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

4.4
Create a Coinbase account to buy and sell USD Coin on the most secure crypto exchange.
Market cap
$28.4B
Volume (24h)
$3.2B
Circulating supply
28.4B USDC
Typical hold time
4 days
Popularity
#4
All time high
$1.00
Price change (1h)
+0.01%
Price change (24h)
+0.01%
Price change (7d)
0%
Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.
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.
The price of USD Coin has fallen by 0.00% in the past 7 days. The price increased by 0.01% 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 28,445,856,845.937 USDC.
Average ratings from the community
4.4 out of 5
4789 ratings
Community
4.3
(1.6K)
Roadmap
4.4
(1.6K)
Usefulness
4.4
(1.6K)
This content is for informational purposes only.
Learn more
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).
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.
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
People who viewed USD Coin tend to also view the following cryptocurrencies.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
A selection of cryptocurrencies in the top 50 by market cap.
A selection of the most recently added cryptocurrencies.
Conversion Table
USDC/USD (US Dollar)
$1.00
USDC/CAD (Canadian Dollar)
CA$1.34
USDC/JPY (Japanese Yen)
¥138.92
USDC/INR (Indian Rupee)
₹82.51
USDC/EUR (Euro)
€0.93
USDC/NGN (Nigerian Naira)
NGN 462.81
USDC/KRW (South Korean Won)
₩1,297.57
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
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
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
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
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
CoinDesk • Mar 24, 23
NFTX DAO Eyes Treasury Rebalancing After USDC Wobbles
The decentralized autonomous organization’s token holders are voting to diversify $2 million of its treasury’s assets amid a turbulent crypto market.
Read more
The Block • Mar 16, 23
Circle ‘substantially clears’ backlog of USDC redemptions
The statement comes via an update, and claims that "since Monday morning, Circle has redeemed $3.8 billion USDC and minted $0.8 billion USDC."
Read more
Learn how we collect your information by visiting our Privacy Policy.
We update our USD Coin to USD currency in real-time. Get the live price of USD Coin on Coinbase.
The current market cap of USD Coin is $28.45B. A high market cap implies that the asset is highly valued by the market.
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.
Over the last 24 hours, the trading volume of USD Coin is $3.24B.
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.
The current circulating supply of USD Coin is 28 billion.
The median time that Coinbase customers hold USD Coin before selling it or sending it to another account or address is 4 days.
USD Coin ranks 16 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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.
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.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.