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USD Coin

USD Coin USDC

token
USD Coin Price (USDC)
$0.9990
0.14% Buy USDC

0.0004 ETH

0.0000219 BTC

Low: $0.9968
High: $1.01
24h
Market Cap
$25,159,004,796
0.14%
Fully Diluted Market Cap
$25,159,004,796
0.14%
Volume
24h
$6,153,318,651
6.81%
Volume / Market Cap
0.2446
Circulating Supply
25,185,290,421 USDC
Max Supply
--
Total Supply
25,185,290,421
stablecoin that is backed by the US dollar. One USD Coin is worth one US dollar. Each US dollar that collateralizes USD Coins is stored in regulated financial institutions. These institutions are audited and checked each month to ensure that they do, in fact, support the active USDC tokens. The monthly attestation reports are published on the Centre website.<\/p>\r\n<p>Besides, if you look at the USD Coin price chart above, you&rsquo;ll notice that the USDC price is indeed pretty stable.<\/p>\r\n<p>Since USD Coins are stored on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum network, they are based on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 token model. Thus, this means that USDC tokens <strong>can be integrated with a huge variety of dApps based on Ethereum<\/strong>.<\/p>\r\n<p>Essentially, USDC is an alternative to other stablecoins such as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-tether-usdt/">Tether (USDT)<\/strong><\/a>. USD Coin crypto project aims to provide people with an asset that can be used as digital cash in a world that&rsquo;s becoming more and more digital each day.<\/p>\r\n<p>Besides, USDC is one of the biggest competitors of USDT in the field of stablecoins. Particularly given the fact that USDC coins are more transparent and dependable among crypto fans than USDT tokens, which are somewhat controversial.<\/p>\r\n<h2>The Developers of the USD Coin<\/h2>\r\n<p>The USD Coin was initially released in 2018 by the Centre Consortium. Centre is an open-source platform that was founded by two major players in the world of crypto &ndash; Coinbase (crypto exchange) and Circle (peer-to-peer payment service). The platform aims to create a decentralized network built on fiat-based stablecoins.<\/p>\r\n<p>As stated by the founders of Circle, <strong>the main goal of the USDC crypto project is to create a global economy that is more effective and inclusive, connecting every individual worldwide<\/strong>.<\/p>\r\n<h2>The Success of the USD Coin<\/h2>\r\n<p>One of the main reasons why the USDC crypto project is successful is the transparency regarding the source of its funds. Besides, <strong>the community has a strong say in terms of the USD Coin project funds<\/strong>. For example, when Coinbase began to discuss a fund diversification strategy for USDC, there was a strong disagreement from the community. Thus, the proposal was quickly discarded.<\/p>\r\n<p>Additionally, the transparency of UDSC tokens is assured due to the fact that Circle and Coinbase are pretty big companies that have an extensive amount of funds. This means that users can probably be guaranteed that they&rsquo;ll get $1 for withdrawing 1 USD Coin.<\/p>\r\n<p>Besides, the fact that the USDC crypto project has a solid reputation compared to USDT, provides it a significant edge as it gradually challenges USDT's dominance.<\/p>\r\n<h2>The Use Cases of USD Coin<\/h2>\r\n<p>The main benefit of USD Coins, or stablecoins in general, is that they are a great tool for <strong>decreasing the volatility of the crypto market<\/strong>. Since most crypto assets on the market tend to have prices that fluctuate a lot, the stable USD Coin price helps to reduce the volatility of the whole market.<\/p>\r\n<p>This is also the reason why many investors use USD Coins as a plan B during periods of enormous crypto market price swings. They exchange their assets for USDC tokens this way preserving their value through times of high volatility. Therefore, they don&rsquo;t need to fully withdraw their funds from the market.