|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, October 14, 2019 5:56:12AM UTC|
|Current price, USD:||1.004|
|Current price, BTC:||0.0001203|
|Market capitalization, USD:||468 974 059|
|Available supply:||467 061 957 USDC|
|Volume 24 hours, USD:||169 309 424|
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, $|
|Oct 05||1.005||0.999||1.007||473 486 117|
|Oct 06||1.000||1||1.014||480 048 403|
|Oct 07||1.013||1||1.013||471 639 733|
|Oct 08||1.002||1.001||1.008||468 210 546|
|Oct 09||1.005||0.999||1.009||461 621 063|
|Oct 10||1.001||0.998||1.001||452 009 003|
|Oct 11||1.001||0.996||1.008||470 430 992|
|Oct 12||1.007||1||1.007||468 078 880|
|Oct 13||1.002||1.001||1.004||468 642 352|
|Oct 14||1.003||1.003||1.005||468 974 059|
|USDC price change 24 hours||0.22%|
|USDC price change 7 days||-0.43%|
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 to the crypto community, but we’re the one’s to blame since we’ve put up with USDT’s nonesense for so long. It’s time to make the switch and move on from these shady practices. I for one only use USDC when transitioning from Fiat to Crypto - or vice versa. There’s no point in risking my money with anything else, and USDC is verified to have assets backing it. Until USDT cleans up its act, the best coin to use is 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 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.
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