USD Coin (USDC)

USD Coin (USDC)

Rank #4

$1

0.04%

0.000034 BTC

USDC
USD

MARKET CAP

$53.046 B

ALL TIME HIGH

$2.35

VOLUME 24H

$2.942 B

CIRC. SUPPLY

53.046 B

VOL/MCAP

6.00%

TOTAL SUPPLY

53.046 B

DILUTED MCAP

53.046 B

MAX SUPPLY

--

1H USD

-0.02%

24H USD

0.04%

7D USD

0.01%

30D USD

0.01%

60D USD

-0.00%

90D USD

0.05%

Tag:

medium-of-exchangestablecoinasset-backed-stablecoinfantom-ecosystemView all

All about

What is USDC?

USD Coin (USDC) is a digital currency that is referred to as a Stablecoin (a coin with fixed value). You can always exchange one USD Coin for 1 US Dollar, which makes its price stable at $1. In Coinbase, eligible customers can receive rewards for each USD Coin they hold.

  • Stable value: For customers with a US Dollar bank account, 1 USDC can always be exchanged for 1 US Dollar, giving it some price stability.
  • Backed by US dollars: Each USDC has a certified US dollar behind it, which is kept in the bank.
  • Powered by Ethereum: USD Coin is a token on the Ethereum platform, so you can store it in a suitable wallet like the Coinbase wallet.
  • Global transactions: USC Coin is designed to help Dollars circulate globally from your crypto wallet to exchanges, businesses or other users.
  • Above is an introduction to what USDC is – A stable coin created by Coinbase.

USDC runs on the Ethereum blockchain as an ERC-20 token. Each USDC token is 100% legally backed by a single USD held in accounts exposed to regular public reserve reporting. The underlying technology behind the USDC was developed in collaboration between Coinbase and the Circle platform.

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