| Current Rating | 7 |
|---|---|
| Symbol | USDC |
| Logo |  |
| Price change, 1h | 0.00% |
| Price change, 24h | -0.01% |
| Price change, 7d | 0.00% |
| USDC current price | $1.00 |
| USDC Market cap | $24 497 312 540 |
| Available supply | 24 498 342 738 USDC |
| Volume, 24h | $6 229 861 481 |
USDC, or USD Coin, is a cryptocurrency that is a digital counterpart to the US dollar. It refers to the so-called stablecoins, coins, which exchange rate depends on the hard fiat currency. USD Coin is a classic representative of stablecoins. The main difference between these coins is that their fluctuations do not depend on changes in the exchange rate of other cryptocurrencies. In particular, they are not related to the Bitcoin exchange rate. Companies and individuals can deposit in US dollars and convert tokens into USD Coin.
True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added.
Then the cryptocurrency can be exchanged back to fiat, which will be credited to the bank account. And USD Coin is the latest of this type of cryptocurrency. It officially became available only in October 2018. USD Coin is a joint development of Circle cryptocurrency startup and Coinbase exchange, which merged into Center Consorsium for the new project. And they implemented the CENTER technology, launched on the basis of the Ethereum blockchain. The USDC value securing mechanism is fairly simple. Developers collaborate with licensed financial issuers that confirm cryptocurrency dollar parity.
As more goods and services are tokenized, smart contract platforms will become fundamental building blocks of value exchange. CENTRE’s open-source and transparent stablecoin framework allows fiat to interact with smart contracts, giving developers a viable way to use real world currencies in blockchain applications.
The main difference between USDC stablecoin and fiat currency is that when buying a dollar, a person is forced to sell it at a lower rate. In the case of this stablecoin, buying one coin, the user will give exactly one dollar. The price of the USD Coin token is very stable: it never fell below $1 and did not exceed the $1.1 mark. But market capitalization, although growing much faster than True USD, is clearly responding to the market background. Since the USDC is based on the ERC-20, all wallets that support this standard are suitable for storing it. There are all types of wallets for this stablecoin: browser, electronic, hardware, mobile, paper, cold and so on. You can also store the coin on the exchange, though this method is less secure than the rest.
CENTRE stablecoins are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency. Issuers are required to regularly report USD reserve holdings, and that information will be made available upon request.
* Forex Rating accepts no liability for any errors in the USD Coin Price or USDC Information. For the most recent information please visit the USD Coin official site.
| # | Cryptocurrency | 7 days | |
| 1 |  |
Bitcoin | 13.79% |
|---|---|---|---|
| 2 |  |
Ethereum | 12.45% |
| 3 |  |
Tether USDt | -0.03% |
| 4 |  |
BNB | 5.4% |
| 5 |  |
XRP | 9.91% |
| 6 |  |
Solana | 21.66% |
| 7 | |
USDC | 0% |
| 8 |  |
Cardano | 44.81% |
| 9 |  |
Dogecoin | 21.53% |
| 10 |  |
Avalanche | 44.1% |
| 11 |  |
Lido stETH | -3.32% |
| 12 |  |
TRON | 3.66% |
| 13 |  |
Wrapped TRON | 3.48% |
| 14 |  |
Polkadot | 34.01% |
| 15 |  |
Chainlink | 10.78% |
| 16 |  |
Polygon | 12.26% |
| 17 |  |
Toncoin | -3.57% |
| 18 |  |
Wrapped Bitcoin | 13.97% |
| 19 |  |
Shiba Inu | 21.54% |
| 20 |  |
Litecoin | 8.72% |
| # | Broker | Cryptos | |
| 1 |  |
HFM | |
|---|---|---|---|
| 2 |  |
Octa | |
| 3 |  |
FXCC | |
| 4 |  |
FxPro | |
| 5 |  |
Vantage | |
| 6 |  |
MultiBank Group | |
| 7 |  |
Efixxen | |
| 8 |  |
Exness | |
| 9 |  |
Just2Trade | |
| 10 |  |
Dukascopy | |
| 11 |  |
easyMarkets | |
| 12 |  |
eToro | |
| 13 |  |
Forex4you | |
| 14 |  |
FOREX.com | |
| 15 |  |
Kiexo |
Cryptocurrency market capitalisation changed little at the end of trading on Wednesday, remaining close to $1.59 trillion (-0.14% d/d). But this modest result is a show of strength...
7 Dec 2023
The crypto market made another leap forward on Tuesday afternoon after spending less than 24 hours in consolidation mode. In the last day, the total crypto cap reached $1.6 trillion, up 3.9% in a day...
6 Dec 2023
Bitcoin surpassed $42K on Monday, adding more than $2,000. The last time Bitcoin traded above $40K was in April 2022, before the collapse of the Terra ecosystem triggered a massive crypto market crash...
5 Dec 2023
Gold's historic highs and the surge in risk demand at the end of last week did not spare cryptocurrencies. Cryptos experienced impressive gains on Monday, but one cannot leave aside the weekend bull run as well...
4 Dec 2023
The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks...
1 Dec 2023
The crypto market cap fell 0.5% in 24 hours to $1.42 trillion, showing another pullback as part of a broader uptrend that started in mid-October but has slowed in the last couple of weeks...
30 Nov 2023
© 2006-2023 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.
