18

Rank

USD Coin, USDC

$0.999614 ( 0.27% )

Market Cap

$11 302 585 867

24 Hour Volume

$1 493 271 143

Available Supply

11 306 949 960

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.
BTC/USDC
200 883 381 USD
13.45 %
2.
USDC/USDT
192 061 031 USD
12.86 %
3.
BTC/USDC
159 702 168 USD
10.69 %
4.
ETH/USDC
116 607 303 USD
7.81 %
5.
BTC/USDC
82 566 150 USD
5.53 %
6.
BTC/USDC
72 788 754 USD
4.87 %
7.
BTC/USDC
72 655 058 USD
4.86 %
8.
ETH/USDC
65 378 943 USD
4.38 %
9.
USDC/BUSD
62 820 539 USD
4.21 %
10.
BTC/USDC
62 748 831 USD
4.20 %
11.
USDC/USD
44 983 655 USD
3.01 %
12.
USDC/USDT
25 709 362 USD
1.72 %
13.
MANA/USDC
23 447 803 USD
1.57 %
14.
BTC/USDC
18 967 178 USD
1.27 %
15.
ETH/USDC
14 874 628 USD
1.00 %
16.
ETH/USDC
14 200 874 USD
0.95 %
17.
ETH/USDC
14 184 431 USD
0.95 %
18.
DNT/USDC
13 650 183 USD
0.91 %
19.
BNB/USDC
13 623 015 USD
0.91 %
20.
USDC/EUR
12 280 752 USD
0.82 %
21.
USDC/USDT
10 843 744 USD
0.73 %
22.
XRP/USDC
10 541 599 USD
0.71 %
23.
ETH/USDC
9 927 938 USD
0.66 %
24.
ETH/USDC
8 853 630 USD
0.59 %
25.
USDC/USDT
8 706 684 USD
0.58 %
26.
BAT/USDC
8 584 629 USD
0.57 %
27.
BTC/USDC
8 307 327 USD
0.56 %
28.
CVC/USDC
7 667 355 USD
0.51 %
29.
USDT/USDC
7 406 613 USD
0.50 %
30.
BTC/USDC
6 634 809 USD
0.44 %
31.
BTC/USDC
6 324 519 USD
0.42 %
32.
USDC/UST
5 748 400 USD
0.38 %
33.
USDC/USDT
5 579 611 USD
0.37 %
34.
BTC/USDC
5 468 755 USD
0.37 %
35.
TRX/USDC
5 354 609 USD
0.36 %
36.
LTC/USDC
5 168 612 USD
0.35 %
37.
ADA/USDC
4 631 999 USD
0.31 %
38.
LINK/USDC
4 010 071 USD
0.27 %
39.
USDC/USDT
3 846 524 USD
0.26 %
40.
BTC/USDC
3 831 005 USD
0.26 %
41.
ETH/USDC
3 589 505 USD
0.24 %
42.
USDC/USDT
3 266 786 USD
0.22 %
43.
DOGE/USDC
3 100 924 USD
0.21 %
44.
USDC/USDT
2 670 580 USD
0.18 %
45.
ETH/USDC
2 645 238 USD
0.18 %
46.
USDC/USDT
2 471 018 USD
0.17 %
47.
LOOM/USDC
2 094 627 USD
0.14 %
48.
CRO/USDC
1 968 308 USD
0.13 %
49.
BTC/USDC
1 922 231 USD
0.13 %
50.
BTC/USDC
1 820 778 USD
0.12 %
51.
EOS/USDC
1 772 041 USD
0.12 %
52.
USDC/USDT
1 697 656 USD
0.11 %
53.
USDC/TRY
1 571 321 USD
0.11 %
54.
XRP/USDC
1 529 805 USD
0.10 %
55.
BTC/USDC
1 525 607 USD
0.10 %
56.
MFI/USDC
1 488 638 USD
0.10 %
57.
USDC/BTC
1 475 986 USD
0.10 %
58.
BCH/USDC
1 429 262 USD
0.10 %
59.
USDC/USDT
1 223 868 USD
0.08 %
60.
ETH/USDC
1 110 489 USD
0.07 %
61.
OCTO/USDC
1 102 007 USD
0.07 %
62.
OCC/USDC
1 101 112 USD
0.07 %
63.
USDC/USDT
1 069 969 USD
0.07 %
64.
DAI/USDC
1 043 007 USD
0.07 %
65.
USDC/USD
1 027 308 USD
0.07 %
66.
ZEC/USDC
992 376 USD
0.07 %
67.
USDC/USDT
956 957 USD
0.06 %
68.
USDC/HUSD
934 795 USD
0.06 %
69.
BTC/USDC
934 487 USD
0.06 %
70.
BTC/USDC
880 464 USD
0.06 %
71.
ETH/USDC
843 771 USD
0.06 %
72.
ETH/USDC
836 001 USD
0.06 %
73.
USDC/BTC
739 314 USD
0.05 %
74.
NEO/USDC
714 235 USD
0.05 %
75.
USDC/AUD
652 509 USD
0.04 %
76.
USDC/USDT
637 269 USD
0.04 %
77.
XRP/USDC
604 471 USD
0.04 %
78.
PROS/USDC
589 015 USD
0.04 %
79.
ETH/USDC
582 194 USD
0.04 %
80.
LTC/USDC
564 645 USD
0.04 %
81.
DPR/USDC
552 363 USD
0.04 %
82.
USDC/GBP
549 893 USD
0.04 %
83.
USDC/USD
531 117 USD
0.04 %
84.
ADA/USDC
527 764 USD
0.04 %
85.
USDT/USDC
522 211 USD
0.03 %
86.
BCH/USDC
492 499 USD
0.03 %
87.
LTC/USDC
452 392 USD
0.03 %
88.
XRP/USDC
439 886 USD
0.03 %
89.
USDC/USDT
439 848 USD
0.03 %
90.
ATOM/USDC
438 669 USD
0.03 %
91.
BTT/USDC
434 839 USD
0.03 %
92.
INSUR/USDC
431 061 USD
0.03 %
93.
BCH/USDC
418 521 USD
0.03 %
94.

