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USDC USDC price today is $1.00 with a marketcap of $28.84 B. Its price is -0.11% down in last 24 hours.
What is a USDC?
USDC is a digital asset designed to be a stablecoin, pegged to the US Dollar. It was created by Centre, an open-source project founded by Circle and Coinbase in 2018. USDC is an Ethereum token that follows the ERC-20 standard, and it can be used to make payments for goods and services, traded on exchanges, and sent peer-to-peer. USD Coin is fully collateralised by USD held in a corresponding reserve account, allowing it to maintain its value relative to the US Dollar. What's more, all transactions are transparently monitored and audited on a regular basis giving users complete confidence in their funds. With USDC, you can make fast, secure, and low-cost payments anywhere in the world. What's more, USDC is becoming increasingly popular with businesses as it provides a simple and cost-effective way to manage their finances.
USDC is a fully collateralized US dollar stablecoin. USDC is the bridge between dollars and trading on cryptocurrency exchanges. The technology behind CENTRE makes it possible to exchange value between people, businesses and financial institutions just like email between mail services and texts between SMS providers. We believe by removing artificial economic borders; we can create a more inclusive global economy.
How does it work?
USD Coin is a type of stablecoin, pegged to the US Dollar on a 1:1 basis. It is an Ethereum-based token issued by regulated financial institutions, which guarantees that each coin will always be worth $1 USD. USD Coin can be used as a medium of exchange for central bank digital currencies, cryptocurrency, or other forms of digital money. It is a secure, transparent, and seamless way to move value across borders. How does USD Coin work? USDC is an ERC-20 token built on the Ethereum network. The tokens are issued by regulated financial institutions, such as banks, in exchange for fiat currency deposits held in their reserve accounts. Every USD Coin issued is fully collateralised by the same amount of US dollars held in an audited reserve account. The USD is then traded on cryptocurrency exchanges, allowing holders to convert them into other cryptocurrencies or cash out into their bank accounts. This process provides liquidity and stability within the crypto market while also ensuring that each USDC will always be worth exactly $1 USD. Additionally, as USDC is an ERC-20 token, it also benefits from the Ethereum blockchain's reliable decentralised infrastructure.
Ho to get USD coin?
Getting USD Coin is easy! All you need to do is create an Ethereum wallet and then find a trusted exchange where you can buy USD coins using your local currency. Once you have bought the USD Coin, it will be stored in your wallet. You can also use USD Coin to buy other cryptocurrencies, such as Bitcoin and Ethereum. If you already have an Ethereum wallet, many exchanges will let you purchase USDC directly in your wallet. You can also store it in the Coinbase Wallet app – a secure and free digital wallet where you can hold USDC, Bitcoin and more than 100 other crypto assets.
USD coin lives data.
USD Coin is a digital asset designed to represent the US Dollar and enable consistent pricing, measurable supply and global acceptance. USDC can be used as a stable currency for transactions on the Ethereum blockchain and other decentralised financial applications. The price of USDC is determined by market forces on open, decentralised exchanges and can fluctuate from day to day. It's important to stay up-to-date with the latest USD Coin price in order to ensure you get the best value for your transactions! That's why we've compiled live USD coin price data from popular exchanges so you can easily track and monitor USD Coin prices in real-time.