What is USDC?
USD Coin (USDC) is a digital currency that is fully backed by U.S. dollar assets. USDC is a tokenized U.S. dollar, with the value of one USDC coin pegged 1:1 to the value of one U.S. dollar. The value of USDC is designed to remain stable, making USDC a stablecoin.1
Stablecoins are commonly backed by reserve assets like dollars or euros to achieve price stability.1 The price stability of USDC contrasts sharply with the notorious price fluctuations of other cryptocurrencies like Bitcoin and Ethereum.
Despite its name, it is important to note that USDC is not issued or backed by the U.S. government. USDC is an open-source project, meaning that anyone can view and contribute to the project’s code.
Keep reading to understand more about USDC, including how it works and the various use cases for the digital currency.
USDC Price Live Data
- Volume 24h: $ 3,343,902,372
- Market cap: $ 25,757,971,595
- Supply: 25,758,458,923 USDC
- Max supply: 25,758,470,336 USDC
- 1h %: increased 0.02%
- 24h %: decreased -0.05%
- 7d %: increased 0.03%
- 30d %: decreased -0.01%
- All time high: $ 1.17
- All time high %: 14.53%
- All time high date: May 8, 2019
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