17

Rank

USD Coin, USDC

$0.998642 ( -0.02% )

Market Cap

$2 786 367 392

24 Hour Volume

$360 077 433

Available Supply

2 790 157 722

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
117 020 920 USD
31.69 %
2.
BTC/USDC
46 583 211 USD
12.62 %
3.
USDC/USDT
44 132 819 USD
11.95 %
4.
USDC/USDT
31 760 740 USD
8.60 %
5.
BTC/USDC
12 437 242 USD
3.37 %
6.
BTC/USDC
12 418 421 USD
3.36 %
7.
BTC/USDC
11 309 790 USD
3.06 %
8.
BTC/USDC
9 697 226 USD
2.63 %
9.
ETH/USDC
9 210 306 USD
2.49 %
10.

MXC MXC

USDC/USDT
8 674 059 USD
2.35 %
11.
BTC/USDC
6 458 411 USD
1.75 %
12.
USDC/TRY
5 982 515 USD
1.62 %
13.
USDC/XRP
4 492 476 USD
1.22 %
14.
BTC/USDC
4 024 232 USD
1.09 %
15.
BTC/USDC
3 923 745 USD
1.06 %
16.
USDC/BTC
3 880 334 USD
1.05 %
17.
USDC/USDT
3 508 817 USD
0.95 %
18.
ETH/USDC
3 452 672 USD
0.94 %
19.
BTC/USDC
2 365 460 USD
0.64 %
20.
USDC/USD
1 846 780 USD
0.50 %
21.
USDC/ETH
1 497 870 USD
0.41 %
22.
USDC/USDT
1 466 534 USD
0.40 %
23.
LTC/USDC
1 306 067 USD
0.35 %
24.
XRP/USDC
1 295 934 USD
0.35 %
25.
BTC/USDC
957 538 USD
0.26 %
26.
ZEC/USDC
954 224 USD
0.26 %
27.
USDC/USDT
951 345 USD
0.26 %
28.
LINK/USDC
946 782 USD
0.26 %
29.
BAT/USDC
799 381 USD
0.22 %
30.
USDC/USDT
784 171 USD
0.21 %
31.
TRX/USDC
766 785 USD
0.21 %
32.
USDC/USDT
676 968 USD
0.18 %
33.
BTC/USDC
618 749 USD
0.17 %
34.
USDC/EUR
604 831 USD
0.16 %
35.
USDC/USDT
560 944 USD
0.15 %
36.
USDC/USDT
519 581 USD
0.14 %
37.
USDC/USDT
511 752 USD
0.14 %
38.
ETH/USDC
492 430 USD
0.13 %
39.
ETH/USDC
471 463 USD
0.13 %
40.
BTC/USDC
461 401 USD
0.12 %
41.
BTC/USDC
457 609 USD
0.12 %
42.
BCH/USDC
453 475 USD
0.12 %
43.
USDC/BTC
420 014 USD
0.11 %
44.
EOS/USDC
409 670 USD
0.11 %
45.
USDC/USDT
387 882 USD
0.11 %
46.
BCH/USDC
379 558 USD
0.10 %
47.
USDC/USDT
349 428 USD
0.09 %
48.
BSV/USDC
318 250 USD
0.09 %
49.
BNB/USDC
301 680 USD
0.08 %
50.
CEL/USDC
299 182 USD
0.08 %
51.
ETH/USDC
284 714 USD
0.08 %
52.
USDC/USDT
271 213 USD
0.07 %
53.
USDC/USDT
256 477 USD
0.07 %
54.
DAI/USDC
236 958 USD
0.06 %
55.
LTC/USDC
229 700 USD
0.06 %
56.
ETH/USDC
228 890 USD
0.06 %
57.
DAI/USDC
212 917 USD
0.06 %
58.
USDC/USDT
208 531 USD
0.06 %
59.
USDC/HUSD
206 966 USD
0.06 %
60.
ETH/USDC
196 483 USD
0.05 %
61.
BSV/USDC
193 772 USD
0.05 %
62.
USDT/USDC
169 447 USD
0.05 %
63.
BTC/USDC
157 961 USD
0.04 %
64.
USDC/USDT
116 083 USD
0.03 %
65.
ETH/USDC
114 502 USD
0.03 %
66.
ETC/USDC
108 447 USD
0.03 %
67.
XLM/USDC
105 236 USD
0.03 %
68.
USDT/USDC
96 592 USD
0.03 %
69.
USDC/USDT
96 374 USD
0.03 %
70.
OKB/USDC
93 010 USD
0.03 %
71.
ADA/USDC
92 886 USD
0.03 %
72.
XRP/USDC
91 852 USD
0.02 %
73.
XRP/USDC
82 198 USD
0.02 %
74.
DNT/USDC
79 428 USD
0.02 %
75.
BCH/USDC
78 879 USD
0.02 %
76.
LTC/USDC
78 351 USD
0.02 %
77.
USDC/BTC
77 735 USD
0.02 %
78.
USDC/ETH
77 592 USD
0.02 %
79.
USDC/USD
71 647 USD
0.02 %
80.
ZEC/USDC
69 226 USD
0.02 %
81.
ETH/USDC
64 596 USD
0.02 %
82.
BTT/USDC
60 705 USD
0.02 %
83.
USDC/USDT
58 130 USD
0.02 %
84.
USDC/UQC
51 751 USD
0.01 %
85.
USDC/USD
50 627 USD
0.01 %
86.
USDC/BTC
48 963 USD
0.01 %
87.
NEO/USDC
42 951 USD
0.01 %
88.
USDC/USDT
42 532 USD
0.01 %
89.

