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USDC

usdc

$1.001Price Change 24h: -0.04%Price data by Coingecko logoCoinGecko

USDC Price Chart

USDC Price Converter

usdc

24-Hour Range

$0.996 $1.001
LowHigh

Market Cap

Rank#6
Market Cap$33.72B
Volume$7.36B

Supply

Circulating33.75B
Total33.75B
Created on01/01/1970

All Time High

ATH$1.17
ATH Change-14.74%
ATH Date05/08/2019

USDC Price Perfomance

PeriodChange [%]LowHigh
24h-0.04%$0.996$1.004
7 days-0.04%$0.993$1.003
14 days0.21%$0.993$1.003
1 month0.07%$0.999$1.001
1 year-0.10%$0.997$1.004

USDC OHLC

DatePriceNet ChangeChange [%]PriceNet ChangeChange [%]
07/12/2024Close1.0010.00120.12%High1.004-0.0010-0.10%
Open0.998836-0.0012-0.12%Low0.9940930.00030.03%
07/11/2024Close0.999763.60e-50.00%High1.005-0.0010-0.10%
Open10.00e+00.00%Low0.993757-0.0039-0.39%
07/10/2024Close0.999724-9.20e-5-0.01%High1.0060.00100.10%
Open19.10e-50.01%Low0.997660.00280.28%
07/09/2024Close0.9998160.00060.06%High1.0050.00300.30%
Open0.999909-0.0011-0.11%Low0.994844-0.0009-0.09%
07/08/2024Close0.999263-0.0007-0.07%High1.002-0.0030-0.30%
Open1.0010.00190.19%Low0.995788-0.0008-0.08%
07/07/2024Close10.00e+00.00%High1.0050.00100.10%
Open0.999103-0.0009-0.09%Low0.9965810.00570.58%
07/06/2024Close10.00e+00.00%High1.0040.00100.10%
Open10.00080.08%Low0.990863-0.0025-0.25%

* Price information provided by CoinGecko. Day starts at UTC 00:00

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1. What is USDC?

USD Coin (USDC) is a stablecoin developed by Circle, a financial technology company, in collaboration with Coinbase. It was founded and launched in September 2018.

USDC is designed to be equivalent to one US dollar, providing stability in the volatile crypto market. It operates on the Ethereum blockchain, among others, and is backed by US dollar reserves held on a 1:1 basis.

2. How Does USDC Function?

USDC is integrated into various blockchain networks such as Ethereum, Algorand, and Solana. It maintains its dollar peg by issuing and redeeming tokens corresponding to actual dollars held in reserve.

3. What Are Some Key Uses of USDC?

USDC provides a stable option for receiving and making payments in the cryptocurrency sphere. Its consistent value minimizes the risk of payment fluctuations.

4. What Are the Drawbacks of Using USDC?

The stability of USDC hinges on the assets backing it. Circle asserts that USDC is backed by fully reserved dollar assets, though the exact composition of these reserves isn't fully disclosed, leading some to view it as an asset-backed stablecoin rather than a strictly fiat-backed one.

USDC's compliance with current financial regulations makes it less appealing to those seeking a decentralized solution. Its centralized nature could deter users who prefer a more decentralized approach to finance.

Latest posts about USDC

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line and bar charts on the rise

Tether’s USDT Market Cap Hits New Record as Stablecoins Recover

USDT breached $90 billion in market cap for the first time.
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An image of a brazilian flag waving amid a cryptocurrency tokens.

Brazil’s Crypto Rails Get Boost from Itau and Nubank

Nubank partnered with Circle to offer USDC access, and Brazil’s largest bank, Itau, has launched crypto trading.
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Circle Launches Bridged USDC Contract For EVM Chains

Circle Launches Bridged USDC Contract For EVM Chains

Users can permissionlessly deploy the standard to migrate USDC or EURC onto EVM-compatible chains
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Native USDC Rolls Out Across Polkadot Ecosystem

Native USDC Rolls Out Across Polkadot Ecosystem

Polkadot Is Circle’s Third USDC Integration In The Past Month
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USDC To Expand Native Support To Base and Optimism

USDC To Expand Native Support To Base and Optimism

Deployments Come As USDC Seeks To Reverse Declining Market Share
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Coinbase Invests In USDC Issuer Circle

Coinbase Invests In USDC Issuer Circle

USDC Will Expand To Six New Chains; Centre Consortium To Dissolve
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Utopia Labs Enables USDC ‘Transfers’ to US Bank Accounts

Utopia Labs Enables USDC ‘Transfers’ to US Bank Accounts

Utopia Labs aims to minimize friction between blockchains and legacy finance
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MakerDAO Ratifies Constitution Aiming to Decentralize DAI

MakerDAO Ratifies Constitution Aiming to Decentralize DAI

Endgame Plan limits RWAs in favor of crypto collateral for DAI
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USDC Finds Stability Near $0.97 After Crashing on SVB Concerns

USDC Finds Stability Near $0.97 After Crashing on SVB Concerns

Circle said the stablecoin will be redeemable for US dollars starting Monday.
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Traders Dump USDC After Silicon Valley Bank and Silvergate Fail

Traders Dump USDC After Silicon Valley Bank and Silvergate Fail

USDC issuer Circle said it banked with failed SVB and Silvergate.