<\/p>\r\n<p>Besides that, it&rsquo;s believed that USD Coins (or other stablecoins, for that matter) <strong>can be used as a payment method by various businesses<\/strong>. Since its value is pegged to the US dollar, there shouldn&rsquo;t be many inconveniences when using UDSC tokens as an additional digital payment method.<\/p>\r\n<h2>The Tokenomics of USD Coins<\/h2>\r\n<p>Theoretically, there is no limit to the supply of USDC. Whenever there&rsquo;s a demand, more tokens can be issued.<\/p>\r\n<p>Initially, Circle and Coinbase are the first two issuers of USD Coins. However, USDC can have more than one issuer, which is not the case with other stablecoins. This is because Centre Consortium is an organization that can be joined by other issuers that wish to become a part of the USDC network. Of course, Centre stays responsible for the legal structure and the development of USD Coins.&nbsp;<\/p>\r\n<p>However, it's crucial to note that <strong>issuers of USDC are required to regularly declare to Centre the amount of USD reserves they retain<\/strong>. This is necessary to ensure that there is always one US dollar for one USD Coin.<\/p>\r\n<p>Lastly, getting back to the concept of USD Coin price, it should be noted that stablecoins can also fluctuate a bit. However, their price range is usually very close to $1 (or any other fiat currency for that matter). You can see that for yourself by looking at the USDC price chart above.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/usd-coin-usdc-price","crypto_currency_info":{"id":183,"crypto_currency_id":129,"description":"USD Coin (USDC) is a cryptocurrency and operates on the Ethereum platform. USD Coin has a current supply of 52,519,315,964.86928. The last known price of USD Coin is 0.99949905 USD and is down -0.02 over the last 24 hours. It is currently trading on 3388 active market(s) with $4,594,114,283.15 traded over the last 24 hours. More information can be found at https:\/\/www.centre.io\/usdc.","tags":"[\"medium-of-exchange\",\"stablecoin\",\"asset-backed-stablecoin\",\"fantom-ecosystem\",\"arbitrum-ecosytem\",\"moonriver-ecosystem\",\"bnb-chain\"]","platform":"{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/3408.png","original_links":"{\"website\":[\"https:\\\/\\\/www.centre.io\\\/usdc\"],\"twitter\":[],\"message_board\":[\"https:\\\/\\\/medium.com\\\/centre-blog\"],\"chat\":[],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48\",\"https:\\\/\\\/explorer.solana.com\\\/address\\\/EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v\",\"https:\\\/\\\/tronscan.org\\\/#\\\/token20\\\/TEkxiTehnzSmSe2XqrBj4w32RUN966rdz8\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d\",\"https:\\\/\\\/ftmscan.com\\\/token\\\/0x04068DA6C83AFCFA0e13ba15A6696662335D5B75\"],\"reddit\":[],\"technical_doc\":[\"https:\\\/\\\/f.hubspotusercontent30.net\\\/hubfs\\\/9304636\\\/PDF\\\/centre-whitepaper.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/centrehq\\\/centre-tokens\"],\"announcement\":[\"https:\\\/\\\/blog.circle.com\\\/2018\\\/09\\\/26\\\/introducing-usd-coin\\\/\"]}","links":"{\"website\":{\"centre.io\":\"https:\\\/\\\/www.centre.io\\\/usdc\"},\"community\":{\"medium.com\":\"https:\\\/\\\/medium.com\\\/centre-blog\",\"reddit.com\":\"https:\\\/\\\/www.reddit.com\\\/r\\\/USDC\\\/\"},\"explorer\":{\"etherscan.io\":\"https:\\\/\\\/etherscan.io\\\/token\\\/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48\",\"explorer.solana.com\":\"https:\\\/\\\/explorer.solana.com\\\/address\\\/EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v\",\"tronscan.org\":\"https:\\\/\\\/tronscan.org\\\/#\\\/token20\\\/TEkxiTehnzSmSe2XqrBj4w32RUN966rdz8\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d\",\"ftmscan.com\":\"https:\\\/\\\/ftmscan.com\\\/token\\\/0x04068DA6C83AFCFA0e13ba15A6696662335D5B75\"},\"technical_doc\":\"https:\\\/\\\/f.hubspotusercontent30.net\\\/hubfs\\\/9304636\\\/PDF\\\/centre-whitepaper.pdf\",\"source_code\":\"https:\\\/\\\/github.com\\\/centrehq\\\/centre-tokens\"}","data":"{\"id\":3408,\"name\":\"USD Coin\",\"symbol\":\"USDC\",\"category\":\"token\",\"description\":\"USD Coin (USDC) is a cryptocurrency and operates on the Ethereum platform. USD Coin has a current supply of 52,519,315,964.86928. The last known price of USD Coin is 0.99949905 USD and is down -0.02 over the last 24 hours. It is currently trading on 3388 active market(s) with $4,594,114,283.15 traded over the last 24 hours. More information can be found at https:\\\/\\\/www.centre.io\\\/usdc.