23

Rank

USD Coin, USDC

$1.00 ( 0.00% )

Market Cap

$29 437 919 450

24 Hour Volume

$481 841 782

Available Supply

29 435 964 786

USD Coin / US Dollar Chart, USDC/USD ()


Open price: 0.0
High price: 0.0
Average price: 0.0
Close price: 0.0
Low price: 0.0
Change: 0.0%

#
Exchange
Pair
Volume
Volume (%)
1.
USDC/USDT
110 362 214 USD
23.01 %
2.
BTC/USDC
48 252 679 USD
10.06 %
3.
BTC/USDC
36 101 876 USD
7.53 %
4.
USDC/BUSD
31 199 289 USD
6.50 %
5.
ETH/USDC
26 690 949 USD
5.56 %
6.
BTC/USDC
25 397 347 USD
5.29 %
7.
BTC/USDC
25 396 388 USD
5.29 %
8.
ETH/USDC
23 831 126 USD
4.97 %
9.
BTC/USDC
21 119 103 USD
4.40 %
10.
ADA/USDC
13 188 640 USD
2.75 %
11.
USDC/USD
9 805 294 USD
2.04 %
12.
USDC/USDT
5 224 545 USD
1.09 %
13.
BTC/USDC
4 868 418 USD
1.01 %
14.
USDT/USDC
4 648 007 USD
0.97 %
15.
USDC/USDT
4 021 637 USD
0.84 %
16.
ETH/USDC
3 911 860 USD
0.82 %
17.
ETH/USDC
3 600 610 USD
0.75 %
18.
USDC/HUSD
3 556 800 USD
0.74 %
19.
USDC/USDT
3 531 010 USD
0.74 %
20.
BNB/USDC
3 356 338 USD
0.70 %
21.
USDC/USDT
3 208 010 USD
0.67 %
22.
BTC/USDC
3 199 504 USD
0.67 %
23.
ETH/USDC
3 158 841 USD
0.66 %
24.
ETH/USDC
3 158 476 USD
0.66 %
25.
USDC/USDT
3 116 567 USD
0.65 %
26.
ATOM/USDC
3 091 490 USD
0.64 %
27.
BTC/USDC
3 005 086 USD
0.63 %
28.
BTC/USDC
2 997 664 USD
0.62 %
29.
XRP/USDC
2 779 469 USD
0.58 %
30.
USDC/USDT
2 693 824 USD
0.56 %
31.
USDC/EUR
2 483 963 USD
0.52 %
32.
TRX/USDC
2 471 182 USD
0.52 %
33.
LINK/USDC
2 155 634 USD
0.45 %
34.
CVC/USDC
1 983 306 USD
0.41 %
35.
BAT/USDC
1 933 598 USD
0.40 %
36.
ETH/USDC
1 886 553 USD
0.39 %
37.
ETH/USDC
1 547 082 USD
0.32 %
38.
ETH/USDC
1 408 623 USD
0.29 %
39.
MANA/USDC
1 395 587 USD
0.29 %
40.
USDC/UST
1 392 140 USD
0.29 %
41.
BTC/USDC
1 378 050 USD
0.29 %
42.
LTC/USDC
1 347 210 USD
0.28 %
43.
XRP/USDC
1 346 812 USD
