All-time High
$2.35
Nov 16, 2021
All-time Low
$0.87
Mar 11, 2023
Volume(24h)
$10.81B
Turnover rate
17.88%
Market Cap
$60.4566B
FDV
$60.5B
Circulating supply
$60.47B
Total supply
$60.47B
Max supply
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https://solscan.io/token/EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
https://solscan.io/token/EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
https://app.nansen.ai/token-god-mode?chain=ethereum&tab=transactions&tokenAddress=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
https://etherscan.io/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
https://explorer.solana.com/address/EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
https://tronscan.org/#/token20/TEkxiTehnzSmSe2XqrBj4w32RUN966rdz8
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Community sentiment
26%
74%
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About USDC
Where Can You Buy USDC (USDC)?
As you might expect, one of the most enthusiastic exchanges that offers USDC is Coinbase, given how the exchange was involved in this stablecoin’s creation. USDC can also be purchased and traded on Poloniex, Binance, OKEx and Bitfinex, as well as decentralized exchanges such as Uniswap. USDC is commonly bought with Bitcoin — and if it’s your first time buying Bitcoin, be sure to check out our comprehensive guide[ here](https://coinmarketcap.com/how-to-buy-bitcoin/).
How Is the USDC Network Secured?
All of the USDCs in circulation are actually ERC-20 tokens, which can be found on the Ethereum blockchain. One of the biggest advantages here is how it can then be integrated with Ethereum-based applications. As we mentioned earlier, security and confidence in this stablecoin is delivered by proving that U.S. dollars are being held safely in reserve.
How Many USDC (USDC) Are There in Circulation?
It’s a bit difficult to give an exact number here — as in theory, the number of USDC that can exist is limitless. New coins are created in line with demand, whenever someone wants to purchase one with their humble dollar. That said, there have been factors that have helped USDC enjoy an explosion in popularity over the years — especially in 2020. One of them is the sudden, sharp rise in the popularity of decentralized finance. USDC is a common sight on many [DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) protocols given how it serves as an onramp to the wider ecosystem.
How Much Is Held in USDC Asset Reserves?
Following the [collapse](https://coinmarketcap.com/alexandria/article/ust-plummets-to-0-38-and-luna-falls-82-in-24-hours-as-do-kwon-fails-to-deliver-recovery-plan) of TerraUSD, stablecoin issuers have been under intense scrutiny over the quality of the reserves backing their tokens. In a transparency move, Circle Internet Financial LLC (Circle), the issuer of the USDC stablecoin released its reserves report as of July 31, 2022. According to the report, the total USDC reserves held by the company consist of $42.3 billion worth of US Treasury Securities and total cash deposits of $12.2 billion. The monthly reserve report was issued by leading global accounting firm Grant Thornton. The accounting firm later released an independent attestation dated August 24, 2022. It reads: “_In our opinion, the Reserve Information in the accompanying USDC Reserve Report as of July 31, 2022 is fairly stated, based on the criteria set forth in the USDC Reserve Report, in all material respects._”
What Makes USDC (USDC) Unique?
The stablecoin market has become exceedingly crowded over recent years — but USDC has aimed to stand head and shoulders over competitors in several ways. One of them concerns transparency — and giving users the assurance that they will be able to withdraw 1 USDC and receive $1 in return without any issues. To this end, it says a major accounting firm is tasked with verifying the levels of cash that are held in reserve, and ensuring this matches up with the [number of tokens](https://coinmarketcap.com/alexandria/article/what-is-tokenomics) in circulation. Unlike some crypto ventures, Circle and Coinbase have also achieved regulatory compliance — and this has helped pave the way for international expansion. Both projects are also well-funded, giving the stablecoin certainty. [Coinbase](https://coinmarketcap.com/exchanges/coinbase-exchange/) briefly contemplated [diversifying the funds backing USDC](https://coinmarketcap.com/alexandria/article/facing-criticism-coinbase-promises-usdc-stablecoin-will-be-100-dollar-backed-again), but retracted that proposal after heavy community backlash. The transparency over the provenance of its funds has been a big reason for USDC's success. Unlike its rival [USDT](https://coinmarketcap.com/currencies/tether/), which has found itself embroiled in repeated [investigations](https://coinmarketcap.com/alexandria/article/is-tether-untouchable-the-latest-twist-in-a-long-running-drama), USDC has never been accused of any wrongdoing. That has led to USDC gobbling up much of USDT's dominance in the [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) market: although USDT commanded a 74%:16% lead in market share in February 2021, this has shrunk to a 45%:30% lead in February 2022.
Who Are the Founders of USDC?
The Centre Consortium has two founding members. One of them is the peer-to-peer payment services company Circle, while the other is the Coinbase cryptocurrency exchange. Other crypto ventures are open to join this consortium. Explaining the rationale behind USDC, Circle co-founders Jeremy Allaire and Sean Neville wrote: “We believe that an open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet.” In 2020, Circle and Coinbase collectively announced a major upgrade to USDC’s protocol and smart contract. The goal of these enhancements is to make it easier for USDC to be used for everyday payments, commerce and peer-to-peer transactions.
What Is USDC (USDC)?
USDC is a [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions. The stablecoin originally launched on a limited basis in September 2018. Put simply, USDC’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common. Several use cases have been unveiled for the USDC. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming. Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.
USDC News
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The indictment, announced by U.S. Attorney Jeanine Ferris Pirro, FBI Special Agent Sean Ryan, and IRS-CI Executive Special Agent Kareem A. Carter, accuses the group—composed of U.S. and foreign nationals—of crimes including racketeering, wire fraud, and obstruction of justice.
May / 16
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There are still quite a few people who have doubts about its value. With the new government, there will be a way to invest in virtual assets in the domestic stock market.
May / 16
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input: JPMorgan analysts, led by managing director Nikolaos Panigirtzoglou, reported that Bitcoin could outperform gold in the year's second half. The analysts argued that the digital asset will gain ground against gold, driven by rising corporate demand and growing support from U.S. states.
May / 16
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DDC Enterprise Ltd. (NYSEAM: DDC), a Chinese publicly traded company, reported record 2024 financial results and announced plans to acquire 5,000 bitcoin ( BTC)
May / 16
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Bitcoin's price action in the past 24 hours has seen it slowly retracing from the $104,000 zone it started the week at.
May / 16
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Bitcoin is trading above the $100,000 mark after several days of consolidation just under $105,000. The market remains uncertain as bulls attempt to push higher
May / 16
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The State of Wisconsin Investment Board (SWIB), which oversees the state's retirement funds, unloaded its shares in BlackRock's iShares Bitcoin Trust ETF (IBIT)
May / 16
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The expert noted that the flagship crypto’s 200-day MA is below the average cost of the company’s BTC holdings, meaning they could still hold an unrealized loss at some point.
May / 16
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US President Donald Trump's son Eric on Thursday assured the world's leading crypto conference that Washington would hoard "a tremendous amount of bitcoin"
May / 16
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