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    Cryptocurrencies USD Coin
    USD
    $0.99904 $ 0.99904
    +¥5204,24 0.1% 1D
    1D 1M 1Y ALL
    LOADING DATA
    Market Cap (USD)
    47.28B
    24H Volume
    3.19B
    Circulating Supply
    47.24B USDC
    Max Supply
    --
    All Time High
    1.17
    Rank
    5

    About USD Coin (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 News

    News
    Announcements
    Circle Product VP: USDC chain expansion  part of 'multichain' vision

    Circle Product VP: USDC chain expansion part of 'multichain' vision

    Speaking with Cointelegraph, Circle’s vice president of product Joao Reginatto emphasized that devs soon won’t care what blockchain they build on, as interoperability will be key.
    Source: cointelegraph Posted: 2022-09-29
    Circle Product VP: USDC chain expansion part of ‘multichain’ vision

    Circle Product VP: USDC chain expansion part of ‘multichain’ vision

    Speaking with Cointelegraph, Circle’s vice president of product Joao Reginatto emphasized that devs soon won’t care what blockchain they build on, as interoperability will be key.
    Source: cointelegraph Posted: 2022-09-29
    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
    Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin

    Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin

    Collateralized USDC will assume the role formerly held by Terra’s algorithmic UST stablecoin – raising further questions as to whether decentralized finance can mature with algorithmic money at its core.
    Source: coindesk Posted: 2022-09-28
    Stablecoin Markets Shift as Binance Begins USDC Conversions

    Stablecoin Markets Shift as Binance Begins USDC Conversions

    Binance will no longer support competing stablecoins, including USDC, on its exchange. USDC’s market cap is down 5% since the announcement.
    Source: decrypt Posted: 2022-09-28
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