1. Cryptocurrencies
  2. USD Coin Price
USD Coin logo

USD Coin

USDC

Rank #6
$ 1
+ 0.041%
24H Low$0.9984
24H High$1
24H Volume
4.2B
All-Time High(ATH)
$1.17
All-Time Low(ATL)
$0.8776
Market Cap
25.78B
Fully Diluted Valuation
25.78B
Market Cap/FDV
0.9999
Circulating Supply
25.78B USDC
Total Supply
25.78B USDC
Max Supply
Market Sentiment
--
* Data from 3rd parties

USD Coin (USDC) Price Trends

Time period
Change amount
% Change
1H
$ -0.0005136
-0.051%
24H
$ 0.0004075
0.041%
7D
$ 0.0001496
0.015%
14D
$ 0.0006462
0.065%
30D
$ 0.0007777
0.078%
1Y
$ -0.0005659
-0.057%

Live USD Coin (USDC) Price Update

USD Coin price today is $1 with a 24-hour trading volume of 4.2B, and as such USD Coin has a market cap of 25.78B, giving it a market dominance of 1.06%. The USD Coin price moved 0.04075% in the last 24 hours.

USD Coin reached its highest price on 2019-05-08 when it was trading at its all-time high of $1.17, while its lowest price was recorded on 2023-03-11 when it was trading at its all-time low of $0.8776. The current lowest price since the last cycle high was $0.8776, and the highest price since the last cycle low was $1.17. The social sentiment of USD Coin is currently Positive.

The current circulating supply of USD Coin is 25.78B USDC. In terms of market cap, USD Coin is currently ranked 6.

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.

FAQs

1. What determines the price movement of USD Coin?

There are two schools of thought in determining the price of USD Coin.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of USD Coin, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of USD Coin from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of USD Coin on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for USD Coin as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for USD Coin and the cryptocurrency market as a whole.

USD Coin (USDC) News

USD Coin (USDC) Announcements

Date
Market Cap
Volume
Open
Close
2024-02-29
$12.81B$28.7B$1N/A
2024-02-28
$7.97B$28.52B$1$1
2024-02-27
$7.04B$28.48B$0.9992$1
2024-02-26
$3.32B$28.18B$0.9998$0.9992
2024-02-25
$3.28B$28.12B$0.9993$0.9998
2024-02-24
$5.44B$28.15B$1$0.9993
2024-02-23
$7.62B$28.02B$1$1
2024-02-22
$7.37B$28.11B$1$1