-
Bitcoin $112400
-1.07% - Ethereum
$3409
-3.27% - XRP
$2.784
-6.60% - Tether USDt
$0.9997
-0.03% - BNB
$739.3
-2.09% - Solana
$158.0
-2.90% - USDC
$0.9998
-0.02% - TRON
$0.3213
-0.94% - Dogecoin
$0.1929
-5.01% - Cardano
$0.6974
-2.82% - Hyperliquid
$36.69
-2.31% - Sui
$3.327
-4.80% - Stellar
$0.3672
-5.18% - Chainlink
$15.65
-3.07% - Bitcoin Cash
$525.0
-1.68% - Hedera
$0.2291
-6.00% - Avalanche
$20.91
-2.96% - Ethena USDe
$1.000
0.00% - Toncoin
$3.520
-1.12% - UNUS SED LEO
$8.968
0.14% - Litecoin
$105.7
0.26% - Shiba Inu
$0.00001181
-1.79% - Polkadot
$3.492
-2.08% - Uniswap
$8.800
-3.10% - Dai
$0.9999
-0.01% - Monero
$289.9
-3.17% - Bitget Token
$4.243
-1.27% - Pepe
$0.00001006
-3.67% - Cronos
$0.1248
-5.68% - Aave
$249.7
-2.50%
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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