000194||49 744 322 916|
|Sep 24||0.999990||0.999839||1.000091||49 714 095 662|
|Sep 25||1.000055||0.999977||1.000154||49 720 551 593|
* Crypto Rating accepts no liability for any errors in the USD Coin information, USDC Prices and USDC's Market Cap. For the most up-to-date prices please visit the USD Coin's official website.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||83.6%||28||$19 095.25||0.49%||-4.82%||$365 864 647 826|
|2||ETH||Ethereum predictions||73.6%||56||$1 331.94||0.71%||-8.41%||$163 184 327 469|
|3||USDT||Tether predictions||92%||1||$1.000074||0%||0%||$67 959 697 977|
|4||USDC||USD Coin predictions||92.4%||1||$1.000122||0.02%||0%||$49 720 551 593|
|5||BNB||Binance Coin predictions||86.8%||17||$277.78||-1.12%||-0.16%||$44 816 623 769|
|6||XRP||XRP predictions||63.2%||72||$0.488936||-0.60%||26.12%||$24 372 838 519|
|7||BUSD||Binance USD predictions||93.6%||1||$1.000226||-0.02%||0.02%||$20 521 880 085|
|8||ADA||Cardano predictions||82.4%||32||$0.456989||-0.44%||-6.44%||$15 641 937 626|
|9||SOL||Solana predictions||81.6%||31||$33.96||0.41%||0.39%||$12 044 646 131|
|10||STETH||Lido stETH predictions||92.4%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||DOGE||Dogecoin predictions||87.6%||15||$0.063120||-3.40%||2.65%||$8 374 180 689|
|12||DOT||Polkadot predictions||74.4%||43||$6.34||-1.08%||-9.42%||$7 104 062 562|
|13||DAI||Dai predictions||92.4%||1||$1.000115||0.02%||0.02%||$6 930 218 400|
|14||MATIC||Polygon predictions||70%||54||$0.760974||-1.00%||-7.31%||$6 646 589 172|
|15||SHIB||SHIBA INU predictions||77.2%||42||$0.000011||1.90%||-4.05%||$6 254 513 839|
USDC tokens held by the largest addresses have dropped to a two-year low as Circle freezes Tornado Cash-related assets. The percentage of USD Circle (USDC) stablecoins...
The Singapore-based crypto trading platform has inked a partnership with stablecoin issuer Circle. Derivatives exchange Bitget is set to become one of the first exchanges to list USD Coin (USDC)...
Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry. The growth of stablecoins that are not fully...
Tether supplies on Ethereum are dwindling as USD Coin demand grows and grows. USDC has grown much faster than Tether (USDT) in 2021 and it is emerging as the...
The announced yields represent the exchange increasing interest for USDC holders by more than 2,500% since it was lowered significantly last June. Major cryptocurrency...
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