USD CoinUSDC

USDC is a stablecoin that aims to maintain a peg to the US dollar. USDC is fiat-collateralized stablecoin meaning it is 100% backed by US dollar-denominated assets held in accounts with US regulated financial institutions.

Price History
$0.00
Vol0.00USDC
1D
1W
1M
1Y
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Market Info
Market Cap
$47,326,610,780
Diluted Market Cap
$47,326,610,780
Vol 24h
$16,278,802
Vol / Market Cap
0.0003
24h Change
-0.01%
1h Change
-0.01%
24h High
$1.00
24h Low
$1.00
Latest Block
-
Block Reward
-
Hashes Per Second
-
Circulating Supply
47,331,343,915
Max Supply
Uncapped
Consensus
-
Algorithm
-
Genesis Block Date
2018-10-31
Data provided by CryptoCompare
About

A brief history
USD Coin (USDC) was launched in September of 2018 by Center — a joint venture between Coinbase and Circle. USDC first launched on the Ethereum blockchain as an ERC-20 token, but has since expanded to other blockchains including Solana, Stellar, and Algorand, and can be purchased on both centralized and decentralized exchanges (DEXs). As a stablecoin, it provides all the benefits of cryptocurrencies––faster, cheaper, permissionless transactions––without the price volatility.

USDC in practice
USDC's price is pegged 1-1 to the US Dollar. The platform maintains this peg through a simple 100% collateralization mechanism. This means that if a user initiates a transaction to buy one USD Coin using fiat currency, then that fiat currency is deposited and stored as one U.S. dollar and the new USDC is minted. On the other hand, if a user were to sell a USD Coin in exchange for fiat currency, then the USDC is "burned" when the fiat money is transferred back to your bank account. In theory, for every 1 USDC token in circulation, there is USD $1 held in collateral. In order to purchase USDC, a user must first meet the Know Your Customer (KYC) identity requirements. Following that process, users can link their bank account and make a wire transfer in US Dollars. That money is then converted into USDC, and the customer can use an exchange to trade it for other cryptocurrencies. Users can also convert the USDC back into US Dollars, which will then be wired back into their bank account.

Project Links
ETH Creator Address
0x95-3911
ETH Contract Address
0xa0-eb48
Website
Centre.io
Documents
Whitepaper
Please verify all project links, data may change over time. Be vigilant of scams interpreting official projects.
ROI
USD
ETH
BTC
6H
0.43%
0.00%
0.00%
1D
0.00%
-3.17%
-1.87%
1W
0.00%
1.28%
-0.96%
1M
0.00%
18.07%
2.14%
6M
0.00%
140.22%
122.37%
1Y
0.00%
159.20%
148.31%
3Y
-0.20%
-86.65%
-57.99%
USD
USDC

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