6

Rank

USD Coin, USDC

$1.00 ( -0.00% )

Market Cap

$55 812 094 460

24 Hour Volume

$1 973 707 536

Available Supply

55 802 605 112

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/BUSD
827 575 439 USD
41.41 %
2.
BTC/USDC
275 258 565 USD
13.77 %
3.
USDC/USDT
209 581 466 USD
10.49 %
4.
BTC/USDC
89 999 454 USD
4.50 %
5.

AAX AAX

USDC/USDT
87 669 335 USD
4.39 %
6.
BTC/USDC
85 316 239 USD
4.27 %
7.
ETH/USDC
47 939 513 USD
2.40 %
8.
USDC/USDT
41 567 047 USD
2.08 %
9.
ETH/USDC
33 439 052 USD
1.67 %
10.
ETH/USDC
28 357 486 USD
1.42 %
11.
BTC/USDC
27 437 649 USD
1.37 %
12.
BTC/USDC
21 812 339 USD
1.09 %
13.
USDC/USDT
19 455 191 USD
0.97 %
14.
USDC/USDT
15 334 025 USD
0.77 %
15.
BTC/USDC
15 046 154 USD
0.75 %
16.
USDC/USDT
14 327 004 USD
0.72 %
17.
USDC/USDT
13 455 454 USD
0.67 %
18.
BTC/USDC
10 589 173 USD
0.53 %
19.
USDC/USDT
10 461 410 USD
0.52 %
20.
ETH/USDC
10 427 590 USD
0.52 %
21.
BTC/USDC
10 426 617 USD
0.52 %
22.
BTC/USDC
9 899 453 USD
0.50 %
23.
USDT/USDC
8 477 245 USD
0.42 %
24.
ETH/USDC
8 348 162 USD
0.42 %
25.
ETH/USDC
7 926 717 USD
0.40 %
26.
USDC/USDT
7 785 203 USD
0.39 %
27.
ETH/USDC
5 873 693 USD
0.29 %
28.
USDC/USDT
3 688 365 USD
0.18 %
29.
XRP/USDC
3 631 482 USD
0.18 %
30.
TRX/USDC
3 299 490 USD
0.17 %
31.
ETH/USDC
2 447 593 USD
0.12 %
32.
USDC/USDT
2 351 647 USD
0.12 %
33.
XRP/USDC
2 189 696 USD
0.11 %
34.
ADA/USDC
2 164 899 USD
0.11 %
35.
BCH/USDC
2 137 934 USD
0.11 %
36.
LTC/USDC
1 991 074 USD
0.10 %
37.
TRX/USDC
1 940 695 USD
0.10 %
38.
BTC/USDC
1 934 880 USD
0.10 %
39.
XRP/USDC
1 910 917 USD
0.10 %
40.
BNB/USDC
1 807 099 USD
0.09 %
41.
USDC/UST
1 794 248 USD
0.09 %
42.
BSV/USDC
1 771 189 USD
0.09 %
43.
USDC/USDT
1 704 833 USD
0.09 %
44.
BTC/USDC
1 676 005 USD
0.08 %
45.
OKB/USDC
1 528 474 USD
0.08 %
46.
BTC/USDC
1 517 222 USD
0.08 %
47.
ADA/USDC
1 315 243 USD
0.07 %
48.
USDC/ETH
1 050 948 USD
0.05 %
49.
DAI/USDC
1 000 823 USD
0.05 %
50.
WIN/USDC
933 253 USD
0.05 %
51.
USDC/USDT
744 916 USD
0.04 %
52.
USDC/BTC
741 519 USD
0.04 %
53.
ETH/USDC
665 038 USD
0.03 %
54.
USDC/USD
552 096 USD
0.03 %
55.
LTC/USDC
492 730 USD
0.02 %
56.
USDC/USDT
405 146 USD
0.02 %
57.
USDC/HUSD
371 830 USD
0.02 %
58.
CRO/USDC
365 611 USD
0.02 %
59.
USDC/USDT
363 352 USD
0.02 %
60.
ATOM/USDC
