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USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit in circulation is backed by $1 that is held in reserve, in a mix of cash and short-term Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions. USD Coin's mantra is "digital money for the digital age" and is designed for a world where cashless transactions are becoming more common, say those behind it. The group says it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming, for example. It has two founding members, including Circle, a peer-to-peer payment services company and Coinbase, a cryptocurrency exchange. USDC and Circle announce major upgrade to its protocol and smart contract in 2020. USD Coin aims to make it easier for everyday payments, commerce and peer-to-peer transactions. ' Circle has stated a major accounting firm is tasked with verifying the levels of cash that are held in reserve, and ensuring this matches up with the number of tokens in circulation. Both Circle and Coinbase are also well-funded, giving the stablecoin certainty.
USD Coin (USDC) coin's current price is 0.9989USD. The last 24-hour trading volume of USD Coin is $175.96M. USDC price has decreased by -0.20% in the last 24 hours. It has a circulating supply of 8.74B coins, and the total market cap of USD Coin is $8.73B. Users can use Binance, Bitfinex, or other cryptocurrency exchanges to purchase USD Coin with USD utilizing their bank account and credit cards. Use the Aurox Terminal to purchase USD Coin across multiple exchanges, track and view USD Coin price charts, as well as utilize our proprietary signals and indicators to help you predict the market.
Feb 2, 08:00:07 PM | Muyao Shen
Buying in these stablecoins may foretell where the crypto market is going.
Feb 2, 07:00:05 PM | Cointelegraph By Andrey Shevchenko
The Stellar blockchain can be used to pay with USDC, the second-largest stablecoin.
Feb 2, 04:00:03 AM | Cointelegraph By Martin Young
USD Coin continues to capture stablecoin market share, with Tether’s stable token dominance falling below 75% for the first time ever.
Jan 27, 02:00:03 AM | Cointelegraph By Cyrus McNally
The result of developments in both crypto technology and regulation, Circle’s new USDC API provides a bridge between crypto and traditional finance.
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