\",\"slug\":\"usd-coin\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/3408.png\",\"subreddit\":\"\",\"notice\":\"\",\"tags\":[\"medium-of-exchange\",\"stablecoin\",\"asset-backed-stablecoin\",\"fantom-ecosystem\",\"arbitrum-ecosytem\",\"moonriver-ecosystem\",\"bnb-chain\"],\"tag-names\":[\"Medium of Exchange\",\"Stablecoin\",\"Asset-Backed Stablecoin\",\"Fantom Ecosystem\",\"Arbitrum Ecosystem\",\"Moonriver Ecosystem\",\"BNB Chain\"],\"tag-groups\":[\"INDUSTRY\",\"CATEGORY\",\"CATEGORY\",\"PLATFORM\",\"PLATFORM\",\"CATEGORY\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/www.centre.io\\\/usdc\"],\"twitter\":[],\"message_board\":[\"https:\\\/\\\/medium.com\\\/centre-blog\"],\"chat\":[],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48\",\"https:\\\/\\\/explorer.solana.com\\\/address\\\/EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v\",\"https:\\\/\\\/tronscan.org\\\/#\\\/token20\\\/TEkxiTehnzSmSe2XqrBj4w32RUN966rdz8\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d\",\"https:\\\/\\\/ftmscan.com\\\/token\\\/0x04068DA6C83AFCFA0e13ba15A6696662335D5B75\"],\"reddit\":[],\"technical_doc\":[\"https:\\\/\\\/f.hubspotusercontent30.net\\\/hubfs\\\/9304636\\\/PDF\\\/centre-whitepaper.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/centrehq\\\/centre-tokens\"],\"announcement\":[\"https:\\\/\\\/blog.circle.com\\\/2018\\\/09\\\/26\\\/introducing-usd-coin\\\/\"]},\"platform\":{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48\"},\"date_added\":\"2018-10-08T00:00:00.000Z\",\"twitter_username\":\"\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}},{\"contract_address\":\"EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v\",\"platform\":{\"name\":\"Solana\",\"coin\":{\"id\":\"5426\",\"name\":\"Solana\",\"symbol\":\"SOL\",\"slug\":\"solana\"}}},{\"contract_address\":\"31566704\",\"platform\":{\"name\":\"Algorand\",\"coin\":{\"id\":\"4030\",\"name\":\"Algorand\",\"symbol\":\"ALGO\",\"slug\":\"algorand\"}}},{\"contract_address\":\"0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}},{\"contract_address\":\"0x04068DA6C83AFCFA0e13ba15A6696662335D5B75\",\"platform\":{\"name\":\"Fantom\",\"coin\":{\"id\":\"3513\",\"name\":\"Fantom\",\"symbol\":\"FTM\",\"slug\":\"fantom\"}}},{\"contract_address\":\"0xDDAfbb505ad214D7b80b1f830fcCc89B60fb7A83\",\"platform\":{\"name\":\"xDai\",\"coin\":{\"id\":\"5601\",\"name\":\"STAKE\",\"symbol\":\"STAKE\",\"slug\":\"xdai\"}}},{\"contract_address\":\"0x2791bca1f2de4661ed88a30c99a7a9449aa84174\",\"platform\":{\"name\":\"Polygon\",\"coin\":{\"id\":\"3890\",\"name\":\"Polygon\",\"symbol\":\"MATIC\",\"slug\":\"polygon\"}}},{\"contract_address\":\"0xcca4e6302510d555b654b3eab9c0fcb223bcfdf0\",\"platform\":{\"name\":\"TomoChain\",\"coin\":{\"id\":\"2570\",\"name\":\"TomoChain\",\"symbol\":\"TOMO\",\"slug\":\"tomochain\"}}},{\"contract_address\":\"0x980a5afef3d17ad98635f6c5aebcbaeded3c3430\",\"platform\":{\"name\":\"KCC\",\"coin\":{\"id\":\"2087\",\"name\":\"KuCoin Token\",\"symbol\":\"KCS\",\"slug\":\"kucoin-token\"}}},{\"contract_address\":\"0xe3f5a90f9cb311505cd691a46596599aa1a0ad7d\",\"platform\":{\"name\":\"Moonriver\",\"coin\":{\"id\":\"9285\",\"name\":\"Moonriver\",\"symbol\":\"MOVR\",\"slug\":\"moonriver\"}}},{\"contract_address\":\"0xB97EF9Ef8734C71904D8002F8b6Bc66Dd9c48a6E\",\"platform\":{\"name\":\"Avalanche