0

Rank

USD Coin, USDC

$0.995137 ( -0.13% )

Market Cap

$5 036 540 845

24 Hour Volume

$568 206 673

Available Supply

5 061 154 640

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
94 458 454 USD
16.18 %
2.
USDC/USDT
89 793 920 USD
15.38 %
3.
USDC/USDT
42 585 919 USD
7.29 %
4.
ETH/USDC
33 766 400 USD
5.78 %
5.
BTC/USDC
33 754 726 USD
5.78 %
6.
BTC/USDC
33 084 313 USD
5.67 %
7.
USDC/USDT
31 531 917 USD
5.40 %
8.
BTC/USDC
30 073 369 USD
5.15 %
9.
ETH/USDC
23 807 092 USD
4.08 %
10.
BTC/USDC
21 997 956 USD
3.77 %
11.
BTC/USDC
13 158 378 USD
2.25 %
12.
LINK/USDC
11 126 661 USD
1.91 %
13.
USDC/XRP
9 602 626 USD
1.64 %
14.
BTC/USDC
8 580 884 USD
1.47 %
15.
ETH/USDC
8 008 548 USD
1.37 %
16.
DNT/USDC
7 488 581 USD
1.28 %
17.
USDC/USD
6 637 173 USD
1.14 %
18.
USDC/EUR
6 531 719 USD
1.12 %
19.
USDC/USDT
6 362 563 USD
1.09 %
20.
BAT/USDC
4 660 486 USD
0.80 %
21.
CVC/USDC
4 405 832 USD
0.75 %
22.
USDC/USD
3 978 300 USD
0.68 %
23.
USDC/BTC
3 672 670 USD
0.63 %
24.
BTC/USDC
3 659 395 USD
0.63 %
25.
BNB/USDC
2 815 001 USD
0.48 %
26.
ETH/USDC
2 753 891 USD
0.47 %
27.
ADA/USDC
2 466 057 USD
0.42 %
28.
BTC/USDC
2 437 600 USD
0.42 %
29.
MANA/USDC
2 344 530 USD
0.40 %
30.
USDC/USDT
2 318 913 USD
0.40 %
31.
LTC/USDC
2 275 647 USD
0.39 %
32.
ETH/USDC
2 134 708 USD
0.37 %
33.
XRP/USDC
1 960 014 USD
0.34 %
34.
ETH/USDC
1 921 903 USD
0.33 %
35.
LOOM/USDC
1 832 952 USD
0.31 %
36.
OCTO/USDC
1 803 546 USD
0.31 %
37.
TRX/USDC
1 564 489 USD
0.27 %
38.
BTC/USDC
1 183 215 USD
0.20 %
39.
BCH/USDC
1 064 290 USD
0.18 %
40.
USDC/USDT
1 022 506 USD
0.18 %
41.
USDC/USDT
1 018 512 USD
0.17 %
42.
BTC/USDC
1 004 389 USD
0.17 %
43.
USDC/USDT
920 176 USD
0.16 %
44.
USDC/BTC
815 799 USD
0.14 %
45.
ZEC/USDC
739 182 USD
0.13 %
46.

MXC MXC

USDC/USDT
735 689 USD
0.13 %
47.
DAI/USDC
664 289 USD
0.11 %
48.
USDC/USDT
649 288 USD
0.11 %
49.
USDT/USDC
646 924 USD
0.11 %
50.
USDC/HUSD
634 914 USD
0.11 %
51.
ZEC/USDC
585 129 USD
0.10 %
52.
USDT/USDC
572 891 USD
0.10 %
53.
USDC/USDT
572 759 USD
0.10 %
54.
EOS/USDC
571 742 USD
0.10 %
55.
BTC/USDC
495 098 USD
0.08 %
56.
BCH/USDC
478 174 USD
0.08 %
57.
NEO/USDC
438 565 USD
0.08 %
58.
USDC/USDT
424 179 USD
0.07 %
59.
ETH/USDC
411 406 USD
0.07 %
60.
ATOM/USDC
375 987 USD
0.06 %
61.
BTC/USDC
359 394 USD
0.06 %
62.
ETH/USDC
326 615 USD
0.06 %
63.
USDC/USDT
320 536 USD
0.05 %
64.
CEL/USDC
320 123 USD
0.05 %
65.
ETH/USDC
314 082 USD
0.05 %
66.
USDC/BTC
301 529 USD
0.05 %
67.
USDC/USD
298 855 USD
0.05 %
68.
LTC/USDC
270 613 USD
0.05 %
69.
ETH/USDC
258 382 USD
0.04 %
70.

