USDC - USD Coin Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
Day

Quote Currency:

USD

USD Coin

USDC
$1.0010
0.27%
Market Cap
$474.33M
1.00%
Volume
$242.27M
40.00%
Transp. Vol.
$40.69M17%
-7.00%
Transparency Grade(Transparent)
Circulating Supply473,874,069
Max SupplyNone

Token Summary

Market Cap
$474.33M
1.00%
Volume
$242.27M
40.00%
Transp. Vol.
$40.69M17%-7.00%
Transparency Grade(Transparent)
Circulating Supply473,874,069
Max SupplyNone

USD Coin (USDC) is an asset-backed stablecoin pegged to the US dollar at a 1:1 ratio. Each USD Coin is collateralized with a US dollar that is held in regulated financial institutions which are monitored and audited on a monthly basis. USDC is an alternative to other US dollar-backed cryptocurrencies like Tether (USDT) and TrueUSD (TUSD).

USDC was created and launched in September 2018 by CENTRE, an open-source consortium developing a decentralized network of fiat stablecoins. CENTRE was co-founded in 2017 by Circle and Coinbase. (Circle is a peer-to-peer payments technology company founded by Jeremy Allaire and Sean Neville in October 2013 and Coinbase is a popular cryptocurrency exchange founded in June 2012 by Brian Armstrong and Fred Ehrsam.) The goal of CENTRE is to develop price-stable cryptoassets, handle governance, and create network protocols for USDC and other fiat-backed stablecoins.

Unlike other stablecoins which only have one issuer, USDC is designed to have multiple issuers as more organizations join the CENTRE consortium. The technology and governing framework are developed by CENTRE but organizations can issue the token. Circle and Coinbase are the first commercial issuers of USDC.

In June of 2019, the CENTRE consortium was officially open for others to join. By becoming a member of the CENTRE network, institutions agree to CENTRE’s operating rules and are given the right to issue and redeem USDC.

CENTRE requires issuers of USDC to regularly report their USD reserve holdings. Each month, an independent accounting firm (Grant Thornton LLC) audits the US dollar reserves held in regulated and licensed financial institutions to confirm that the US dollar reserves do in fact back the USDC tokens in circulation. The monthly attestation reports are published on the CENTRE website.

USDC is an ERC-20 token issued on the Ethereum blockchain and can be stored in any Ethereum wallet.

Read More
Get cash in 45+ currencies using crypto as collateral without selling it. Secured by crypto custodian insurance.Explore Nexo >>

USD Coin Statistics

USD Coin is currently trading at $1.0010, which is up <1% over the last 24 hours; its market cap is $474.33M. 24 hour volume is $242.27M. It has a market cap rank of 24 with a circulating supply of 473,874,069. USD Coin is traded on 0 exchanges. USD Coin had an all-time high of $1.0209 about 1 year ago. Over the last 24 hours, USD Coin has had 17% transparent volume.

Price$1.0010
Price Change
$0.002694 (0.27%)
All-Time High$1.0209
Date of ATH10/15/2018
Days Since ATH367
% of ATH98.05%
Price vs ATH
Market Cap$474.33M
Mkt Cap Change
$4.00M$3,995,814 (1.00%)
Mkt Cap Rank24
Mkt Dominance0%
Mkt Dominance
Volume$242.27M$242,272,119
Vol. Change
$69.16M$69,155,921 (40.00%)
Exchange VolumeUnknown
Transparent Volume17%
Transparent Volume (Δ)
-7.00%
Transparent Volume
A - 17%
C - <1%
D - <1%
? - 83%

USD Coin Information

© 2019 Nomics™ | All Rights Reserved

Terms | Privacy