C-Chain\",\"coin\":{\"id\":\"5805\",\"name\":\"Avalanche\",\"symbol\":\"AVAX\",\"slug\":\"avalanche\"}}},{\"contract_address\":\"0xFF970A61A04b1cA14834A43f5dE4533eBDDB5CC8\",\"platform\":{\"name\":\"Arbitrum\",\"coin\":{\"id\":\"11841\",\"name\":null,\"symbol\":null,\"slug\":null}}},{\"contract_address\":\"0xe2c120f188ebd5389f71cf4d9c16d05b62a58993\",\"platform\":{\"name\":\"Velas\",\"coin\":{\"id\":\"4747\",\"name\":\"Velas\",\"symbol\":\"VLX\",\"slug\":\"velas\"}}},{\"contract_address\":\"0xc21223249CA28397B4B6541dfFaEcC539BfF0c59\",\"platform\":{\"name\":\"Cronos\",\"coin\":{\"id\":\"3635\",\"name\":\"Cronos\",\"symbol\":\"CRO\",\"slug\":\"cronos\"}}},{\"contract_address\":\"0x985458e523db3d53125813ed68c274899e9dfab4\",\"platform\":{\"name\":\"Harmony\",\"coin\":{\"id\":\"3945\",\"name\":\"Harmony\",\"symbol\":\"ONE\",\"slug\":\"harmony\"}}},{\"contract_address\":\"secret1h6z05y90gwm4sqxzhz4pkyp36cna9xtp7q0urv\",\"platform\":{\"name\":\"Secret\",\"coin\":{\"id\":\"5604\",\"name\":\"Secret\",\"symbol\":\"SCRT\",\"slug\":\"secret\"}}},{\"contract_address\":\"TEkxiTehnzSmSe2XqrBj4w32RUN966rdz8\",\"platform\":{\"name\":\"Tron20\",\"coin\":{\"id\":\"1958\",\"name\":\"TRON\",\"symbol\":\"TRX\",\"slug\":\"tron\"}}},{\"contract_address\":\"0x66a2A913e447d6b4BF33EFbec43aAeF87890FBbc\",\"platform\":{\"name\":\"Boba Network\",\"coin\":{\"id\":\"14556\",\"name\":\"Boba Network\",\"symbol\":\"BOBA\",\"slug\":\"boba-network\"}}},{\"contract_address\":\"USDC-c76f1f\",\"platform\":{\"name\":\"Elrond\",\"coin\":{\"id\":\"6892\",\"name\":\"Elrond\",\"symbol\":\"EGLD\",\"slug\":\"elrond-egld\"}}},{\"contract_address\":\"0x0b7007c13325c48911f73a2dad5fa5dcbf808adc\",\"platform\":{\"name\":\"Ronin\",\"coin\":{\"id\":\"14101\",\"name\":\"Ronin\",\"symbol\":\"RON\",\"slug\":\"ronin\"}}},{\"contract_address\":\"terra1pvel56a2hs93yd429pzv9zp5aptcjg5ulhkz7w\",\"platform\":{\"name\":\"Terra\",\"coin\":{\"id\":\"4172\",\"name\":\"Terra\",\"symbol\":\"LUNA\",\"slug\":\"terra-luna\"}}},{\"contract_address\":\"0x818ec0a7fe18ff94269904fced6ae3dae6d6dc0b\",\"platform\":{\"name\":\"Telos\",\"coin\":{\"id\":\"4660\",\"name\":\"Telos\",\"symbol\":\"TLOS\",\"slug\":\"telos\"}}},{\"contract_address\":\"0x818ec0a7fe18ff94269904fced6ae3dae6d6dc0b\",\"platform\":{\"name\":\"Moonbeam\",\"coin\":{\"id\":\"6836\",\"name\":\"Moonbeam\",\"symbol\":\"GLMR\",\"slug\":\"moonbeam\"}}},{\"contract_address\":\"0xb12bfca5a55806aaf64e99521918a4bf0fc40802\",\"platform\":{\"name\":\"Aurora\",\"coin\":{\"id\":\"14803\",\"name\":\"Aurora\",\"symbol\":\"AURORA\",\"slug\":\"aurora-near\"}}},{\"contract_address\":\"0xea32a96608495e54156ae48931a7c20f0dcc1a21\",\"platform\":{\"name\":\"Metis Andromeda\",\"coin\":{\"id\":\"9640\",\"name\":\"MetisDAO\",\"symbol\":\"METIS\",\"slug\":\"metisdao\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:18.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"social_profile":{"id":127,"profilable_type":"CryptoCurrency","profilable_id":129,"twitter":null,"reddit":"{\"hot\":[]}","github":"{\"stars\":459,\"watchers\":33,\"forks\":290,\"language\":\"JavaScript\",\"license\":\"Apache License 2.0\",\"repo_name\":\"centrehq\\\/centre-tokens\",\"repo_link\":\"https:\\\/\\\/github.com\\\/centrehq\\\/centre-tokens\",\"public_repos\":1,\"bio\":null,\"type\":\"Organization\",\"username\":\"centrehq\",\"user_link\":\"https:\\\/\\\/github.com\\\/centrehq\",\"created_at\":\"2017-09-28 00:00:00\"}","telegram":null,"domain":"{\"domain_rating\":72,\"ahrefs_top\":69337,\"traffic\":5.445,\"website\":\"https:\\\/\\\/www.centre.io\"}"},"buy_page":{"id":217,"crypto_currency_id":129,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/kraken","slug":"usd-coin-usdc","created_at":"2020-12-29T08:37:50.000000Z","updated_at":"2023-08-16T12:42:58.000000Z","content":null,"middle_cta_text":null,"introduction":null,"reasons":null,"benefits":null,"faq":null,"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-usd-coin-usdc"},"halving_page":null}" :fiat-currency=""USD"">