AAX AAX

USDC/USDT
230 375 USD
0.04 %
71.
XMR/USDC
208 610 USD
0.04 %
72.
USDC/USDT
196 320 USD
0.03 %
73.
USDC/USDT
191 527 USD
0.03 %
74.
USDC/USDT
188 605 USD
0.03 %
75.
USDC/BTC
186 155 USD
0.03 %
76.
ETH/USDC
181 799 USD
0.03 %
77.
ESD/USDC
172 927 USD
0.03 %
78.
USDC/USDT
167 002 USD
0.03 %
79.
USDC/USDT
163 791 USD
0.03 %
80.
USDC/ETH
149 282 USD
0.03 %
81.
WOO/USDC
121 661 USD
0.02 %
82.
BAT/USDC
121 535 USD
0.02 %
83.
CRO/USDC
106 927 USD
0.02 %
84.
BSV/USDC
102 537 USD
0.02 %
85.
GNT/USDC
96 885 USD
0.02 %
86.
BSV/USDC
75 406 USD
0.01 %
87.
XRP/USDC
73 329 USD
0.01 %
88.
LTC/USDC
71 321 USD
0.01 %
89.
BOND/USDC
68 860 USD
0.01 %
90.
BTT/USDC
67 750 USD
0.01 %
91.
CET/USDC
57 871 USD
0.01 %
92.

Hoo Hoo

USDC/USDT
55 313 USD
0.01 %
93.
ETH/USDC
46 766 USD
0.01 %
94.
DAI/USDC
46 728 USD
0.01 %
95.
BCH/USDC
40 782 USD
0.01 %
96.
USDC/USDT
33 971 USD
0.01 %
97.
XRP/USDC
29 938 USD
0.01 %
98.
BSV/USDC
29 185 USD
0.00 %
99.
ZEC/USDC
28 581 USD
0.00 %
100.
WIN/USDC
28 198 USD
0.00 %
101.
USDC/KRW
27 503 USD
0.00 %
102.
USDC/THB
26 394 USD
0.00 %
103.
USDC/USDT
25 777 USD
0.00 %
104.
ZEC/USDC
24 812 USD
0.00 %
105.
BCH/USDC
24 716 USD
0.00 %
106.
TRX/USDC
21 677 USD
0.00 %
107.
USDC/USDT
21 595 USD
0.00 %
108.
BTC/USDC
21 295 USD
0.00 %
109.
OKB/USDC
20 752 USD
0.00 %
110.
USDC/USD
19 011 USD
0.00 %
111.
BGBP/USDC
13 828 USD
0.00 %
112.
LTC/USDC
13 763 USD
0.00 %
113.
USDC/UAH
12 531 USD
0.00 %
114.
USDC/USDT
12 127 USD
0.00 %
115.
ETC/USDC
11 603 USD
0.00 %
116.
USDC/ETH
11 172 USD
0.00 %
117.
ATOM/USDC
8 129 USD
0.00 %
118.
USDC/USD
8 060 USD
0.00 %
119.
XLM/USDC
7 630 USD
0.00 %
120.
USDC/BTC
7 340 USD
0.00 %
121.
TRX/USDC
6 823 USD
0.00 %
122.
USDC/USDT
5 960 USD
0.00 %
123.
USDC/USDT
5 371 USD
0.00 %
124.
USDC/USDF
4 539 USD
0.00 %
125.
TUSD/USDC
4 506 USD
0.00 %
126.
USDC/USDT
4 464 USD
0.00 %
127.
DOGE/USDC
3 914 USD
0.00 %
128.
EOS/USDC
3 632 USD
0.00 %
129.
EOS/USDC
1 797 USD
0.00 %
130.
DASH/USDC
1 203 USD
0.00 %
131.
DAI/USDC
1 013 USD
0.00 %
132.
BAT/USDC
307 USD
0.00 %
133.
USDC/USD
249 USD
0.00 %
134.
ETC/USDC
217 USD
0.00 %
135.
XRP/USDC
148 USD
0.00 %
136.
BTC/USDC
97 USD
0.00 %
137.
LCX/USDC
31 USD
0.00 %
138.
USDX/USDC
1 USD
0.00 %
139.
LHT/USDC
0 USD
0.00 %
140.
CLOAK/USDC
0 USD
0.00 %
141.
ANY/USDC
0 USD
0.00 %
142.
BTC/USDC
0.0 USD
0.0 %
143.
BCH/USDC
0.0 USD
0.0 %
144.
ETH/USDC
0.0 USD
0.0 %
145.
OTO/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.