20

Rank

USD Coin, USDC

$0.999809 ( 0.01% )

Market Cap

$38 282 418 404

24 Hour Volume

$507 005 180

Available Supply

38 289 730 415

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
75 804 101 USD
14.97 %
2.
CRO/USDC
62 087 312 USD
12.26 %
3.
BTC/USDC
42 268 417 USD
8.34 %
4.
BTC/USDC
38 709 387 USD
7.64 %
5.
USDC/BUSD
35 055 948 USD
6.92 %
6.
ETH/USDC
29 350 308 USD
5.79 %
7.
ETH/USDC
21 385 231 USD
4.22 %
8.
BAT/USDC
13 778 716 USD
2.72 %
9.
USDC/USDT
12 841 331 USD
2.54 %
10.
BTC/USDC
12 516 581 USD
2.47 %
11.
CVC/USDC
9 771 356 USD
1.93 %
12.
MANA/USDC
8 692 651 USD
1.72 %
13.
ETH/USDC
8 420 706 USD
1.66 %
14.
USDT/USDC
8 310 467 USD
1.64 %
15.
BNB/USDC
8 169 433 USD
1.61 %
16.
USDC/USD
7 753 858 USD
1.53 %
17.
USDC/USDT
6 912 591 USD
1.36 %
18.
ETH/USDC
5 906 687 USD
1.17 %
19.
USDC/USDT
5 865 599 USD
1.16 %
20.
USDC/EUR
5 433 884 USD
1.07 %
21.
WIN/USDC
5 297 501 USD
1.05 %
22.
BTT/USDC
4 758 234 USD
0.94 %
23.
USDC/USDT
4 001 555 USD
0.79 %
24.
USDC/USDT
3 875 330 USD
0.77 %
25.
BTC/USDC
3 841 078 USD
0.76 %
26.
ETH/USDC
3 823 798 USD
0.75 %
27.
ETH/USDC
3 807 333 USD
0.75 %
28.
XRP/USDC
3 561 398 USD
0.70 %
29.
DNT/USDC
3 517 555 USD
0.69 %
30.
BTC/USDC
3 360 085 USD
0.66 %
31.
USDC/USDT
3 124 926 USD
0.62 %
32.
BTC/USDC
2 821 392 USD
0.56 %
33.
USDC/HUSD
2 705 527 USD
0.53 %
34.
BTC/USDC
2 454 316 USD
0.48 %
35.
BTC/USDC
2 258 992 USD
0.45 %
36.
ADA/USDC
2 153 179 USD
0.43 %
37.
XRP/USDC
1 883 177 USD
0.37 %
38.
TRX/USDC
1 875 411 USD
0.37 %
39.
ETH/USDC
1 838 922 USD
0.36 %
40.
USDC/GBP
1 680 236 USD
0.33 %
41.
ZEC/USDC
1 480 799 USD
0.29 %
42.
BTC/USDC
1 412 931 USD
0.28 %
43.
DAI/USDC
1 249 432 USD
0.25 %
44.
USDC/BTC
1 198 142 USD
0.24 %
45.
LTC/USDC
1 089 189 USD
0.22 %
46.
ETH/USDC
1 048 332 USD
0.21 %
47.
USDC/USDT
1 033 123 USD
0.20 %
48.
USDC/UST
963 882 USD
0.19 %
49.
EOS/USDC
893 899 USD
0.18 %
50.
ETH/USDC
882 843 USD
0.17 %
51.
ETH/USDC
823 273 USD
0.16 %
52.
USDC/USDT
806 715 USD
0.16 %
53.
USDC/BTC
774 913 USD
0.15 %
54.
LINK/USDC
766 795 USD
0.15 %
55.
BTC/USDC
697 489 USD
0.14 %
56.
USDC/USDT
673 346 USD
0.13 %
57.
USDC/USDT
629 032 USD
0.12 %
58.
USDC/USDT
621 245 USD
0.12 %
59.
BTC/USDC
480 904 USD
0.09 %
60.
ADA/USDC
451 369 USD
0.09 %
61.
USDT/USDC
418 544 USD
0.08 %
62.
USDC/USDT
402 500 USD
0.08 %
63.
LTC/USDC
367 704 USD
0.07 %
64.
USDC/TRY
367 229 USD
0.07 %
65.
USDC/USDT
355 759 USD
0.07 %
66.
USDC/USDT
345 390 USD
0.07 %
67.
ZEC/USDC
336 150 USD
0.07 %
68.
BCH/USDC
310 975 USD
0.06 %
69.
USDC/USDT
297 610 USD
0.06 %
70.
EOS/USDC
279 004 USD
0.06 %
71.
XRP/USDC
268 185 USD
0.05 %
72.
TRX/USDC
238 256 USD
0.05 %
73.
ATOM/USDC
210 614 USD
0.04 %
74.
LINK/USDC
190 441 USD
0.04 %
75.
LTC/USDC
175 006 USD
0.03 %
76.
ETH/USDC
159 962 USD
0.03 %
77.
BTC/USDC
133 162 USD
0.03 %
78.
LOOM/USDC
113 061 USD
0.02 %
79.
USDC/USD
106 866 USD
0.02 %
80.
EOS/USDC
98 733 USD
0.02 %
81.
USDC/ETH
95 929 USD
0.02 %
82.
USDC/USDT
94 654 USD
0.02 %
83.
BCH/USDC
88 625 USD
0.02 %
84.
USDC/USDT
68 908 USD
0.01 %
85.
DOGE/USDC
65 812 USD
0.01 %
86.
USDC/ETH
65 658 USD
0.01 %
87.
USDC/UQC
63 341 USD
0.01 %
88.
ETH/USDC
63 055 USD
0.01 %
89.
USDC/USD
61 883 USD
0.01 %
90.
USDC/USDT
60 641 USD
0.01 %
91.
OKB/USDC
60 290 USD
0.01 %
92.
TRX/USDC
58 976 USD
0.01 %
93.
USDC/THB
56 620 USD
0.01 %
94.