stablecoin that is backed by the US dollar. One USD Coin is worth one US dollar. Each US dollar that collateralizes USD Coins is stored in regulated financial institutions. These institutions are audited and checked each month to ensure that they do, in fact, support the active USDC tokens. The monthly attestation reports are published on the Centre website.<\/p>\r\n<p>Besides, if you look at the USD Coin price chart above, you&rsquo;ll notice that the USDC price is indeed pretty stable.<\/p>\r\n<p>Since USD Coins are stored on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum network, they are based on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 token model. Thus, this means that USDC tokens <strong>can be integrated with a huge variety of dApps based on Ethereum<\/strong>.<\/p>\r\n<p>Essentially, USDC is an alternative to other stablecoins such as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-tether-usdt/">Tether (USDT)<\/strong><\/a>. USD Coin crypto project aims to provide people with an asset that can be used as digital cash in a world that&rsquo;s becoming more and more digital each day.<\/p>\r\n<p>Besides, USDC is one of the biggest competitors of USDT in the field of stablecoins. Particularly given the fact that USDC coins are more transparent and dependable among crypto fans than USDT tokens, which are somewhat controversial.<\/p>\r\n<h2>The Developers of the USD Coin<\/h2>\r\n<p>The USD Coin was initially released in 2018 by the Centre Consortium. Centre is an open-source platform that was founded by two major players in the world of crypto &ndash; Coinbase (crypto exchange) and Circle (peer-to-peer payment service). The platform aims to create a decentralized network built on fiat-based stablecoins.<\/p>\r\n<p>As stated by the founders of Circle, <strong>the main goal of the USDC crypto project is to create a global economy that is more effective and inclusive, connecting every individual worldwide<\/strong>.<\/p>\r\n<h2>The Success of the USD Coin<\/h2>\r\n<p>One of the main reasons why the USDC crypto project is successful is the transparency regarding the source of its funds. Besides, <strong>the community has a strong say in terms of the USD Coin project funds<\/strong>. For example, when Coinbase began to discuss a fund diversification strategy for USDC, there was a strong disagreement from the community. Thus, the proposal was quickly discarded.<\/p>\r\n<p>Additionally, the transparency of UDSC tokens is assured due to the fact that Circle and Coinbase are pretty big companies that have an extensive amount of funds. This means that users can probably be guaranteed that they&rsquo;ll get $1 for withdrawing 1 USD Coin.<\/p>\r\n<p>Besides, the fact that the USDC crypto project has a solid reputation compared to USDT, provides it a significant edge as it gradually challenges USDT's dominance.<\/p>\r\n<h2>The Use Cases of USD Coin<\/h2>\r\n<p>The main benefit of USD Coins, or stablecoins in general, is that they are a great tool for <strong>decreasing the volatility of the crypto market<\/strong>. Since most crypto assets on the market tend to have prices that fluctuate a lot, the stable USD Coin price helps to reduce the volatility of the whole market.<\/p>\r\n<p>This is also the reason why many investors use USD Coins as a plan B during periods of enormous crypto market price swings. They exchange their assets for USDC tokens this way preserving their value through times of high volatility. Therefore, they don&rsquo;t need to fully withdraw their funds from the market.<\/p>\r\n<p>Besides that, it&rsquo;s believed that USD Coins (or other stablecoins, for that matter) <strong>can be used as a payment method by various businesses<\/strong>. Since its value is pegged to the US dollar, there shouldn&rsquo;t be many inconveniences when using UDSC tokens as an additional digital payment method.<\/p>\r\n<h2>The Tokenomics of USD Coins<\/h2>\r\n<p>Theoretically, there is no limit to the supply of USDC. Whenever there&rsquo;s a demand, more tokens can be issued.<\/p>\r\n<p>Initially, Circle and Coinbase are the first two issuers of USD Coins. However, USDC can have more than one issuer, which is not the case with other stablecoins. This is because Centre Consortium is an organization that can be joined by other issuers that wish to become a part of the USDC network. Of course, Centre stays responsible for the legal structure and the development of USD Coins.