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USD Coin



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Market stats

Market cap


Volume (24h)


Circulating supply

29.0B USDC

Typical hold time

19 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


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USD Coin is on the rise this week.

The price of USD Coin has risen by 0.01% in the past 7 days. The price increased by 0.02% in the last 24 hours. In just the past hour, the price grew by 0.01%. 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 28,972,470,339.14 USDC.


Average ratings from the community

4.4 out of 5

4729 ratings











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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Some highlights about USD Coin on social media

USD Coin was mentioned in 883 out of 221,252 social media posts on Twitter and Reddit on May 31, 2023. This is a 3.88% increase compared to yesterday's volume. Additionally, 33 unique individuals are talking about USD Coin and it is ranked #93 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, USD Coin has an average sentiment score of 3.1 out of 5. Finally, USD Coin is becoming more newsworthy, with 0 news articles published about USD Coin. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about USD Coin. There were 18.75% of tweets with bullish sentiment compared to 34.38% of tweets with a bearish sentiment about USD Coin. 46.88% of tweets were neutral about USD Coin. These sentiments are based on 33 tweets.

On Reddit, USD Coin was mentioned in 0 Reddit posts and there were 0 comments about USD Coin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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33 people


883 posts



Volume rank


Average Sentiment

3.1 out of 5


Reading List


Decrypt • May 30, 23

USDC Backing Maker’s Stablecoin DAI Plummets to 23%

The decentralized stablecoin DAI is undergoing a massive shift as MakerDAO reduces USDC exposure and opts for U.S. Treasury bills.

Read more

News Article Image

The Defiant • May 26, 23

DAI Mostly Centralized Even After Halving USDC Exposure

The lion's share of MakerDAO's stablecoin is backed by centralized stablecoins and real-world assets.

Read more

News Article Image

CoinDesk • Apr 26, 23

Circle Unveils New Method for Moving USDC Between Blockchains

The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail.

Read more

News Article Image

CoinDesk • Apr 26, 23

Circle Unveils New Method for Moving USDC Between Blockchains

The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail.

Read more

News Article Image

The Block • Apr 11, 23

USDC supply stabilizes following Silicon Valley Bank bank woes as tether cements its stablecoin dominance

After a wave of redemptions following the collapse of Silicon Valley Bank, the supply of stablecoin USDC on Ethereum has stabilized.

Read more

News Article Image

The Block • Mar 30, 23

Circle’s USDC stablecoin sees market cap plunge $10 billion over past two weeks

Circle’s USDC continues to see redemptions en masse as the coin's market cap fell to about $32.5 billion, a decline of roughly $10 billion in two weeks.

Read more

News Article Image

CoinDesk • Mar 30, 23

Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin

USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.

Read more

News Article Image

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What is the current price of USD Coin?

We update our USD Coin to USD currency in real-time. Get the live price of USD Coin on Coinbase.

What is the market cap of USD Coin?

The current market cap of USD Coin is $28.97B. 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 $2.76B.

What other assets are similar to USD Coin?

Assets that have a similar market cap to USD Coin include Bitcoin, Ethereum, 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 29 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 19 days.

What is the relative popularity of USD Coin?

USD Coin ranks 17 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.

Can I buy USD Coin on Coinbase?

Yes, USD Coin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy USD Coin guide.