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USDC

USDC

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About USDC

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).

USDC (USDC) is a stablecoin that seeks to mirror the value of the U.S. dollar. Each unit of this digital currency in circulation is backed by $1 held in reserve, in a blend of cash and short-term U.S. Treasury bonds. The Centre consortium, the entity behind USDC, states that this cryptocurrency is issued by regulated financial institutions. USDC was launched in September 2018 with the aim of mirroring the value of the U.S. dollar in a digital format. It aims to cater to a world where cashless transactions are increasingly common. The aim is to foster an ecosystem where USDC is accepted by wallets, service providers, and decentralized applications (dApps).

USDC operates as an ERC-20 token on the Ethereum blockchain. This means that all USDCs in circulation are actually ERC-20 tokens, which can be integrated with Ethereum-based applications. The stability of this coin is maintained by holding U.S. dollars in reserve. An accounting firm is tasked with verifying the levels of cash held in reserve, ensuring this matches up with the number of tokens in circulation. New coins are created in line with demand, whenever someone wants to acquire one with their dollar.

USDC seeks to serve multiple use cases. It can provide a safe haven for crypto traders in times of volatility. It also aims to enable businesses to accept payments in digital assets and seeks to impact various sectors including decentralized finance and gaming. USDC can be used for everyday payments, commerce, and peer-to-peer transactions. It also serves as an onramp to the wider ecosystem of decentralized finance, given its stability and wide acceptance.

USDC was launched in September 2018 by the Centre Consortium, which includes the peer-to-peer payment services company Circle. In 2020, an upgrade to USDC’s protocol and smart contract was announced, with the aim of facilitating its use for everyday payments and transactions. Over the years, USDC has seen increased use, in part due to the growing interest in decentralized finance. The Centre Consortium has continued to innovate and expand the reach of USDC, launching it on multiple new blockchains and fostering its adoption across a wide range of platforms and services.

Market

Market stats

Market cap

$32.5B

Volume (24h)

$5.5B

Circulating supply

32.5B USDC

Typical hold time

3 days

Popularity

#6

All time high

$1.00

Market performance

Price change (1h)

0%

Price change (1d)

0%

Price change (1w)

0%

Price change (2w)

Not enough data

Price change (1m)

0%

Price change (1y)

0%

Social

Some highlights about USDC on social media

5,135 unique individuals are talking about USDC and it is ranked #58 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, USDC has an average sentiment score of 3.2 out of 5. Finally, USDC is becoming more newsworthy, with 0 news articles published about USDC. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about USDC. There were 23.97% of tweets with bullish sentiment compared to 11.5% of tweets with a bearish sentiment about USDC. 64.52% of tweets were neutral about USDC. These sentiments are based on 2288 tweets.

On Reddit, USDC was mentioned in 258 Reddit posts and there were 481 comments about USDC. 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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Overview

Contributors

5,135 people

Posts

2,065 posts

Dominance

0.13%

Volume rank

#58

Average Sentiment

3.2 out of 5

Twitter

Reddit

Posts

258

Comments

481

Post Score

312

Comment Score

334

Coinbase Bytes

Coinbase Bytes

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USDC price is unchanged in the past week.

The current price is $1.00 per USDC with a 24-hour trading volume of $5.46B. The new price represents a new all time high of $1.00. This all-time high is the highest price paid for USDC since its launch.

The current circulating supply of USDC is 32,495,722,683.115 USDC which means that USDC has as total market cap of 32,495,722,683.115.

FAQ

What is the current price of USDC?

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

What is the market cap of USDC?

The current market cap of USDC is $32.49B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of USDC?

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

What is the 24 hour trading volume of USDC?

Over the last 24 hours, the trading volume of USDC is $5.46B.

What other assets are similar to USDC?

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

How many USDC are there?

The current circulating supply of USDC is 32 billion.

What is the typical holding time of USDC?

The median time that Coinbase customers hold USDC before selling it or sending it to another account or address is 3 days.

What is the relative popularity of USDC?

USDC ranks 8 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of USDC?

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

Can I buy USDC on Coinbase?

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