&nbsp;<\/p>\r\n<p>However, it's crucial to note that <strong>issuers of USDC are required to regularly declare to Centre the amount of USD reserves they retain<\/strong>. This is necessary to ensure that there is always one US dollar for one USD Coin.<\/p>\r\n<p>Lastly, getting back to the concept of USD Coin price, it should be noted that stablecoins can also fluctuate a bit. However, their price range is usually very close to $1 (or any other fiat currency for that matter). You can see that for yourself by looking at the USDC price chart above.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/usd-coin-usdc-price","crypto_currency_info":{"id":183,"crypto_currency_id":129,"description":"USD Coin (USDC) is a cryptocurrency and operates on the Ethereum platform. USD Coin has a current supply of 52,519,315,964.86928. 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Tenge","currency_code":"KZT","sign":"\u20b8","logo":"\/crypto-prices\/fiat-logos\/KZT.svg","price":"451.53"},{"name":"Lebanese Pound","currency_code":"LBP","sign":"\u0644.\u0644","logo":"\/crypto-prices\/fiat-logos\/LBP.svg","price":"14940.43"},{"name":"Sri Lankan Rupee","currency_code":"LKR","sign":"Rs","logo":"\/crypto-prices\/fiat-logos\/LKR.svg","price":"321.05"},{"name":"Moroccan Dirham","currency_code":"MAD","sign":"\u062f.\u0645.","logo":"\/crypto-prices\/fiat-logos\/MAD.svg","price":"9.89"},{"name":"Moldovan Leu","currency_code":"MDL","sign":"L","logo":"\/crypto-prices\/fiat-logos\/MDL.svg","price":"17.40"},{"name":"Macedonian Denar","currency_code":"MKD","sign":"\u0434\u0435\u043d","logo":"\/crypto-prices\/fiat-logos\/MKD.svg","price":"55.93"},{"name":"Myanma Kyat","currency_code":"MMK","sign":"Ks","logo":"\/crypto-prices\/fiat-logos\/MMK.svg","price":"2089.47"},{"name":"Mongolian Tugrik","currency_code":"MNT","sign":"\u20ae","logo":"\/crypto-prices\/fiat-logos\/MNT.svg","price":"3396.68"},{"name":"Namibian Dollar","currency_code":"NAD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/NAD.svg","price":"18.51"},{"name":"Nicaraguan C\u00f3rdoba","currency_code":"NIO","sign":"C$","logo":"\/crypto-prices\/fiat-logos\/NIO.svg","price":"36.58"},{"name":"Nepalese Rupee","currency_code":"NPR","sign":"\u20a8","logo":"\/crypto-prices\/fiat-logos\/NPR.svg","price":"132.36"},{"name":"Omani Rial","currency_code":"OMR","sign":"\u0631.\u0639.","logo":"\/crypto-prices\/fiat-logos\/OMR.svg","price":"0.38"},{"name":"Panamanian Balboa","currency_code":"PAB","sign":"B\/.","logo":"\/crypto-prices\/fiat-logos\/PAB.svg","price":"0.99"},{"name":"Qatari Rial","currency_code":"QAR","sign":"\u0631.\u0642","logo":"\/crypto-prices\/fiat-logos\/QAR.svg","price":"3.63"},{"name":"Serbian Dinar","currency_code":"RSD","sign":"\u0434\u0438\u043d.","logo":"\/crypto-prices\/fiat-logos\/RSD.svg","price":"106.58"},{"name":"Saudi Riyal","currency_code":"SAR","sign":"\u0631.\u0633","logo":"\/crypto-prices\/fiat-logos\/SAR.svg","price":"3.74"},{"name":"South Sudanese Pound","currency_code":"SSP","sign":"\u00a3","logo":"\/crypto-prices\/fiat-logos\/SSP.svg","price":"1.41"},{"name":"Tunisian Dinar","currency_code":"TND","sign":"\u062f.\u062a","logo":"\/crypto-prices\/fiat-logos\/TND.svg","price":"3.08"},{"name":"Trinidad and Tobago Dollar","currency_code":"TTD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/TTD.svg","price":"6.75"},{"name":"Ugandan Shilling","currency_code":"UGX","sign":"Sh","logo":"\/crypto-prices\/fiat-logos\/UGX.svg","price":"3790.53"},{"name":"Uruguayan Peso","currency_code":"UYU","sign":"$","logo":"\/crypto-prices\/fiat-logos\/UYU.svg","price":"39.05"},{"name":"Uzbekistan Som","currency_code":"UZS","sign":"so'm","logo":"\/crypto-prices\/fiat-logos\/UZS.svg","price":"12339.20"},{"name":"Sovereign Bolivar","currency_code":"VES","sign":"Bs.","logo":"\/crypto-prices\/fiat-logos\/VES.svg","price":"35.74"}]" buy-url="">

