USD Coin (USDC) | Buy USD Coin Now |
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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. | |
CVIX | 2 |
Current price | $0.999996 |
Change 24h | -0.01% |
Change 7d | 0.02% | Market Cap | $31 401 874 124 |
Available supply | 31 402 000 743 USDC |
Volume 24h | $14 881 491 231 |
Updated | Tuesday, March 19, 2024 12:00:07PM UTC |
Nature | Coin |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $1.000010 | 0% |
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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, $ |
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Mar 10 | 1.000063 | 0.999784 | 1.000063 | 30 136 922 158 |
Mar 11 | 0.999962 | 0.999610 | 1.000073 | 30 419 202 727 |
Mar 12 | 0.999982 | 0.999636 | 1.000245 | 30 335 655 795 |
Mar 13 | 1.000007 | 0.999519 | 1.000047 | 30 773 178 979 |
Mar 14 | 0.999903 | 0.999286 | 1.000079 | 30 603 947 129 |
Mar 15 | 0.999679 | 0.999471 | 1.000263 | 30 724 846 540 |
Mar 16 | 1.000205 | 0.000799 | 1.000264 | 30 898 650 640 |
Mar 17 | 0.999905 | 0.999893 | 1.000747 | 30 837 912 850 |
Mar 18 | 1.000023 | 0.999875 | 1.000321 | 31 186 574 395 |
Mar 19 | 0.999906 | 0.999906 | 1.000282 | 31 401 874 124 |
* 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 | 65.6% | 75 | $63 101.70 | -7.49% | -12.44% | $1 240 476 365 470 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 68.4% | 69 | $3 275.07 | -8.96% | -18.59% | $393 261 515 397 | ||
3 | USDT | Tether predictions | 93.6% | 1 | $0.999419 | 0.06% | -0.09% | $103 557 981 954 | ||
4 | SOL | Solana predictions | 61.6% | 79 | $178.02 | -14.43% | 18.20% | $79 021 912 480 | ||
5 | BNB | Binance Coin predictions | 56.4% | 90 | $513.30 | -9.65% | -3.27% | $76 758 131 994 | ||
6 | XRP | XRP predictions | 68% | 60 | $0.590336 | -3.44% | -15.87% | $32 350 532 498 | ||
7 | USDC | USD Coin predictions | 91.6% | 2 | $0.999996 | -0.01% | 0.02% | $31 401 874 124 | ||
8 | ADA | Cardano predictions | 61.6% | 76 | $0.616354 | -9.71% | -17.71% | $21 921 023 197 | ||
9 | AVAX | Avalanche predictions | 67.6% | 73 | $57.90 | -9.27% | 20.97% | $21 847 492 936 | ||
10 | DOGE | Dogecoin predictions | 56.8% | 89 | $0.130482 | -11.83% | -23.55% | $18 728 051 826 | ||
11 | SHIB | SHIBA INU predictions | 54% | 94 | $0.000025 | -10.14% | -22.33% | $14 883 702 793 | ||
12 | TON | Toncoin predictions | 66.8% | 69 | $3.76 | -2.87% | 4.94% | $13 048 768 344 | ||
13 | DOT | Polkadot predictions | 56.4% | 87 | $9.11 | -10.74% | -14.23% | $12 970 173 970 | ||
14 | WTRX | Wrapped TRON predictions | 84.8% | 20 | $0.119362 | -5.16% | -9.82% | $10 483 472 250 | ||
15 | TRX | TRON predictions | 89.2% | 19 | $0.118995 | -5.39% | -10.07% | $10 451 038 873 |
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)...
The majority of Circle's USDC stablecoin is backed by U.S. dollars, the company revealed on Tuesday. Circle, a global payments company, was one of 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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