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.
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Trading Insights
Traders
84K
Market Stats
Market Cap
£54.74B
-0.17%
FDV
£54.74B
Circ. Supply
74B USDC
Max Supply
Not enough data
Total Supply
74B USDC
Diluted Valuation
£54.72B
Performance
Popularity
#7
Dominance
1.96%
Volume (24H)
£15.08B
112.93%
Volume (7D)
£64.91B
Volume (30D)
£493.97B
All time high
£0.74
Price Change (1Y)
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 £15.08B. The new price represents a new all time high of £0.74. This all-time high is the highest price paid for USDC since its launch.
The current circulating supply of USDC is 73,877,139,988.604 USDC which means that USDC has as total market cap of £54,736,397,604.81.
Market details
USDC vs markets
↘ 43.84%
USDC vs BTC
↘ 43.88%
USDC vs ETH
↘ 38.74%
Tags
medium-of-exchange
stablecoin
asset-backed-stablecoin
usd-stablecoin
+3
Network & Addresses
Network | Address | |
|---|---|---|
Polkadot | 1337 | |
Worldchain | 0x79A02482A880bCE3F13e09Da970dC34db4CD24d1 | |
Sonic | 0x29219dd400f2Bf60E5a23d13Be72B486D4038894 | |
Unichain | 0x078D782b760474a361dDA0AF3839290b0EF57AD6 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.74 | 0.00% |
1 Day | £0.73 | 0.00% |
1 Week | £0.74 | 0.00% |
1 Month | £0.74 | 0.00% |
1 Year | £0.75 | 0.00% |
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.
USDC seeks to serve multiple use cases. It can provide relative stability for crypto traders in times of volatility. It also aims to enable businesses to accept payments in digital assets and seeks to impact various sectors including decentralized finance and gaming. USDC can be used for everyday payments, commerce, and peer-to-peer transactions. It also serves as an onramp to the wider ecosystem of decentralized finance, given its relative stability and wide acceptance.
USDC was launched in September 2018 by the Centre Consortium, which includes the peer-to-peer payment services company Circle. In 2020, an upgrade to USDC’s protocol and smart contract was announced, with the aim of facilitating its use for everyday payments and transactions. Over the years, USDC has seen increased use, in part due to the growing interest in decentralized finance. The Centre Consortium has continued to innovate and expand the reach of USDC, launching it on multiple new blockchains and fostering its adoption across a wide range of platforms and services.
We update our USDC to GBP currency in real-time. Get the live price of USDC on Coinbase.
The current market cap of USDC is £54.74B. A high market cap implies that the asset is highly valued by the market.
The all-time high of USDC is £0.74. This all-time high is highest price paid for USDC since it was launched.
Over the last 24 hours, the trading volume of USDC is £15.08B.
Assets that have a similar market cap to USDC include Solana, Dogecoin, BNB, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of USDC is 74 billion.
USDC ranks 7 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 99% of Coinbase users are buying USDC. In other words, 99% of Coinbase customers have increased their net position in USDC over the past 24 hours through trading.
Yes, USDC is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy USDC guide.
USDC news
Trending articles
Social stats
Popularity in posts
#8
Contributors
11,998
Posts
20,110
% About USDC
1.334%
Articles
37
Hold times
0 days
X (Twitter)
55.63% bullish
Sentiment
4.3 ★
Highlights
11,998 unique individuals are talking about USDC and it is ranked #8 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, USDC has an average sentiment score of 86 out of 5. Finally, USDC is becoming less newsworthy, with 37 news articles published about USDC.
On Twitter, people are mostly bullish about USDC. There were 62.05% of tweets with bullish sentiment compared to 11.53% of tweets with a bearish sentiment about USDC. 37.95% of tweets were neutral about USDC. These sentiments are based on 18697 tweets.
On Reddit, USDC was mentioned in 301 Reddit posts and there were 1137 comments about USDC. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.