USD Coin
USDC
USD Coin (USDC) Profile
24H Range
24H Low
$0.99927251
24H High
$1
Price Changes
All Time High
$2.34
Price Change 1H
+0.02%
Price Change 24H
+0%
Price Change 7D
+0%
Market Statistics
Market Cap
$74.56B
24H Volume
$12.40B
Circulating Supply
74.72B
Max Supply
0.00
About USD Coin (USDC)
Website
What Is USDC (USDC)?
USDC is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.
The stablecoin originally launched on a limited basis in September 2018. Put simply, USDC’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.
Several use cases have been unveiled for the USDC. As well as providing a safe haven for crypto traders in times of volatility, those behind ...