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USD Coin


12/8/2022, 11:01:45 PM

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Market stats

Market cap


Volume (24h)


Circulating supply

42.8B USDC

Typical hold time

18 days

Trading activity

Not enough data



All time high


Price change (1h)


Price change (24h)


Price change (7d)


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USD Coin is on the decline this week.

The price of USD Coin has fallen by 0.00% in the past 7 days. The price increased by 0.00% in the last 24 hours. In just the past hour, the price shrunk by 0.00%. The current price is $1.00 per USDC. The new price represents a new all time high of $1.00.

The current circulating supply is 42,775,337,768.448 USDC.


USD Coin (USDC) is a stablecoin redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. Note: Coinbase only supports USDC running on Ethereum (ERC-20).

What is USD Coin (USDC)?

USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. It’s designed to make transactions faster and cheaper than traditional payments while reducing the volatility typically associated with cryptocurrencies like Bitcoin.

A new class of cryptocurrencies, stablecoins have their price fixed to a reserve asset (often the US dollar) at a one-to-one ratio. Stablecoins, which usually have their price backed by one or multiple reserve assets (often the US dollar), are one of the most popular and versatile classes of cryptocurrency to emerge in the last few years. USD Coin (USDC), as its name would suggest, is a digital dollar. USDC, as its name would suggest, is one such dollar-pegged cryptocurrency. Each USDC is backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. Its goal is to make crypto payments via the blockchain more reliable by reducing price fluctuations.

How USDC works

Cryptocurrencies are now used to make payments, to engage with decentralized services and tools, and to store value. But they tend to have a trait that limits their day-to-day usability: volatility. Even Bitcoin, which has seen less volatility compared to its earliest years, moves too much relative to fiat currencies to be a comfortable everyday currency for most users.

By providing assurances that token holders can redeem one USDC for exactly one US dollar at any time, the potential for price speculation is significantly reduced – resulting in a crypto asset that maintains a fixed value.

USDC runs on Ethereum, which is a decentralized, programmable blockchain that allows developers to create a huge range of apps and tokens. USDC was created to be a highly useful form of digital money that wouldn’t see value swing dramatically in the middle of a transaction.

USDC is an Ethereum token and can be used to facilitate blockchain payments and transfer of value in the context of Ethereum smart contracts. This allows users to keep cryptocurrencies in a wallet, ready to send to a friend or interact with decentralized financial tools and services, and with minimal any exposure to the risk of their holdings falling in price before they get a chance to spend them.

It is backed by dollar-denominated assets of at least equal fair value to the USDC in circulation, in segregated accounts with U.S. regulated financial institutions. You can buy USDC via exchanges like Coinbase, and hold it in an Ethereum compatible wallet. There are no fees for transferring a US dollar to USDC on Coinbase. The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium.

Stablecoins like USDC have a wide range of uses. You can:

  • Send money cheaply and near-instantly anywhere in the world without a traditional bank account (a huge improvement over wire transfers which can be expensive and take days).

  • Earn rewards on USDC held in a Coinbase account.

Think of USDC as being a programmable dollar. Being programmable unlocks a whole new world of applications and businesses: developers can create accounts to store money with one line of code; lending that is faster, cheaper, and more transparent; faster and cheaper payments, including payroll; global crowdfunding; transparent and stable donations to charity.

Released: September 2018

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What is the current price of USD Coin?

The price of 1 USD Coin currently costs $1.00.

What is the market cap of USD Coin?

The current market cap of USD Coin is $42.78B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of USD Coin?

The all-time high of USD Coin is $1.00. This all-time high is highest price paid for USD Coin since it was launched.

What is the 24 hour trading volume of USD Coin?

Over the last 24 hours, the trading volume of USD Coin is $2.17B.

What other assets are similar to USD Coin?

Assets that have a similar market cap to USD Coin include Ethereum, Ethereum 2, Tether, and many others. To see a full list, see our comparable market cap assets.

How many USD Coin are there?

The current circulating supply of USD Coin is 43 billion.

What is the typical holding time of USD Coin?

The median time that Coinbase customers hold USD Coin before selling it or sending it to another account or address is 18 days.

What is the relative popularity of USD Coin?

USD Coin ranks 16 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of USD Coin?

Currently, 99% of Coinbase users are buying USD Coin. In other words, 99% of Coinbase customers have increased their net position in USD Coin over the past 24 hours through trading.