-
Bitcoin $104,995.9509
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$2,528.2163
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$1.0006
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0.62% - BNB
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$0.0...01213
1.51% - Hedera
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1.76% - Polkadot
$3.7776
-1.71% - Ethena USDe
$1.0004
0.02% - Monero
$312.6994
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$1.0000
0.00% - Bitget Token
$4.5504
0.85% - Pepe
$0.0...01106
1.77% - Pi
$0.6168
10.66% - Uniswap
$7.2633
-2.44% - Aave
$275.0182
-3.57%
What is USDC? Total issuance of USDC coins and introduction to the white paper
USD Coin (USDC), a stablecoin pegged to the US dollar, boasts a market capitalization of approximately $33.5 billion as of August 2023, making it the second-largest in its category.
Sep 30, 2024 at 07:53 pm
What is USDC?
USD Coin (USDC) is a stablecoin pegged to the US dollar. It was created by a consortium of companies led by Coinbase and Circle in 2018. USDC is designed to be a medium of exchange that is more stable than cryptocurrencies like Bitcoin, which can experience significant price fluctuations.
USD Coins are backed by 1:1 in US dollars, which are held in reserve by regulated financial institutions. This means that each USDC token is redeemable for $1.00.
Total Issuance of USDC Coins
As of August 2023, there are approximately 33.5 billion USDC in circulation. This makes USDC the second-largest stablecoin by market cap.
USDC White Paper
The USDC white paper was published in September 2018. It provides an overview of the USDC project, including the following:
- The purpose of USDC
- The design of USDC
- The regulation of USDC
- The uses of USDC
The USDC white paper is an important resource for anyone who wants to learn more about USDC. It is available to read on the USDC website.
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