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USD Coin
USDC
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What Is USD Coin (USDC)?

USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.

The stablecoin originally launched on a limited basis in September 2018. Put simply, USD Coin’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.

Several use cases have been unveiled for the USD Coin. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming.

Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

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USD Coin

USDC
btc

Dollar

USD
Bitcoin Price Today
Price $1.00
Price Change $0.00
icon-up0.00%
24h Low / 24h High $1.00 /
$1.00
Trading Volume $1,955,270,438.51
Volume / Market Cap 0.07179
Market Cap $27,237,315,304.91

What Is USD Coin (USDC)?

USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.

The stablecoin originally launched on a limited basis in September 2018. Put simply, USD Coin’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.

Several use cases have been unveiled for the USD Coin. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming.

Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

Market

Coinbase market 9.8
Best For

Best for Buying Cryptocurrencies With Your Fiat Money

Operating Countries

US, EU, AS, AF, Australia

Verdict

A Reliable, Well-Know And Respected Cryptocurrency Exchange Platform.

Binance market 9.8
Best For

Best For Beginners Or Advanced Users

Operating Countries

US, EU, AS, AF

Verdict

One Of The Leading Crypto Exchange Platforms In The Industry

Coinmama market 9.8
Best For

Best for Firt-Time Buyers

Operating Countries

US, EU

Verdict

Good Cryptocurrency Broker Exchange