USDC
Current price
$1.00
+0.03%24h
LiveUpdated 20s ago
TodayUSDC holds its $1 peg.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.01%
- 24 hours+0.03%
- 7 days+0.06%
- 30 days+0.08%
- 1 year+0.16%
USDC's move in context
Built to stay at $1
USDC is a stablecoin: its issuer aims to keep it worth one US dollar, so small moves like +0.03% are normal.
Beating the market today
+0.03% today against −3.24% for the market as a whole, a gap of 3.3 points. A gap this wide suggests something specific to USDC may be moving it, not just the market mood.
Part of a climb
+0.1% over 7 days and +0.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About USDC
Comprehensive Overview of USDC
USD Coin (USDC) is a widely-used digital stablecoin designed to maintain a 1:1 peg with the US dollar, offering a reliable and secure means of transacting in the digital economy. Launched in September 2018, USDC is a product of collaboration between Circle, a global financial technology firm, and Coinbase, a leading cryptocurrency exchange. The primary goal of USDC is to combine the advantages of blockchain technology with the stability of traditional fiat currencies, enabling users to conduct transactions without the volatility typically associated with other cryptocurrencies.
How USDC Works
USDC is an ERC-20 token built on the Ethereum blockchain, but it also operates on several other prominent blockchain platforms, including Algorand, Solana, and Stellar. This multi-chain support allows USDC to be used across various decentralized applications (dApps) and blockchain ecosystems, offering users a versatile and interoperable stablecoin.
Each USDC token is fully backed by an equivalent amount of US dollars held in reserve by regulated financial institutions. These reserves are regularly audited by independent accounting firms, providing transparency and ensuring that the total supply of USDC in circulation is always matched by the corresponding amount of USD in reserve. This rigorous process of auditing and transparency is crucial for maintaining trust and confidence among users, ensuring that USDC remains a stable and reliable digital currency.
Benefits and Use Cases of USDC
USDC offers several key benefits that make it an attractive option for a wide range of users:
1. Stability
Unlike other cryptocurrencies that are subject to significant price fluctuations, USDC is designed to maintain a stable value. This stability makes it an ideal choice for users who want to avoid the volatility of the crypto market while still enjoying the benefits of blockchain technology.
2. Fast and Low-Cost Transactions
Transactions involving USDC are processed quickly and at a low cost, especially compared to traditional financial systems. Whether you are sending money across borders, paying for goods and services, or participating in decentralized finance (DeFi) protocols, USDC offers a fast and efficient way to transfer value.
3. Global Accessibility
USDC can be used by anyone with an internet connection, making it a truly global digital currency. Its widespread adoption and support on multiple blockchain platforms mean that users can access and utilize USDC from virtually anywhere in the world.
4. Enhanced Security
Operating on secure and decentralized blockchain networks, USDC transactions are safeguarded against fraud and unauthorized access. The use of blockchain technology ensures that transactions are transparent, immutable, and verifiable, providing an additional layer of security for users.
USDC in the Broader Crypto Ecosystem
As the cryptocurrency market continues to evolve, USDC has emerged as a cornerstone of the digital finance ecosystem. It is widely used in various DeFi applications, enabling users to lend, borrow, and trade digital assets with the stability of a fiat-backed currency. Additionally, USDC is commonly utilized for cross-border payments, providing a faster and more cost-effective alternative to traditional remittance methods.
The growth of USDC reflects the increasing demand for stablecoins as a bridge between traditional finance and the rapidly expanding world of digital assets. By providing a stable, transparent, and accessible digital currency, USDC is helping to drive the adoption of blockchain technology and expand the possibilities for decentralized finance.
USDC market
- Position by market cap among the coins we track.
- #6
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $72.77B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $1.00High $1.00
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $1.17
- Now 86% of itReached 8 May 2019 · Needs +17% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 72.69B USDC
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
USDC converter
1 USDC = $1.00