0.28 %
44.
USDC/GBP
1 208 596 USD
0.25 %
45.
EOS/USDC
1 114 300 USD
0.23 %
46.
ADA/USDC
1 105 683 USD
0.23 %
47.
BCH/USDC
1 095 218 USD
0.23 %
48.
ETH/USDC
974 775 USD
0.20 %
49.
USDC/USDT
890 856 USD
0.19 %
50.
USDC/USDT
810 630 USD
0.17 %
51.
USDC/USDT
805 690 USD
0.17 %
52.
DNT/USDC
775 554 USD
0.16 %
53.
USDC/BTC
736 642 USD
0.15 %
54.
BTC/USDC
686 146 USD
0.14 %
55.
USDC/USDT
629 992 USD
0.13 %
56.
USDT/USDC
547 659 USD
0.11 %
57.
USDC/USDT
539 135 USD
0.11 %
58.
ETH/USDC
455 353 USD
0.09 %
59.
LOOM/USDC
435 139 USD
0.09 %
60.
USDC/USDT
427 461 USD
0.09 %
61.
BTC/USDC
399 860 USD
0.08 %
62.
USDC/USDT
397 570 USD
0.08 %
63.
USDC/USDT
379 557 USD
0.08 %
64.
BTC/USDC
257 565 USD
0.05 %
65.
USDC/BTC
229 808 USD
0.05 %
66.
DAI/USDC
203 296 USD
0.04 %
67.
CRO/USDC
195 592 USD
0.04 %
68.
BTT/USDC
177 124 USD
0.04 %
69.
ETH/USDC
169 409 USD
0.04 %
70.
USDC/USDT
161 469 USD
0.03 %
71.
USDC/USD
152 263 USD
0.03 %
72.
LTC/USDC
150 443 USD
0.03 %
73.
USDC/ETH
143 113 USD
0.03 %
74.
USDC/TRY
126 501 USD
0.03 %
75.
BTC/USDC
122 875 USD
0.03 %
76.
USDC/USDT
118 878 USD
0.02 %
77.
ZEC/USDC
117 880 USD
0.02 %
78.
USDC/USD
93 190 USD
0.02 %
79.
EOS/USDC
86 457 USD
0.02 %
80.
XRP/USDC
76 006 USD
0.02 %
81.
BCH/USDC
72 973 USD
0.02 %
82.
BCH/USDC
69 800 USD
0.01 %
83.
XRP/USDC
68 386 USD
0.01 %
84.
NEO/USDC
68 331 USD
0.01 %
85.
DAI/USDC
63 406 USD
0.01 %
86.
TRX/USDC
63 062 USD
0.01 %
87.
EOS/USDC
62 601 USD
0.01 %
88.
ZEC/USDC
61 151 USD
0.01 %
89.
USDC/UQC
60 031 USD
0.01 %
90.
LINK/USDC
56 647 USD
0.01 %
91.
TRX/USDC
52 657 USD
0.01 %
92.
LTC/USDC
50 755 USD
0.01 %
93.
USDC/USDT
50 084 USD
0.01 %
94.
ATOM/USDC
48 870 USD
0.01 %
95.
USDC/THB
47 669 USD
0.01 %
96.
WIN/USDC
45 570 USD
0.01 %
97.
USDC/BTC
43 153 USD
0.01 %
98.
ZEC/USDC
42 454 USD
0.01 %
99.

