Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About USDC and SOMM
USDC is climbing, while Sommelier is falling this week. The current USDC to SOMM conversion rate is 3,321.80. Inversely, this means that if you convert 1 SOMM you will get 0.000301 USDC. The conversion rate of USDC/SOMM has increased by 0.26% in the last hour (SOMM/USDC decreased by 0.26%). In the last 24 hours, USDC/SOMM grew by 13.09%, while SOMM/USDC shrunk by the same amount.
The exchange rate of USDC is increasing. The current value of 1 USDC is 3,321.80 SOMM. In other words, to buy 5 USDC, it would cost you 16,609.00 SOMM. Inversely, 1 SOMM would allow you to trade for 0.000301 USDC while 50 SOMM would convert to 0.01505 USDC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 23.03%. Meanwhile, in the last 24 hours, the rate has changed by 11.9%, which means that the highest exchange rate of 1 USDC to SOMM was 3,363.22 SOMM and the lowest 24 hour value was 1 USDC for 2,919.23 SOMM. Last month, 1 USDC was worth 1,898.36 SOMM. Today, it's up 42.85%. Looking back a year, USDC has changed by 949.85 SOMM. That means that in a single year, the value of USDC has grown by 71.41%.
USDC Market Stats
USDC is a digital dollar issued by Circle that is fully backed by US dollars and US dollar equivalents. USDC was developed to represent a US Dollar equivalent onchain, and is used to send, store, and receive money between people and businesses without the need for third-party financial institutions.
Sommelier Market Stats
Sommelier is a non-custodial, cross-chain platform for executing actively-managed DeFi investment strategies. Community members can create Cellars that execute on an investment strategy through smart contracts. Cellars are powered by Strategy Providers (SPs) who develop trading strategies and send the recommended actions to the Sommelier Validators to be executed on the Cellar with the intention of gaining yield. Cellars can be strategies like: A portfolio of BTC and ETH that is rebalanced based on price trends that machine learning algorithms identify An NFT trading strategy that leverages Twitter sentiment around particular collections A strategy that hedges liquidity provision on DEXes Sommelier employs a unique architecture consisting of the Sommelier Cosmos SDK blockchain, an off-chain execution environment that keeps strategies private while allowing them to leverage a wide variety of off-chain data modeling techniques, and one of the best performing ETH bridges. Strategy instructions are passed across this bridge to reposition assets in Cellars. This bridge is also being expanded to allow access to other chains (like Polygon, Avalanche, etc) so strategies are not tied to just high gas ETH markets. Sommelier aggregates and batches transactions, thereby reducing gas fees, providing an attractive alternative to Ethereum’s high transaction costs. As for security, Sommelier uses a decentralized governance mechanism run by validators, ensuring state-of-the-art safety of user funds. Validators pass strategy instructions across the bridge, but users’ assets are never moved across it, instead being deployed directly into Cellars. Further, Cellars are non-custodial, meaning that users can withdraw their assets at any time, while strategy providers never have ownership of those assets.
Conversion tables
USDC to SOMM values from Today at 5:05 am
0.5 USDC = 1,660.90 SOMM |
1 USDC = 3,321.80 SOMM |
5 USDC = 16,609.00 SOMM |
10 USDC = 33,217.99 SOMM |
50 USDC = 166,089.96 SOMM |
100 USDC = 332,179.92 SOMM |
500 USDC = 1,660,899.59 SOMM |
1,000 USDC = 3,321,799.17 SOMM |
SOMM to USDC values from Today at 5:03 am
0.5 SOMM = 0.0001505 USDC |
1 SOMM = 0.000301 USDC |
5 SOMM = 0.001505 USDC |
10 SOMM = 0.00301 USDC |
50 SOMM = 0.01505 USDC |
100 SOMM = 0.0301 USDC |
500 SOMM = 0.1505 USDC |
1,000 SOMM = 0.301 USDC |
USDC to SOMM over time
USDC | Today | 24H 11.90% | 1M 42.85% | 1Y 71.41% |
|---|---|---|---|---|
0.5 USDC | 1,660.90 SOMM | 1,463.23 SOMM | 949.18 SOMM | 474.92 SOMM |
1 USDC | 3,321.80 SOMM | 2,926.47 SOMM | 1,898.36 SOMM | 949.85 SOMM |
5 USDC | 16,609.00 SOMM | 14,632.33 SOMM | 9,491.81 SOMM | 4,749.23 SOMM |
10 USDC | 33,217.99 SOMM | 29,264.66 SOMM | 18,983.62 SOMM | 9,498.46 SOMM |
50 USDC | 166,089.96 SOMM | 146,323.31 SOMM | 94,918.09 SOMM | 47,492.29 SOMM |
100 USDC | 332,179.92 SOMM | 292,646.61 SOMM | 189,836.17 SOMM | 94,984.58 SOMM |
500 USDC | 1,660,899.59 SOMM | 1,463,233.05 SOMM | 949,180.87 SOMM | 474,922.90 SOMM |
1,000 USDC | 3,321,799.17 SOMM | 2,926,466.10 SOMM | 1,898,361.75 SOMM | 949,845.80 SOMM |
Frequently asked questions
Right now, 1 USDC is worth about CA$1.41.
Based on the current rate, you could get 0.7095 USDC for 1 CAD.
You can use our USDC to CAD calculator at the top of this page to convert any amount of USDC to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 3.55 USDC. Inversely, 5 USDC will cost about CA$7.05
USDC is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy USDC.
Buy USDC with Coinbase
Create a Coinbase account to buy and sell USDC on the most secure crypto exchange.
Related conversions
Popular cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.