|USD Coin||USD Coin website|
|Brief||True financial interoperability requires a price stable means of value exchange. CENTREâ€™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.|
|Last updated:||Monday, April 22, 2019 11:58:08PM UTC|
|Current price, USD:||$1.004|
|Current price, BTC:||0.0001869|
|Market capitalization, USD:||$252 701 768|
|Available supply:||251 735 513 USDC|
|Volume 24 hours, USD:||$46 697 245|
General USDC facts, technical details and general information about USD Coin crypto currency
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.
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.
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, $|
|Apr 22||1.002||0.999||1.007||252 701 768|
|Apr 21||1.002||0.999||1.004||251 875 250|
|Apr 20||1.003||0.999||1.005||252 224 995|
|Apr 19||1.002||0.999||1.004||252 660 269|
|Apr 18||1.007||1.001||1.007||252 677 626|
|Apr 17||1.012||1.004||1.012||257 358 655|
|Apr 16||1.000||1||1.011||262 023 170|
|Apr 15||1.009||0.999||1.009||259 034 454|
|Apr 14||1.003||1.001||1.007||261 249 580|
|Apr 13||1.003||1.001||1.005||260 446 813|
|USDC price change 24 hours||0.21%|
|USDC price change 7 days||0.32%|
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 was a disaster for the entire Stable Coin movement, and it’s refreshing to see USDC holding steady. These coins are our best bet for a crypto-fiat option because we can’t easily convert crypto to useable money. By having these options, we can park and move our crypto into dollar backed coins to then move off the exchange and into our bank accounts. This is the adoption that needs to be celebrated.
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 operate and this is a huge hurdle for the adoption of cryptocurrencies. We may have to wait for a new type of stablecoin. The only viable stable coin that I can think of is DAI.
USDC is a awesome coin because you can trade to it on Binance and send it directly to Coinbase. What other function does it have than streamlining the process of cashing out or in?
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.
We publish the most accurate USD Coin Forecasts and News including crypto industry experts' opinion on a daily basis