MXC MXC

USDC/USDT
406 422 USD
0.03 %
95.
USDC/USDT
401 869 USD
0.03 %
96.
USDC/USDT
400 360 USD
0.03 %
97.
USDC/USDT
377 068 USD
0.03 %
98.
USDC/ETH
366 434 USD
0.02 %
99.
USDC/BTC
340 427 USD
0.02 %
100.
WIN/USDC
335 687 USD
0.02 %
101.
ETH/USDC
323 500 USD
0.02 %
102.
LINK/USDC
309 535 USD
0.02 %
103.
USDC/USDT
289 473 USD
0.02 %
104.
A5T/USDC
285 350 USD
0.02 %
105.
DOGE/USDC
275 724 USD
0.02 %
106.

MXC MXC

RAY/USDC
274 246 USD
0.02 %
107.
EXRD/USDC
249 544 USD
0.02 %
108.
FL/USDC
247 308 USD
0.02 %
109.
BAT/USDC
234 682 USD
0.02 %
110.
CEL/USDC
216 132 USD
0.01 %
111.
FRAX/USDC
182 796 USD
0.01 %
112.
POND/USDC
169 659 USD
0.01 %
113.
OKB/USDC
167 936 USD
0.01 %
114.
BSV/USDC
163 212 USD
0.01 %
115.
TRX/USDC
149 808 USD
0.01 %
116.
XRP/USDC
145 078 USD
0.01 %
117.
DDX/USDC
142 185 USD
0.01 %
118.
USDC/USDT
140 289 USD
0.01 %
119.

MXC MXC

USDC/UST
131 638 USD
0.01 %
120.
ZEC/USDC
129 290 USD
0.01 %
121.
EOS/USDC
122 377 USD
0.01 %
122.
USDC/XRP
121 701 USD
0.01 %
123.
BCH/USDC
120 779 USD
0.01 %
124.
LTC/USDC
103 405 USD
0.01 %
125.
EOS/USDC
83 561 USD
0.01 %
126.
ZEC/USDC
78 418 USD
0.01 %
127.
LTC/USDC
67 850 USD
0.00 %
128.
USDC/USDT
62 527 USD
0.00 %
129.
DAI/USDC
60 818 USD
0.00 %
130.
ETC/USDC
57 255 USD
0.00 %
131.
USDC/USD
51 924 USD
0.00 %
132.
BOND/USDC
50 871 USD
0.00 %
133.
USDC/UQC
50 566 USD
0.00 %
134.
USDC/THB
47 293 USD
0.00 %
135.
EOS/USDC
45 226 USD
0.00 %
136.
ETC/USDC
41 911 USD
0.00 %
137.
ETH/USDC
41 322 USD
0.00 %
138.
USDC/USDT
37 667 USD
0.00 %
139.

AAX AAX

USDC/USDT
35 524 USD
0.00 %
140.
BTC/USDC
35 202 USD
0.00 %
141.
XRP/USDC
30 716 USD
0.00 %
142.
USDC/USDT
29 317 USD
0.00 %
143.
BCH/USDC
28 225 USD
0.00 %
144.
ZEC/USDC
27 759 USD
0.00 %
145.
USDC/KRW
27 527 USD
0.00 %
146.
USDC/USD
25 669 USD
0.00 %
147.
USDC/USDT
21 148 USD
0.00 %
148.
ESD/USDC
20 084 USD
0.00 %
149.
XCF/USDC
19 785 USD
0.00 %
150.
ATOM/USDC
19 501 USD
0.00 %
151.
BTC/USDC
19 089 USD
0.00 %
152.
USDC/USDT
17 788 USD
0.00 %
153.
CET/USDC
17 400 USD
0.00 %
154.
USDC/BTC
13 221 USD
0.00 %
155.
USDC/ETH
12 993 USD
0.00 %
156.
TRX/USDC
11 306 USD
0.00 %
157.
BSV/USDC
11 097 USD
0.00 %
158.
USDC/USDT
10 646 USD
0.00 %
159.
USDC/USDT
9 147 USD
0.00 %
160.
XMR/USDC
8 445 USD
0.00 %
161.
DASH/USDC
7 140 USD
0.00 %
162.
BTC/USDC
7 124 USD
0.00 %
163.
USDC/USDF
6 694 USD
0.00 %
164.
USDC/EUR
5 796 USD
0.00 %
165.
USDC/UAH
3 657 USD
0.00 %
166.
TUSD/USDC
2 159 USD
0.00 %
167.
LCX/USDC
1 847 USD
0.00 %
168.
BTC/USDC
1 738 USD
0.00 %
169.
BAT/USDC
1 572 USD
0.00 %
170.
USDC/ETH
1 181 USD
0.00 %
171.
BTC/USDC
590 USD
0.00 %
172.
DAI/USDC
343 USD
0.00 %
173.
USDC/USD
96 USD
0.00 %
174.
USDT/USDC
49 USD
0.00 %
175.
USDX/USDC
9 USD
0.00 %
176.
OTO/USDC
3 USD
0.00 %
177.
WGR/USDC
0 USD
0.00 %
178.
LHT/USDC
0 USD
0.00 %
179.
CLOAK/USDC
0 USD
0.00 %
180.
BTC/USDC
0.0 USD
0.0 %
181.
ETH/USDC
0.0 USD
0.0 %
182.
BCC/USDC
0.0 USD
0.0 %
183.
BCH/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.