346 696 USD
0.02 %
61.
USDC/THB
324 367 USD
0.02 %
62.
USDC/UQC
308 387 USD
0.02 %
63.
LINK/USDC
300 755 USD
0.02 %
64.
USDC/USDT
296 255 USD
0.01 %
65.
BCH/USDC
287 892 USD
0.01 %
66.
USDT/USDC
252 959 USD
0.01 %
67.
LINK/USDC
236 368 USD
0.01 %
68.
EOS/USDC
207 673 USD
0.01 %
69.
DAI/USDC
133 750 USD
0.01 %
70.
USDC/USDT
97 048 USD
0.00 %
71.
USDC/USD
88 044 USD
0.00 %
72.
DOGE/USDC
81 628 USD
0.00 %
73.
BTC/USDC
79 166 USD
0.00 %
74.
USDC/USD
78 202 USD
0.00 %
75.
ZEC/USDC
77 810 USD
0.00 %
76.
LTC/USDC
74 428 USD
0.00 %
77.
USDC/BTC
72 661 USD
0.00 %
78.
DNT/USDC
68 759 USD
0.00 %
79.
USDC/ETH
67 396 USD
0.00 %
80.
USDC/USD
66 782 USD
0.00 %
81.
CVC/USDC
63 574 USD
0.00 %
82.
XRP/USDC
61 232 USD
0.00 %
83.
MANA/USDC
55 023 USD
0.00 %
84.
BAT/USDC
54 809 USD
0.00 %
85.
USDC/TRY
54 605 USD
0.00 %
86.
USDC/BTC
54 035 USD
0.00 %
87.
BCH/USDC
53 649 USD
0.00 %
88.
EOS/USDC
52 734 USD
0.00 %
89.
ETH/USDC
48 602 USD
0.00 %
90.
DAI/USDC
34 440 USD
0.00 %
91.
TUSD/USDC
29 860 USD
0.00 %
92.
USDC/UAH
29 052 USD
0.00 %
93.
EOS/USDC
27 282 USD
0.00 %
94.
LTC/USDC
21 227 USD
0.00 %
95.
TRX/USDC
20 671 USD
0.00 %
96.
ETH/USDC
20 220 USD
0.00 %
97.
ZEC/USDC
18 660 USD
0.00 %
98.
USDC/USDT
17 061 USD
0.00 %
99.
USDT/USDC
15 756 USD
0.00 %
100.
USDC/USDT
14 885 USD
0.00 %
101.
USDC/USDT
12 780 USD
0.00 %
102.
LOOM/USDC
11 405 USD
0.00 %
103.
USDC/USDT
11 326 USD
0.00 %
104.
ZEC/USDC
10 756 USD
0.00 %
105.
USDC/USDT
9 852 USD
0.00 %
106.
LTC/USDC
8 963 USD
0.00 %
107.
CET/USDC
8 386 USD
0.00 %
108.
BSV/USDC
6 207 USD
0.00 %
109.
USDC/USDT
4 977 USD
0.00 %
110.
XRP/USDC
4 050 USD
0.00 %
111.
USDC/USDF
4 024 USD
0.00 %
112.
BCH/USDC
3 978 USD
0.00 %
113.
USDC/EUR
3 491 USD
0.00 %
114.
CEL/USDC
3 012 USD
0.00 %
115.
BTC/USDC
2 313 USD
0.00 %
116.
BTC/USDC
1 988 USD
0.00 %
117.
DOGE/USDC
1 790 USD
0.00 %
118.
USDC/ETH
1 734 USD
0.00 %
119.
BCH/USDC
1 470 USD
0.00 %
120.
EOS/USDC
1 166 USD
0.00 %
121.
BAT/USDC
357 USD
0.00 %
122.
ATOM/USDC
329 USD
0.00 %
123.
DASH/USDC
270 USD
0.00 %
124.
XMR/USDC
245 USD
0.00 %
125.
ETC/USDC
161 USD
0.00 %
126.
ZEC/USDC
121 USD
0.00 %
127.
BTC/USDC
52 USD
0.00 %
128.
USDX/USDC
0 USD
0.00 %
129.
LHT/USDC
0 USD
0.00 %
130.
LCX/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.