Convert USDC USDC to Algorand ALGO
USDC to ALGO: 1 USDC converts to 5.18 ALGO as of June 8 at 5:49 PM
About USDC and ALGO
USDC is falling, while Algorand is climbing this week. The current USDC to ALGO conversion rate is 5.18. Inversely, this means that if you convert 1 ALGO you will get 0.19 USDC. The conversion rate of USDC/ALGO has decreased by 0% in the last hour (ALGO/USDC increased by 0%). In the last 24 hours, USDC/ALGO shrunk by 1.21%, while ALGO/USDC grew by the same amount.
The exchange rate of USDC is decreasing. The current value of 1 USDC is 5.18 ALGO. In other words, to buy 5 USDC, it would cost you 25.91 ALGO. Inversely, 1 ALGO would allow you to trade for 0.19 USDC while 50 ALGO would convert to 9.65 USDC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.97%. Meanwhile, in the last 24 hours, the rate has changed by 1.17%, which means that the highest exchange rate of 1 USDC to ALGO was 5.36 ALGO and the lowest 24 hour value was 1 USDC for 5.17 ALGO. Last month, 1 USDC was worth 4.62 ALGO. Today, it's up 10.82%. Looking back a year, USDC has changed by 5.87 ALGO. That means that in a single year, the value of USDC has shrank by 13.22%.
USDC Market Stats
USDC is a digital dollar issued by Circle that is fully backed by US dollars and US dollar equivalents. USDC was developed to represent a US Dollar equivalent onchain, and is used to send, store, and receive money between people and businesses without the need for third-party financial institutions.
Algorand Market Stats
Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake.