|USD Coin||USD Coin website|
|Brief||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.|
|Last updated:||Tuesday, September 29, 2020 8:00:02PM UTC|
|Crypto Volatility Index (CVIX):||1|
|Current price, USD:||1.00|
|Market capitalization, USD:||2 539 087 213|
|Available supply:||2 537 190 080 USDC|
|Volume 24 hours, USD:||379 317 938|
General USDC facts, technical details and general information about USD Coin crypto currency
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.
We list daily USD Coin historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Sep 20||1.00||1.00||1.00||2 299 759 895|
|Sep 21||1.00||1.00||1.00||2 336 951 748|
|Sep 22||1.00||1.00||1.00||2 392 616 316|
|Sep 23||1.00||1.00||1.00||2 413 859 787|
|Sep 24||1.00||1.00||1.00||2 459 427 012|
|Sep 25||1.00||1.00||1.00||2 506 207 784|
|Sep 26||1.00||1.00||1.00||2 507 915 451|
|Sep 27||1.00||1.00||1.00||2 533 405 194|
|Sep 28||1.00||1.00||1.00||2 597 612 900|
|Sep 29||1.00||1.00||1.00||2 539 087 213|
|USDC price change 24 hours||0.05%|
|USDC price change 7 days||0.02%|
I don’t know about everyone else in here, but Tether scares me. I have no idea how anyone using USDT sleeps well at night knowing that their stablecoin of choice is literally under subpoena by the New York Attorney General. That’s such a huge blow...
Ronnie May 5, 2019 USDC
Now that’s what I’m talking about. A stable coin that’s actually staying put at 1.00. Just a buck! Finally, a coin that isn’t fluctuating like Tether has done so many times in the past. Not too long ago, USDT went all the way below .80 cents. That...
Frank April 21, 2019 USDC
USD coin is another example of why stable coins aren't going work. They fluctuate way too much to ever be a good transitional currency. How can you trust your funds in a coin that moves 2-4% in a day? You can't. This isn't how fiat currencies...
Roland March 10, 2019 USDC
Alexander February 26, 2019 USDC
Interesting, sounds a lot like tether. Maybe it will catch on and will be available in exchanges as an alternative. Right now, I don't like to rely solely on USDT for my needs of keeping some cash on exchanges....
LvNick May 17, 2018 USDC
We publish the most accurate USD Coin Forecasts and News including crypto industry experts' opinion on a daily basis