What is USDC?
USD Coin (USDC) is a fiat-collateralized stablecoin designed to combine the benefits of blockchain transactions with price stability. Each USDC token is issued as an ERC-20 token on the Ethereum blockchain and is fully backed 1:1 by USD reserves held in regulated financial institutions. These reserves undergo regular independent audits to ensure transparency.
Key Features of USDC:
- Price Stability: Pegged 1:1 to the US dollar, minimizing volatility.
- Transparency: Monthly attestations verify reserve holdings.
- Interoperability: Available on multiple blockchains including Ethereum, Solana, and Algorand.
- Regulatory Compliance: Issued by regulated financial entities.
USDC Market Data
Current USDC Price and Trading Volume
- Live Price: $1.00
- 24-Hour Trading Volume: $7.98B
Price Change:
- Last Hour: 0.00%
- Last 24 Hours: -0.00%
Market Capitalization and Supply
- Market Cap: $62.16B
- Circulating Supply: 62.15B USDC
- Max Supply: 62.16B USDC
Why USDC Matters in Crypto Markets
USDC ranks as the 7th largest cryptocurrency by market capitalization, reflecting its critical role in decentralized finance (DeFi), trading, and cross-border payments. Its stability makes it ideal for:
- Trading Pairs: Used as a base currency on exchanges.
- Smart Contracts: Ensures predictable value in blockchain agreements.
- Remittances: Low-cost international transfers without volatility.
👉 Discover how USDC powers global crypto liquidity
USDC Adoption and Ecosystem Growth
Major platforms integrating USDC include:
- Exchanges: Coinbase, Binance, Kraken
- DeFi Protocols: Aave, Compound, Uniswap
- Payment Solutions: Visa, PayPal (via third-party integrations)
Frequently Asked Questions (FAQ)
1. How is USDC different from other stablecoins like USDT?
USDC emphasizes regulatory compliance and transparent audits, while USDT (Tether) has faced scrutiny over reserve transparency. Both maintain a 1:1 USD peg but differ in governance.
2. Where can I buy USDC?
USDC is available on most major exchanges like Coinbase, Binance, and OKX. 👉 Buy USDC securely here
3. Is USDC safe to use?
Yes, USDC is considered safe due to its full collateralization and regular audits. However, always store it in reputable wallets.
4. Can USDC lose its peg?
While rare, stablecoins can depeg during extreme market conditions (e.g., USDC briefly dipped to $0.99 during the 2023 banking crisis but quickly recovered).
5. What blockchains support USDC?
Beyond Ethereum, USDC operates on Solana, Avalanche, Algorand, and others via bridged versions.
6. How do I redeem USDC for USD?
Most issuers (e.g., Circle) allow direct redemption through approved platforms, typically with a 1:1 fee-free withdrawal.
Data updates in real-time. Last verified: [Current Date].