16

Rank

USD Coin, USDC

$0.999040 ( -0.12% )

Market Cap

$1 115 571 794

24 Hour Volume

$245 273 866

Available Supply

1 116 644 225

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
104 378 250 USD
42.51 %
2.
USDC/USDT
23 685 964 USD
9.65 %
3.
BTC/USDC
16 316 340 USD
6.64 %
4.
BTC/USDC
12 291 098 USD
5.01 %
5.
USDC/USDT
9 190 362 USD
3.74 %
6.
LINK/USDC
8 406 004 USD
3.42 %
7.
USDC/TRY
7 463 736 USD
3.04 %
8.
ETH/USDC
5 140 261 USD
2.09 %
9.
BTC/USDC
4 830 562 USD
1.97 %
10.
USDC/BTC
4 404 617 USD
1.79 %
11.
USDC/USDT
4 000 825 USD
1.63 %
12.
USDC/XRP
3 693 966 USD
1.50 %
13.
BTC/USDC
3 572 742 USD
1.45 %
14.
BTC/USDC
2 881 865 USD
1.17 %
15.
ETH/USDC
2 849 423 USD
1.16 %
16.
ETH/USDC
2 744 098 USD
1.12 %
17.
BCH/USDC
2 006 566 USD
0.82 %
18.
ETH/USDC
1 857 211 USD
0.76 %
19.

ZB ZB

USDC/QC
1 665 975 USD
0.68 %
20.
USDC/ETH
1 464 813 USD
0.60 %
21.
ZEC/USDC
1 413 525 USD
0.58 %
22.
BTC/USDC
1 330 038 USD
0.54 %
23.
BTC/USDC
1 210 128 USD
0.49 %
24.
LTC/USDC
1 187 787 USD
0.48 %
25.
BTC/USDC
955 014 USD
0.39 %
26.
MANA/USDC
954 692 USD
0.39 %
27.
USDC/BTC
951 487 USD
0.39 %
28.
ETH/USDC
929 084 USD
0.38 %
29.
BAT/USDC
876 354 USD
0.36 %
30.
BSV/USDC
782 767 USD
0.32 %
31.
USDC/USDT
711 041 USD
0.29 %
32.
BCH/USDC
630 761 USD
0.26 %
33.