ZB ZB

USDC/QC
41 882 USD
0.01 %
90.
ONE/USDC
39 807 USD
0.01 %
91.
WIN/USDC
39 167 USD
0.01 %
92.

ZB ZB

USDC/USDT
36 768 USD
0.01 %
93.
CVC/USDC
33 899 USD
0.01 %
94.
CET/USDC
33 542 USD
0.01 %
95.
EOS/USDC
32 433 USD
0.01 %
96.
EOS/USDC
31 588 USD
0.01 %
97.
LOOM/USDC
28 922 USD
0.01 %
98.
GNT/USDC
27 690 USD
0.01 %
99.
XRP/USDC
27 174 USD
0.01 %
100.
USDC/KRW
26 724 USD
0.01 %
101.
MANA/USDC
26 269 USD
0.01 %
102.
BTC/USDC
26 089 USD
0.01 %
103.
USDC/USDF
25 015 USD
0.01 %
104.
USDC/USD
22 504 USD
0.01 %
105.
DASH/USDC
22 166 USD
0.01 %
106.
ZEC/USDC
20 816 USD
0.01 %
107.
USDC/USDT
20 736 USD
0.01 %
108.
USDC/USD
19 933 USD
0.01 %
109.
LTC/USDC
19 410 USD
0.01 %
110.
USDC/USDT
19 296 USD
0.01 %
111.
USDC/ETH
18 725 USD
0.01 %
112.
TRX/USDC
18 630 USD
0.01 %
113.
USDC/USDT
16 393 USD
0.00 %
114.
USDC/BTC
15 985 USD
0.00 %
115.
BTC/USDC
13 183 USD
0.00 %
116.
TUSD/USDC
12 940 USD
0.00 %
117.
DOGE/USDC
12 230 USD
0.00 %
118.
TRX/USDC
11 691 USD
0.00 %
119.
ATOM/USDC
11 612 USD
0.00 %
120.
BAT/USDC
11 095 USD
0.00 %
121.
BSV/USDC
8 942 USD
0.00 %
122.
ATOM/USDC
7 751 USD
0.00 %
123.
ZEC/USDC
7 699 USD
0.00 %
124.
XMR/USDC
5 728 USD
0.00 %
125.
USDC/USDT
5 495 USD
0.00 %
126.
ETH/USDC
5 243 USD
0.00 %
127.
ETH/USDC
4 858 USD
0.00 %
128.
BCH/USDC
4 333 USD
0.00 %
129.
USDC/USDT
3 788 USD
0.00 %
130.
XLM/USDC
2 848 USD
0.00 %
131.
EOS/USDC
2 752 USD
0.00 %
132.
USDC/UAH
2 230 USD
0.00 %
133.
USDC/ETH
2 120 USD
0.00 %
134.
USDC/ETH
1 251 USD
0.00 %
135.
BAT/USDC
1 086 USD
0.00 %
136.
ETC/USDC
631 USD
0.00 %
137.
BCH/USDC
579 USD
0.00 %
138.
BTC/USDC
300 USD
0.00 %
139.
DOGE/USDC
265 USD
0.00 %
140.
BGBP/USDC
125 USD
0.00 %
141.
XRP/USDC
109 USD
0.00 %
142.
DAI/USDC
107 USD
0.00 %
143.
LCX/USDC
101 USD
0.00 %
144.
GRIN/USDC
36 USD
0.00 %
145.
LCX/USDC
22 USD
0.00 %
146.
USDX/USDC
2 USD
0.00 %
147.
BTB/USDC
1 USD
0.00 %
148.
OTO/USDC
0 USD
0.00 %
149.
LHT/USDC
0 USD
0.00 %
150.
CLOAK/USDC
0 USD
0.00 %
151.
ANY/USDC
0.0 USD
0.0 %
152.
ETH/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 storing 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 the extremes of the token. 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
Issued tokens in turnover 127,408,827 USDC
Fiat dollars in custody accounts 127,412,240.89 USD
The 20th audit (May 2020) Amount
Issued tokens in turnover 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.