Convert USDC USDC to Dai DAI
USDC to DAI: 1 USDC converts to 1.00 DAI as of July 18 at 7:25 AM
About USDC and DAI
USDC is climbing, while Dai is falling this week. The current USDC to DAI conversion rate is 1. Inversely, this means that if you convert 1 DAI you will get 1 USDC. The conversion rate of USDC/DAI has increased by 0.01% in the last hour (DAI/USDC decreased by 0.01%). In the last 24 hours, USDC/DAI grew by 0%, while DAI/USDC shrunk by the same amount.
The exchange rate of USDC is decreasing. The current value of 1 USDC is 1.00 DAI. In other words, to buy 5 USDC, it would cost you 5.00 DAI. Inversely, 1 DAI would allow you to trade for 1.00 USDC while 50 DAI would convert to 50.03 USDC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.05%. Meanwhile, in the last 24 hours, the rate has changed by 0.06%, and that the highest exchange rate of 1 USDC to DAI was 1.00 DAI and the lowest 24 hour value was 1 USDC for 1.00 DAI. Last month, 1 USDC was worth 1.00 DAI. Today, it's down 0.06%. Looking back a year, USDC has changed by 1.00 DAI. That means that in a single year, the value of USDC has shrank by 0.07%.
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.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
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