Bitcoin Halving

USD Coin

USDC

What is CoinDesk20?

The CoinDesk20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.

These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.

Price
$0.999039
24 Hour % Change
-0.09%
Market Cap
$2.74B
Volume (24h)
$690.02M
Linear
Log
to
1h12h1d1w1m3m1y
Key metrics
24 Hour Low
$0.998549
24 Hour High
$1.00
Net change
$-0.000892
24 Hour Open
$1.00
All time high
$1.17
Total Supply
2.74B
Returns (24H)
-0.03%
Returns (YTD)
-0.40%
Volatility (30d)
0.01
Transaction Count (24h)
34,929
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$843.26M

About USD Coin

Category
Stablecoin
Value proposition
Digital fiat

U.S. Dollar Coin, or USDC, is an Ethereum-based stablecoin launched in September, 2018. Its policies, including its technical and financial standards, are managed by a consortium called CENTRE, started by peer-to-peer payment company Circle and crypto exchange Coinbase. USDC represents fiat, or government money, on the blockchain. It is redeemable on a 1:1 basis for U.S. dollars, issued by regulated financial institutions and backed by fully reserved assets which are audited by accounting firm Grant Thornton LLP every month. USDC can be easily moved across various cryptocurrency exchanges and platforms quickly which makes it a tool used by traders as well as investors in developing markets looking for a stable blockchain-based asset.

Blockchain 101
Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.

Foundations - Consensus: Distributed