USD Coin (USDC) Social Signals & Traffic Tracker

X Stats

Followers

-

Following

-

Tweet count

-

Currently, official USD Coin (USDC) X Stats account doesn’t exist or wasn’t submitted. 🔆

USD Coin reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official USD Coin (USDC) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

USD Coin telegram
Telegram Stats

Members

-

Title

-

Currently, official USD Coin (USDC) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

USD Coin traffic
Website Traffic
Visit Website

Website Rating (DR)

72 / 100

0.00%

Ahrefs Rank

69,337

7.69%

Organic Traffic (mo.)

5

16.67%

USD Coin github
GitHub Organization
Visit GitHub

Public repos

Created at Sep 28, 2017

Type

Organization

USD Coin github
GitHub Public Repository
Visit GitHub

Stars

0.44%

Watchers

33

0.00%

Forks

290

0.35%

Language

JavaScript

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

USD Coin Price Statistics

USD Coin Price
$0.9990
Price Change 24h
-$0.0014
0.14%
24h Low / 24h High
$0.9968 /
$1.01
All Time High
Nov 16, 2021 (2 years 1 month ago)
$2.35
57.48%
All Time Low
Dec 11, 2022 (1 year 4 weeks ago)
$0.4741
110.70%
Trading Volume 24h
$6,153,318,651
6.81%
Volume / Market Cap
0.2446
Market Dominance
1.43%
Market Rank
#7
Market Cap
$25,159,004,796
0.14%
Fully Diluted Market Cap
$25,159,004,796
0.14%

Live USDC Price Analysis

The current real time USD Coin price is $0.9990, and its trading volume is $6,153,318,651 in the last 24 hours. USDC price has plummeted by 0.14% in the last day, and decreased by 0.04% in the last 7 days. It’s important to note that current USD Coin market capitalization is $25,159,004,796, Talking about circulating supply, USDC has 25,185,290,421 coins. Currently, USD Coin rank on the market is #7.

USD Coin price today is 57.48% below all time high, and it is 110.70% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling USDC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is USD Coin (USDC)?

USD Coin (USDC) is a smart contract-based stablecoin that is backed by the US dollar. One USD Coin is worth one US dollar. Each US dollar that collateralizes USD Coins is stored in regulated financial institutions. These institutions are audited and checked each month to ensure that they do, in fact, support the active USDC tokens. The monthly attestation reports are published on the Centre website.