ZB ZB

USDC/USDT
615 730 USD
0.25 %
34.
USDC/USDT
607 062 USD
0.25 %
35.
USDC/EUR
492 588 USD
0.20 %
36.
USDC/USDT
465 927 USD
0.19 %
37.
USDC/USD
441 961 USD
0.18 %
38.
USDC/USDT
403 232 USD
0.16 %
39.
BTC/USDC
401 660 USD
0.16 %
40.
BTC/USDC
368 678 USD
0.15 %
41.
USDC/USDT
351 562 USD
0.14 %
42.
USDC/USDT
349 414 USD
0.14 %
43.
USDC/USDT
346 629 USD
0.14 %
44.
XRP/USDC
344 794 USD
0.14 %
45.
DAI/USDC
344 404 USD
0.14 %
46.
ADA/USDC
316 176 USD
0.13 %
47.
XRP/USDC
295 798 USD
0.12 %
48.
ETH/USDC
229 838 USD
0.09 %
49.
LTC/USDC
213 673 USD
0.09 %
50.
ETH/USDC
210 694 USD
0.09 %
51.
ETH/USDC
200 393 USD
0.08 %
52.
USDT/USDC
195 548 USD
0.08 %
53.
EOS/USDC
193 210 USD
0.08 %
54.
USDC/USDT
178 399 USD
0.07 %
55.
BTC/USDC
167 111 USD
0.07 %
56.
ZEC/USDC
162 101 USD
0.07 %
57.
CET/USDC
150 180 USD
0.06 %
58.
ETH/USDC
149 968 USD
0.06 %
59.
XLM/USDC
142 087 USD
0.06 %
60.
USDC/USDT
138 873 USD
0.06 %
61.
DAI/USDC
120 310 USD
0.05 %
62.
USDC/USDT
115 762 USD
0.05 %
63.
ETH/USDC
115 594 USD
0.05 %
64.
USDC/HUSD
106 427 USD
0.04 %
65.
XRP/USDC
100 726 USD
0.04 %
66.
LOOM/USDC
97 535 USD
0.04 %
67.
BTC/USDC
96 177 USD
0.04 %
68.
BNB/USDC
93 553 USD
0.04 %
69.
TRX/USDC
89 646 USD
0.04 %
70.
USDC/USDT
86 526 USD
0.04 %
71.
BTC/USDC
86 234 USD
0.04 %
72.
USDT/USDC
72 199 USD
0.03 %
73.
CEL/USDC
66 155 USD
0.03 %
74.
USDC/USDT
66 081 USD
0.03 %
75.
WIN/USDC
61 430 USD
0.03 %
76.
BTT/USDC
53 143 USD
0.02 %
77.
USDC/UQC
52 573 USD
0.02 %
78.
CVC/USDC
48 172 USD
0.02 %
79.
USDC/USDT
48 000 USD
0.02 %
80.
BSV/USDC
47 435 USD
0.02 %
81.
DNT/USDC
42 025 USD
0.02 %
82.
XRP/USDC
41 328 USD
0.02 %
83.
EOS/USDC
41 295 USD
0.02 %
84.
USDC/BTC
38 826 USD
0.02 %
85.
ATOM/USDC
36 636 USD
0.01 %
86.
TUSD/USDC
32 158 USD
0.01 %
87.
USDC/BTC
30 479 USD
0.01 %
88.
USDC/ETH
29 771 USD
0.01 %
89.
ZEC/USDC
28 862 USD
0.01 %
90.
GNT/USDC
27 474 USD
0.01 %
91.
USDC/KRW
26 691 USD
0.01 %
92.
NEO/USDC
24 219 USD
0.01 %
93.
EOS/USDC
21 099 USD
0.01 %
94.
USDC/USD
20 811 USD
0.01 %
95.
DOGE/USDC
18 128 USD
0.01 %
96.
BGBP/USDC
17 239 USD
0.01 %
97.
BTC/USDC
15 921 USD
0.01 %
98.
USDC/USDT
15 008 USD
0.01 %
99.
USDC/ETH
13 916 USD
0.01 %
100.
LCX/USDC
12 891 USD
0.01 %
101.
LTC/USDC
12 785 USD
0.01 %
102.
ATOM/USDC
12 484 USD
0.01 %
103.
BTC/USDC
11 259 USD
0.00 %
104.
BCH/USDC
10 767 USD
0.00 %
105.
TRX/USDC
8 281 USD
0.00 %
106.
ETC/USDC
7 623 USD
0.00 %
107.
ETC/USDC
6 342 USD
0.00 %
108.
ETH/USDC
6 333 USD
0.00 %
109.
USDC/USD
5 963 USD
0.00 %
110.
ONE/USDC
5 654 USD
0.00 %
111.
DASH/USDC
5 104 USD
0.00 %
112.
BCH/USDC
5 063 USD
0.00 %
113.
BAT/USDC
4 965 USD
0.00 %
114.
XLM/USDC
4 948 USD
0.00 %
115.
ZEC/USDC
4 805 USD
0.00 %
116.
EOS/USDC
4 393 USD
0.00 %
117.
XMR/USDC
3 972 USD
0.00 %
118.
GRIN/USDC
3 550 USD
0.00 %
119.
USDC/USDT
3 372 USD
0.00 %
120.
DOGE/USDC
3 354 USD
0.00 %
121.
LTC/USDC
2 719 USD
0.00 %
122.
BAT/USDC
1 906 USD
0.00 %
123.
BCH/USDC
1 872 USD
0.00 %
124.
XRP/USDC
1 523 USD
0.00 %
125.
OTO/USDC
1 438 USD
0.00 %
126.
USDC/USDT
1 410 USD
0.00 %
127.
ETH/USDC
1 322 USD
0.00 %
128.
USDC/ETH
1 289 USD
0.00 %
129.
ETH/USDC
1 249 USD
0.00 %
130.
BSV/USDC
1 183 USD
0.00 %
131.
USDC/USD
851 USD
0.00 %
132.
USDC/BTC
836 USD
0.00 %
133.
BTB/USDC
590 USD
0.00 %
134.
BTC/USDC
261 USD
0.00 %
135.
USDC/USD
242 USD
0.00 %
136.
OKB/USDC
200 USD
0.00 %
137.
USDC/UAH
150 USD
0.00 %
138.
USDC/ETH
126 USD
0.00 %
139.
USDX/USDC
1 USD
0.00 %
140.
CLOAK/USDC
0 USD
0.00 %
141.
LHT/USDC
0 USD
0.00 %
142.
LCX/USDC
0.0 USD
0.0 %
143.
DAI/USDC
0.0 USD
0.0 %
144.
BTC/USDC
0.0 USD
0.0 %
145.
TRX/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.