The live price of USDC is - per (USDC / USD) with a current market cap of $60.88B USD. 24-hour trading volume is - USD. USDC to USD price is updated in real-time. USDC is -% in the last 24 hours with a circulating supply of 60.89B.
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| Today | - | 0% |
| 30 Days | - | 0% |
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USDC (USD Coin) is a stablecoin designed to provide stability to the cryptocurrency market with a 1:1 peg to the US dollar. Each USDC token is backed by reserves consisting of cash and short-term US Treasury bills. USDC was launched in 2018 by Centre Consortium, a partnership between Circle and regulated financial institutions that aims to connect traditional finance with blockchain technology. It is widely used for transactions, decentralized finance (DeFi), and digital payments across multiple blockchain networks.
The USDC stablecoin is available as an asset on a number of different blockchains, including on the Ethereum blockchain as an ERC-20 token. Institutional players can issue USDC, provided they meet certain conditions, including regulation. USDC can be found on multiple cryptocurrency exchanges and traded in a variety of currency pairs. USDC can also be created and redeemed under certain parameters.
The USD coin was created by the tech company Circle and is currently managed by the Center Alliance. The project is backed by Coinbase and Bitmain, and USD coin can also be purchased on Coinbase. USD coin continues to climb the stablecoin rankings, and people believe that USD coin has become an alternative to the controversial USDT coin.
Many people are concerned about whether stablecoins are actually backed by fiat currency. However, compared to Tether's USDT, USD coin is considered safer for several reasons. First, USD coin has not had any conflicts with regulators, which is in stark contrast to Tether, which is still sorting out its fiat currency reserves. In addition, the Federal Deposit Insurance Commission (FDIC) insures USD coin accounts, which has largely alleviated users' concerns about USD coin. Note: Cryptocurrency trading, purchase, and mining are prohibited in mainland China.
There are many factors that affect the price of USDC, including market sentiment, technological development, user adoption, and macroeconomic events.
Like most stablecoins, USD is a payment gateway for cryptocurrency investors to enter the cryptocurrency market. It converts fiat currency into digital assets and can be used to buy and sell other cryptocurrencies. In addition, the characteristics of USD determine that it can provide stability that other digital currencies do not have. Digital assets such as Bitcoin are very volatile, and can rise by 20% in a day, and may fall even more sharply a few days later. In contrast, USD avoids this volatility, so this asset allows users to obtain more reasonable returns. Another significant advantage is that it is easier to transfer. USD can be transferred from one wallet or user to another wallet or another person in an instant, which is an ideal transfer method for cross-border remittance users, without waiting for hours or days to get instant feedback. Note: Cryptocurrency trading, purchase, and mining are prohibited in mainland China.
The main differences between Tether (USDT) and USD Coin (USDC) are as follows:
1. Issuing entity: USDT is issued by Tether Limited, while USDC is issued by the Centre Alliance.
2. Collateral: USDT claims to be fully backed by reserve funds of traditional fiat currencies (such as the US dollar), while USDC is backed by US dollar deposits held in bank accounts.
3. Transparency: USDC has been independently audited to verify that it is fully backed by US dollar deposits, while USDT has been controversial and criticized for its lack of transparency and inability to prove that it is fully backed by reserve funds.
Both USDT and USDC are popular stablecoins that are widely used in the cryptocurrency market. However, USDC may be seen as having higher transparency and credibility.
The operation of USDC is governed by a standard set of protocols. Users interested in using USDC must complete a Know Your Customer (KYC) procedure. Once completed, it is possible to connect to the user's bank account and convert USD to the USDC account, and also to remit USDC back to a regular bank account. Note: Cryptocurrency trading, purchases, and mining are prohibited in mainland China.
USDC tokens are traded on centralized exchanges. The most popular exchange for buying and trading USDC is Binance, with the most active trading pairing being USDC/USD.
The USDC to other currencies exchange rate?
