|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||0.01%||Market Cap||$29 072 935 582|
|Available supply||29 068 905 977 USDC|
|Volume 24h||$1 806 671 732|
|Updated||Sunday, May 28, 2023 3:00:12AM 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, $|
|May 19||0.999921||0.999705||1.000225||29 558 902 815|
|May 20||0.999961||0.999855||1.000100||29 556 543 587|
|May 21||0.999935||0.999885||1.000122||29 551 076 790|
|May 22||0.999889||0.999751||1.000124||29 417 273 820|
|May 23||1.000013||0.999558||1.000197||29 264 868 918|
|May 24||0.999924||0.999795||1.000122||29 139 028 025|
|May 25||0.999936||0.999782||1.000255||29 060 018 568|
|May 26||1.000126||0.999795||1.000163||29 088 475 343|
|May 27||0.999974||0.999915||1.000596||29 063 249 832|
|May 28||1.000093||0.999977||1.000139||29 072 935 582|
* 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||87.6%||19||$27 103.13||1.33%||-0.28%||$525 413 545 011|
|2||ETH||Ethereum predictions||90%||5||$1 847.38||0.75%||1.52%||$222 158 550 160|
|3||USDT||Tether predictions||94.4%||1||$1.000426||0.01%||0%||$83 162 495 084|
|4||BNB||Binance Coin predictions||94%||4||$308.50||0.41%||-0.64%||$48 081 998 443|
|5||USDC||USD Coin predictions||94.8%||1||$1.000139||0.01%||0.01%||$29 072 935 582|
|6||XRP||XRP predictions||83.6%||25||$0.472742||0.73%||0.71%||$24 574 754 937|
|7||ADA||Cardano predictions||88.8%||20||$0.371099||1.92%||1.51%||$12 941 703 465|
|8||STETH||Lido stETH predictions||93.6%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|9||DOGE||Dogecoin predictions||79.6%||31||$0.072758||2.07%||-1.38%||$10 151 717 870|
|10||MATIC||Polygon predictions||73.2%||56||$0.928375||1.48%||6.06%||$8 614 827 134|
|11||SOL||Solana predictions||77.2%||38||$20.43||5.01%||0.83%||$8 095 221 194|
|12||WTRX||Wrapped TRON predictions||80.4%||33||$0.077365||2.23%||6.60%||$7 866 128 306|
|13||TRX||TRON predictions||78.4%||33||$0.077649||2.87%||7.15%||$7 009 815 149|
|14||LTC||Litecoin predictions||80.4%||35||$89.57||2.21%||-2.83%||$6 540 062 689|
|15||DOT||Polkadot predictions||85.2%||22||$5.36||2.13%||-0.57%||$6 372 920 266|
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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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