About USDC
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.
Trading Insights
Traders
99K
Market Stats
Market Cap
£56.82B
0.34%
FDV
£56.82B
Circ. Supply
77B USDC
Max Supply
Not enough data
Total Supply
77B USDC
Diluted Valuation
£56.82B
Performance
Popularity
#6
Dominance
2.68%
Volume (24H)
£7.95B
44.13%
Volume (7D)
£54.23B
Volume (30D)
£196.30B
All time high
£0.74
Price Change (1Y)
Not enough data
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Stablecoins: 'Stablecoin' (e.g. USDC, USDT) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks'
Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.
Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.
Collateral risk: There's a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).
FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate
Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there's a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.
Additional details
Recent trends
The current price is £0.74 per USDC with a 24-hour trading volume of £7.95B. Currently, USDC is valued at 0.05% below its all time high of £0.74. This all-time high was the highest price paid for USDC since its launch.
The current circulating supply of USDC is 76,789,980,693.006 USDC which means that USDC has as total market cap of £56,818,138,881.03.
Market details
USDC vs markets
↗ 10.01%
USDC vs BTC
↗ 13.99%
USDC vs ETH
↗ 19.38%
Tags
medium-of-exchange
stablecoin
asset-backed-stablecoin
usd-stablecoin
+3
Network & Addresses
Network | Address | |
|---|---|---|
Monad | 0x754704Bc059F8C67012fEd69BC8A327a5aafb603 | |
Polkadot | 1337 | |
Worldchain | 0x79A02482A880bCE3F13e09Da970dC34db4CD24d1 | |
Sonic | 0x29219dd400f2Bf60E5a23d13Be72B486D4038894 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.74 | |
1 Day | £0.74 | |
1 Week | £0.75 | |
1 Month | £0.76 | |
1 Year | £0.80 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
USDC (USDC) is a stablecoin that seeks to mirror the value of the U.S. dollar. Each unit of this digital currency in circulation is backed by $1 held in reserve, in a blend of cash and short-term U.S. Treasury bonds (more: https://www.circle.com/en/transparency). USDC aims to cater to a world where cashless transactions are increasingly common. The aim is to foster an ecosystem where USDC is accepted by wallets, service providers, and decentralized applications (dApps).
USDC is a type of cryptocurrency known as a stablecoin. Its value is pegged to the US dollar, meaning it aims to maintain a 1:1 value ratio with the USD. This is in contrast to other cryptocurrencies like Bitcoin or Ethereum, whose values can fluctuate widely. USDC is natively accessible for 15 blockchain networks: Algorand, Arbitrum, Avalanche, Base, Ethereum, Flow, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, and TRON. The value of this coin is maintained by holding U.S. dollars or equivalent in reserve. An accounting firm is tasked with verifying the levels of cash held in reserve, ensuring this matches up with the number of tokens in circulation. New coins are created in line with demand, whenever someone wants to acquire one with their dollar.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.