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    Cryptocurrencies USD Coin Avalanche Bridged (USDC.e)
    USD
    $0.998473 $ 0.998473
    +¥5204,24 -0.3% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    --
    24H Volume
    1.9M
    Circulating Supply
    --
    Max Supply
    1.47B USDC
    All Time High
    1.06
    Rank
    --

    About

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    • About USD Coin Avalanche Bridged (USDC.e) (USDC)

      USD coin (USDC) is a digital currency that is pegged with the price of the dollar. Like USDT, it is a stablecoin in the digital currency. It was jointly created by the financial technology company Circle and the digital currency exchange Coinbase and was launched in 2018.

      Circle and Coinbase, the issuers of USDC, are licensed and regulated by the US government. In terms of collateral, USDC uses cash and short-term US debt as collateral, and is backed in a 1:1 ratio by the US dollar.

      USDC was originally an ERC-20 token based on the Ethereum blockchain, and later gradually expanded to other blockchains (Algorand, Solana, Stellar, TRON, etc.).


      How does USD Coin (USDC) Work?

      USDC is issued by CENTER (a joint venture of Coinbase and Circle). Each USDC issued has corresponding equivalent assets (US dollars or short-term US bonds) as supporting reserves.

      The following is the process of issuing and burning USDC:

      Issuing USDC:
      The customer remits US dollars to the bank account of the USDC issuer, and the issuer's USDC smart contract will create an equivalent USDC and deliver it to the customer.

      Burning USDC:
      The customer sends a request to the USDC issuer to convert the USDC into US dollars, and the issuer sends a request to the USDC smart contract to exchange US dollars, obtains the corresponding value of US dollars in the reserve, remits it to the customer's bank account, and burns the corresponding value of USDC in circulation.


      What is USD Coin (USDC) ?

      USDC is the second largest stablecoin with market value second only to USDT. Since it is pegged with the fiat currency, investors can use USDC and other cryptocurrencies as a combination to hedge against market price fluctuations, so as to avoid excessive losses in the event of market volatility.

      Compared with other stablecoins, the most special feature of USDC is that its issuer is a compliant licensed enterprise regulated by the US government.


      USD Coin (USDC) Crypto Wallet

      In addition to placing USDC in the Gate.io exchange to facilitate trading, USDC can also be placed in the crypto wallet.

      There are many choices of USDC crypto wallets. You can choose your own cold wallet or hot wallet based on your needs.
      Expand

    USD Coin Avalanche Bridged (USDC.e) FAQs

    • 1. Why should I buy a stablecoin such as USD Coin Avalanche Bridged (USDC.e)?
      Primarily, a stablecoin such as USD Coin Avalanche Bridged (USDC.e) acts as a medium of exchange in the crypto community, allowing users in the community to buy and sell cryptocurrencies of his/her choice at any given time. Other than that, stablecoins such as USD Coin Avalanche Bridged (USDC.e) offer a financial hedge for people from high inflation economies with a more stable currency in the form of crypto.
    • 2. Should I buy USD Coin Avalanche Bridged (USDC.e) now?
      It is important to remember that even a stablecoin like USD Coin Avalanche Bridged (USDC.e) can be subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, it is important to manage your own financial portfolio and risk level. Users are advised to do your own research when making investment decisions in the crypto market.
    • 3. How can the value of stablecoins such as USD Coin Avalanche Bridged (USDC.e) be maintained?
      There are three types of stablecoins in the market: fiat-backed, crypto-collateralized and algorithmic.

      Fiat backed stablecoins are maintained by cash reserves of a fiat currency such as USD or EUR, whereas crypto collateralized stablecoins are pegged to holdings of other cryptocurrencies such as BTC or ETH, instead of fiat currencies.

      The most controversial of all would be algorithmic stablecoins, which are built on a blockchain and rely on a supply-and-demand algorithm to maintain the 1:1 price peg. As the demand increases to drive the price up, the protocol issues more supply to drop the price back to its pegged $1.00 price, and vice versa.

    USD Coin Avalanche Bridged (USDC.e) News

    News
    Announcements
    Needham's John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase

    Needham's John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase

    John Todaro, vice president at investment and asset management firm Needham & Co., discusses whether USDC could become the “de facto” CBDC for the U.S. and why crypto exchange Coinbase could operate like a bank if it were to “mint” more of the stablecoin.
    Source: coindesk Posted: 2022-11-04
    Singapore Tests Institutional DeFi on Ethereum, Welcomes USDC Issuer

    Singapore Tests Institutional DeFi on Ethereum, Welcomes USDC Issuer

    "That’s a huge signal, a super huge signal from a central bank," said one official.
    Source: decrypt Posted: 2022-11-02
    HipoPerp Test Token USDC Application Guide

    HipoPerp Test Token USDC Application Guide

    1.Enter Hipo.com: https://www.hipo.com/ . You can also enter Hipo.com from the GateChain official website. 2. Connect your wallet. 3.Enter HipoPerp and switch the network to the GateChain testnet Meteora. 4.In order to initiate deposit and withdrawal transactions...
    Source: Gate.blog Posted: 2022-10-26
    Circle’s USDC Stablecoin Has Lost All Its Post-Terra Gains

    Circle’s USDC Stablecoin Has Lost All Its Post-Terra Gains

    USDC has lost 12% from its market cap since Binance announced last month that it would auto-convert exchange balances to its own BUSD stablecoin.
    Source: decrypt Posted: 2022-10-10
    Circle Expands USDC Stablecoin Support to Five New Blockchains

    Circle Expands USDC Stablecoin Support to Five New Blockchains

    The company also announced a Cross-Chain Transfer Protocol to streamline the movement of USDC across networks.
    Source: decrypt Posted: 2022-09-28
    Circle Expands USDC Stablecoin to Five New Chains, Unveils Cross-Chain Transfer Protocol

    Circle Expands USDC Stablecoin to Five New Chains, Unveils Cross-Chain Transfer Protocol

    Circle aims to bolster USDC’s market position as competition with rival issuers Tether, Binance is heating up and decentralized finance platforms are crafting their own native stablecoins.
    Source: coindesk Posted: 2022-09-28
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