USD Coin (USDC)

0.03 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

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Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

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Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

41,950,846,672.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

41,950,847,898.54
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

0.00
Low High
Contract
Website
Explorers
Community
Social Media
Tags
Week Month Year All Time
High

Jan 31 2023

1.002194344746
-0.22%

Jan 14 2023

1.004506950523
-0.45%

Feb 05 2022

1.010924731938
-1.08%

May 08 2019

-14.70%
Low

Jan 29 2023

1.000235604256
-0.02%

Jan 21 2023

0.998664890031
0.13%

Jul 01 2022

0.987916159084
1.22%

May 19 2021

12.17%

Market

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score

Historical Data

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Coin
USD Coin
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Coin Info

USD Coin (abbreviated USDC) is a stablecoin with a 1:1 correlation to the US dollar. Every unit of this cryptocurrency in circulation is backed by $1, which is kept in reserve and is kept in a combination of short-term US Treasury bonds and cash. According to the Centre Consortium, which created this instrument, USDC is issued by regulated financial institutions.

The stablecoin was initially released in limited quantities in September 2018. Simply put, USD Coin's mantra is "digital money for the digital age," and the stablecoin is created for an environment where cashless transactions are becoming more widespread.

The USD Coin has a number of uses. It offers a safe haven for crypto traders during times of volatility. It also allows companies to accept payments in digital assets, shaking up a variety of industries such as decentralised finance and gaming.

Overall, the objective is to build an ecosystem where as many wallets, exchanges, service providers, and dApps as possible accept USDC.

The Centre Consortium was founded by two individuals. The Coinbase cryptocurrency exchange is one of them, and the other is the peer-to-peer payment services provider Circle. This collaboration is open to other crypto enterprises.

Circle and Coinbase announced a big update to USDC's technology and smart contract in 2020. These enhancements are intended to make it easier to use USD Coin for everyday payments, commerce, and peer-to-peer transactions.

To know more about the USD market cap and chart, install the top cryptocurrency app CoinGabbar today!

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