AAX AAX

USDC/USDT
41 499 USD
0.01 %
100.
LCX/USDC
34 107 USD
0.01 %
101.
USDC/USDT
32 113 USD
0.01 %
102.
BCH/USDC
30 700 USD
0.01 %
103.
LTC/USDC
28 637 USD
0.01 %
104.
LTC/USDC
28 190 USD
0.01 %
105.
USDC/USD
22 154 USD
0.00 %
106.
BCH/USDC
20 104 USD
0.00 %
107.
USDC/USDT
19 888 USD
0.00 %
108.
USDC/ETH
19 085 USD
0.00 %
109.
USDC/USDT
19 031 USD
0.00 %
110.
DOGE/USDC
17 726 USD
0.00 %
111.
USDC/EUR
14 509 USD
0.00 %
112.
ETH/USDC
14 390 USD
0.00 %
113.
USDC/BTC
13 941 USD
0.00 %
114.
EOS/USDC
13 569 USD
0.00 %
115.
ETH/USDC
12 333 USD
0.00 %
116.
BTC/USDC
12 007 USD
0.00 %
117.
XRP/USDC
11 321 USD
0.00 %
118.
CET/USDC
10 438 USD
0.00 %
119.
CEL/USDC
8 813 USD
0.00 %
120.
BSV/USDC
8 796 USD
0.00 %
121.
USDC/USDT
7 456 USD
0.00 %
122.
ETC/USDC
7 110 USD
0.00 %
123.
BSV/USDC
6 901 USD
0.00 %
124.
USDC/USDF
6 403 USD
0.00 %
125.
USDC/USD
6 047 USD
0.00 %
126.
DOGE/USDC
5 560 USD
0.00 %
127.
USDC/AUD
3 614 USD
0.00 %
128.
BTC/USDC
3 221 USD
0.00 %
129.
OKB/USDC
3 120 USD
0.00 %
130.
XMR/USDC
1 743 USD
0.00 %
131.
DASH/USDC
1 663 USD
0.00 %
132.
USDC/USDT
1 450 USD
0.00 %
133.
USDC/ETH
1 432 USD
0.00 %
134.
OTO/USDC
1 116 USD
0.00 %
135.
BAT/USDC
924 USD
0.00 %
136.
USDC/UAH
750 USD
0.00 %
137.
ETC/USDC
405 USD
0.00 %
138.
ZEC/USDC
272 USD
0.00 %
139.
BTC/USDC
215 USD
0.00 %
140.
USDX/USDC
103 USD
0.00 %
141.
TUSD/USDC
88 USD
0.00 %
142.
USDC/USD
62 USD
0.00 %
143.
USDT/USDC
9 USD
0.00 %
144.
DAI/USDC
0 USD
0.00 %
145.
WGR/USDC
0 USD
0.00 %
146.
LHT/USDC
0 USD
0.00 %
147.
BTC/USDC
0.0 USD
0.0 %
148.
XCF/USDC
0.0 USD
0.0 %

About USD Coin


USD Coin is a crypto project of the CENTRE consortium designed to convert US dollars into a similar cryptocurrency. It offers retail and institutional customers stablecoin USDC with open source code. The project is entirely transparent and properly managed by licensed companies.

USD Coin solves two pressing issues: high volatility of cryptocurrencies and difficulties when converting them to fiat money. This stablecoin allows saving assets during crypto market turmoil. It is supported by 17 wallets. USDC is also accepted as a means of payment by 19 blockchain platforms and 21 applications, including dApps and DeFi.

Circle startup history

It all started with fintech startup Circle established by Jeremy Allaire and Sean Neville. In July 2013, they registered Circle Internet Financial Ltd in Dublin (Ireland), in August 2013 — Circle Internet Financial Inc in Boston (USA). Both companies were involved in peer-to-peer and mobile payments and worked with fiat money. The American company was registered with FinCEN as a Money Services Business from the start. Mr Allaire is a chairman and CEO of Circle. Mr Neville started as a president and a board member, but in December 2019 he left the first position.

In 2013–2018, Circle attracted $246 million during seven rounds of funding. Such investment allowed the startup to join the crypto sector where it:

  • got BitLicense from the New York State Department of Financial Services (in September 2015);
  • got an EMI licence from the UK Financial Conduct Authority (in April 2016);
  • acquired crypto exchange Poloniex (in February 2018);
  • acquired crowdfunding platform SeedInvest (in March 2019).

In May 2018, when Circle closed the fifth round (of the E series) with $110 million, the team announced the development of the stablecoin. Officially they issued USD Coin in September 2018. The first thing it did was replacing Tether used by Poloniex as an alternative to the dollar.

Centre consortium history

In October 2018, crypto exchange Coinbase Pro decided to participate in the promotion of the new project. It listed stablecoin for the first time. It did not list anything like USDC before. In addition, Coinbase and Circle arranged a joint consortium CENTRE. Its work includes the creation of a standard and rules for issuers of the stablecoin and for those who integrate its acceptance.

In November 2018, CENTRE attracted seed investment separately from the parent companies — $20 million from the Digital Finance Group.

