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USDC

USD Coin (USDC) Price Index

$ 0.999494 Ƀ 0.00001946
  • MarketCap
    $ 28,172,491,962
  • Volume
    $ 3,713,051,401
  • Change
    -0.10%
usd-coinUSDC
$ 0.999494
$ 0.999494
0.1%
0,922336
USDC
USD Coin (USDC)
$ 0.999494
USDC
USD Coin (USDC)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 02, 2023 | 3 min
Updated on Nov 30, 2023

Overview: What is USD Coin (USDC)?

USD Coin (USDC) is a stablecoin that is fully backed by US dollar assets or holdings. One USDC is, in essence, pegged to one US dollar, making the value the same and stable.

In this way, stablecoins are designed without the inherent volatility of other cryptocurrencies, like Bitcoin, which makes them more suitable as a means of payment or exchange.

 

USD Coin (USDC) was created by a partnership between Coinbase and fintech firm Circle, called CENTRE, and its purpose is to be used in decentralized (DeFi) projects as well as for cryptocurrency trading.

What Makes USDC Unique?

There are a number of stablecoins now available on the cryptocurrency market. One of the first to be backed by the US dollar was Tether (USDT), but the coin has been subject to controversy in the past surrounding whether it does indeed have sufficient backing of US dollar reserves.

 

USD Coin (USDC) is preferred by many who are more comfortable with the transparency the creators have provided around the US dollar reserves that back it. Every month an independent accounting firm audits and reports on the US dollar reserves backing the coin. So far, though, USDC has a smaller trading volume than USDT. USDC is seen to be compliant with US anti-money laundering and know-your-customer regulations. USD coin is also based on an open-source protocol, so its technology is freely available for any project to use.

How does USDC work?

For every USD coin (USDC) in circulation, CENTRE must hold an equivalent backing US dollar in reserve. This makes each USDC worth one dollar, so the coin is much more reliable to use. USDC is not designed to be an asset that will increase in value, like Bitcoin.

What is USDC Used For?

In some ways, stablecoins are a medium that sits between traditional fiat currency and volatile cryptocurrencies. Investors and traders, in particular, can use a stablecoin to retain digital asset value on an exchange or in a wallet with a known value that they can then exchange into a more volatile cryptocurrency as required.

How is the USDC price determined?

Because each USDC is backed entirely by a US dollar, USD coin price is the same as a US dollar, and the value is equivalent when set against other cryptocurrencies or other fiat currencies.

 

Where do you buy USD Coin (USDC)?

USDC is available to buy on major cryptocurrency exchanges. Because it’s so useful to traders and competes with other major stablecoins, it is available on most platforms.

USDC prediction 2025

Unlike non-stablecoins, USD coin prices maintain against the US dollar. USDC price history should always be one US dollar; however, stablecoins do have tiny fluctuations on cryptocurrency exchanges, and these can be seen in any USDC price chart. A USD coin prediction 2025 should always expect one USDC to have the same value as one US dollar.

 

Most frequently asked questions about USD Coin

What is us dollar coin crypto?

US dollar coin crypto or U.S dollar coin crypto is sometimes used instead of USD coin (USDC). USDC is the stablecoin created by a partnership between Coinbase and Circle, called CENTRE, and each USDC is backed by one US dollar held in reserve.

 

How much does a dollar coin cost?

USD coin price is designed to always be one dollar. So $100 USD will buy 100 USDC, and so on. USD coin (USDC) is a stablecoin pegged to the US dollar.

 

How does USDC maintain its value?

Stablecoin’s retain their value by being backed on a 1:1 basis by their fiat, or similar, reserves. As each USDC is backed by a US dollar, it retains the same value as one USD.

 

Why is USDC so popular?

USD coin (USDC) is popular firstly because stablecoins have so much utility in the cryptocurrency space. And, also because USDC is often seen as more reliable than USDT because the coin’s creators are much more transparent about the US dollar reserves held.

 

Is USDC 100% safe?

No cryptocurrency or stablecoin is 100% safe. USD coin price gives a safer store of value, as each is worth one US dollar. However, should for any reason the US dollar assets not be held in reserve or the protocol or exchange is hacked or suffers a technical issue, there is a risk of losing an investment in the coin. Stablecoins can also become “un-pegged” from their asset reserves.

 

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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