Besides, if you look at the USD Coin price chart above, you’ll notice that the USDC price is indeed pretty stable.

Since USD Coins are stored on the Ethereum network, they are based on the ERC-20 token model. Thus, this means that USDC tokens can be integrated with a huge variety of dApps based on Ethereum.

Essentially, USDC is an alternative to other stablecoins such as Tether (USDT). USD Coin crypto project aims to provide people with an asset that can be used as digital cash in a world that’s becoming more and more digital each day.

Besides, USDC is one of the biggest competitors of USDT in the field of stablecoins. Particularly given the fact that USDC coins are more transparent and dependable among crypto fans than USDT tokens, which are somewhat controversial.

The Developers of the USD Coin

The USD Coin was initially released in 2018 by the Centre Consortium. Centre is an open-source platform that was founded by two major players in the world of crypto – Coinbase (crypto exchange) and Circle (peer-to-peer payment service). The platform aims to create a decentralized network built on fiat-based stablecoins.

As stated by the founders of Circle, the main goal of the USDC crypto project is to create a global economy that is more effective and inclusive, connecting every individual worldwide.

The Success of the USD Coin

One of the main reasons why the USDC crypto project is successful is the transparency regarding the source of its funds. Besides, the community has a strong say in terms of the USD Coin project funds. For example, when Coinbase began to discuss a fund diversification strategy for USDC, there was a strong disagreement from the community. Thus, the proposal was quickly discarded.

Additionally, the transparency of UDSC tokens is assured due to the fact that Circle and Coinbase are pretty big companies that have an extensive amount of funds. This means that users can probably be guaranteed that they’ll get $1 for withdrawing 1 USD Coin.

Besides, the fact that the USDC crypto project has a solid reputation compared to USDT, provides it a significant edge as it gradually challenges USDT's dominance.

The Use Cases of USD Coin

The main benefit of USD Coins, or stablecoins in general, is that they are a great tool for decreasing the volatility of the crypto market. Since most crypto assets on the market tend to have prices that fluctuate a lot, the stable USD Coin price helps to reduce the volatility of the whole market.

This is also the reason why many investors use USD Coins as a plan B during periods of enormous crypto market price swings. They exchange their assets for USDC tokens this way preserving their value through times of high volatility. Therefore, they don’t need to fully withdraw their funds from the market.

Besides that, it’s believed that USD Coins (or other stablecoins, for that matter) can be used as a payment method by various businesses. Since its value is pegged to the US dollar, there shouldn’t be many inconveniences when using UDSC tokens as an additional digital payment method.

The Tokenomics of USD Coins

Theoretically, there is no limit to the supply of USDC. Whenever there’s a demand, more tokens can be issued.

Initially, Circle and Coinbase are the first two issuers of USD Coins. However, USDC can have more than one issuer, which is not the case with other stablecoins. This is because Centre Consortium is an organization that can be joined by other issuers that wish to become a part of the USDC network. Of course, Centre stays responsible for the legal structure and the development of USD Coins. 

However, it's crucial to note that issuers of USDC are required to regularly declare to Centre the amount of USD reserves they retain. This is necessary to ensure that there is always one US dollar for one USD Coin.

Lastly, getting back to the concept of USD Coin price, it should be noted that stablecoins can also fluctuate a bit. However, their price range is usually very close to $1 (or any other fiat currency for that matter). You can see that for yourself by looking at the USDC price chart above.

What's USD Coin trading volume in the last 24 hours?

USDC has a trading volume of $6,153,318,651 in the last 24 hours.

What's USD Coin highest price ever?

USDC has a highest price of $2.35, which was reached on Nov 16, 2021 (2 years 1 month ago).

What's USD Coin lowest price ever?

USDC has a lowest price of $0.4741, which was reached on Dec 11, 2022 (1 year 4 weeks ago).

What are the best exchanges for buying and selling USDC?

Currently, the most active and dominating exchanges for buying and selling USD Coin are Binance, Kraken & Kucoin. The most popular USD Coin trading pairs are USDC/USDT (on Binance ), ETH/USDC (on Bybit ), BTC/USDC (on Bybit ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping USDC?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping USD Coin. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

USD Coin project's Circulating Supply has been verified and is equal to:

Circulating Supply

25,185,290,421 USDC

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of USD Coin is $0.9990

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