In June 2019, Circle and Coinbase announced the expansion of the consortium. Now, any crypto and fintech companies can become members of CENTRE and issue USDC. To do that, they need to comply with the following criteria:

  1. To have a regulator’s licence to render financial services.
  2. To follow FATF recommendation and AML regulations.
  3. To comply with the technical and operational requirements of CENTRE.
  4. To get confirmation of custodial politics by CENTRE’s financial partners.
  5. To pass regular audits and provide reports on the status of reserves.

Nobody has been able to make the cut according to these criteria yet, so the consortium still has only two members — Circle and Coinbase.

USD Coin cryptocurrency aspects

USD Coin is issued not on its own blockchain (the project does not have one) but on the basis of Ethereum. Due to the fact that the issue of the cryptocurrency utilises smart contracts and the ERC-20 standard, technically it is not a ‘coin’ but a token with a stable price. A minimum fraction is 0.000001 USDC, which is way less than a cent.

In June 2020, Circle announced a partnership with Algorand Foundation. Soon, USDC will be concurrently issued on the basis of the Algorand blockchain. Usually, tokens created in different blockchains are not compatible with each other. As a solution, the Circle and Algorand teams developed a special bridge to convert USDC of different origins and exchange ALGO coins for USDC tokens — all these without involving intermediaries.

By the way, about intermediaries: since USD Coin was listed on first exchanges (Poloniex and Coinbase Pro), the others also started happily listing it. Now it is already traded on 50 crypto exchanges. However, it is not necessary to use trading platforms because you can buy or sell USD Coin for fiat directly through the consortium members:

  • To buy USDC, the client transfers USD to the issuer’s bank account. The issuer, in their turn, creates a smart contract with the same number of tokens and sends them to the client.
  • To sell USDC, the client makes a request for redemption and sends them to the issuer’s address. He transfers USD to the client’s bank account and burns the redeemed tokens through a smart contract so that the balance of the reserve and tokens in circulation converges.

For now, the direct exchange is available through Circle and does not charge fees for transactions, except for ether gas, the fiat equivalent of which is nevertheless deducted from US dollars sent to the client. Also, during the first operations through CENTER members, individuals must pass the KYC procedure. Issuers are forced to verify clients due to the requirements of the consortium and regulators.

The USDC rate is pegged to the US dollar. Circle and CENTER maintain parity so that one token is equivalent to one fiat dollar. However, due to market volatility, which is stronger than the capabilities of these companies, deviations sometimes occur.

On our USD Coin chart, you can observe all token’s extremes. For example, on 18 March 2020, USDC set a low of $0.9701. It also reached a high of $1.04 twice — on 26 November 2018 and 12 March 2020.

The backing of the USDC stablecoin

The USDC price is stable because all issued tokens are backed by reserves on the accounts of Circle Internet Financial Inc. The company really does store dollars one-to-one and does not use cunning tricks like throwing in other assets or accounts receivable into the reserve.

To prove the transparency, Circle monthly goes through audits, and their results (pdf documents) are published on centre.io and circle.com with slight delays. The first audit took place way back in October 2018, and since then, not a month went by without it.

The first audit (October 2018) Amount
Tokens issued into circulation 127,408,827 USDC
Fiat dollars in custody accounts 127,412,240.89 USD
The 20th audit (May 2020) Amount
Tokens issued into circulation 730,800,467 USDC
Fiat dollars in custody accounts 746,657,617 USD

 

The permanent auditor is the New York branch office of Grant Thornton LLP. The American representative office has been in business since 1924 and sits on the sixth position on the local market, so its respectability and authenticity of results do not raise flags.

The user’s USD wallet in personal account is a simulation wallet. Buying and selling coins in indices, gains or losses thereon are a virtual simulation. We are not able to conduct any transactions with real currency. *Partnership service Coin-cap.pro does not offer the service of buying or selling cryptocurrencies.