AAX AAX

USDC/USDT
53 013 USD
0.01 %
95.
USDC/BTC
51 771 USD
0.01 %
96.
EOS/USDC
51 613 USD
0.01 %
97.
ZEC/USDC
46 587 USD
0.01 %
98.
DAI/USDC
40 622 USD
0.01 %
99.
BCH/USDC
39 624 USD
0.01 %
100.
USDC/USD
38 439 USD
0.01 %
101.
USDC/AUD
38 160 USD
0.01 %
102.
BTC/USDC
36 988 USD
0.01 %
103.
XRP/USDC
36 509 USD
0.01 %
104.
USDC/BTC
31 801 USD
0.01 %
105.
XRP/USDC
27 732 USD
0.01 %
106.
BCH/USDC
27 393 USD
0.01 %
107.
BTC/USDC
25 849 USD
0.01 %
108.
CET/USDC
22 252 USD
0.00 %
109.
USDC/USDT
21 563 USD
0.00 %
110.
USDC/USD
20 966 USD
0.00 %
111.
LTC/USDC
20 717 USD
0.00 %
112.
LTC/USDC
15 771 USD
0.00 %
113.
ETH/USDC
15 300 USD
0.00 %
114.
ETC/USDC
15 110 USD
0.00 %
115.
NEO/USDC
12 036 USD
0.00 %
116.
DASH/USDC
11 996 USD
0.00 %
117.
DOGE/USDC
11 149 USD
0.00 %
118.
USDC/USDT
10 643 USD
0.00 %
119.
ZEC/USDC
10 623 USD
0.00 %
120.
USDC/USDT
10 247 USD
0.00 %
121.
BSV/USDC
7 214 USD
0.00 %
122.
ATOM/USDC
6 620 USD
0.00 %
123.
XMR/USDC
5 436 USD
0.00 %
124.
BCH/USDC
4 824 USD
0.00 %
125.
USDC/USDF
4 302 USD
0.00 %
126.
BSV/USDC
3 496 USD
0.00 %
127.
BTC/USDC
2 967 USD
0.00 %
128.
USDC/EUR
2 844 USD
0.00 %
129.
USDC/USDT
1 639 USD
0.00 %
130.
BAT/USDC
1 492 USD
0.00 %
131.
USDC/ETH
1 431 USD
0.00 %
132.
XCF/USDC
661 USD
0.00 %
133.
USDC/UAH
563 USD
0.00 %
134.
CEL/USDC
550 USD
0.00 %
135.
USDC/USD
517 USD
0.00 %
136.
DAI/USDC
175 USD
0.00 %
137.
USDX/USDC
135 USD
0.00 %
138.
LCX/USDC
123 USD
0.00 %
139.
ETC/USDC
57 USD
0.00 %
140.
BTC/USDC
35 USD
0.00 %
141.
BTC/USDC
27 USD
0.00 %
142.
USDT/USDC
14 USD
0.00 %
143.
LHT/USDC
0 USD
0.00 %
144.
OTO/USDC
0.0 USD
0.0 %
145.
WGR/USDC
0.0 USD
0.0 %
146.
TUSD/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.