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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 0.9991USD. The last 24-hour trading volume of USD Coin is $328.62M. USDC price has decreased by -0.10% in the last 24 hours. It has a circulating supply of 14.38B coins, and the total market cap of USD Coin is $14.37B. 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.
Apr 30, 03:00:03 PM | Cointelegraph By Greg Thomson
The $3 billion USDC influx puts the total supply of the stablecoin at around $14,4 billion, reaching over a quarter of Tether's market cap.
Apr 13, 03:00:05 AM | Cointelegraph By Martin Young
The three largest stablecoins represent a combined capitalization of $60 billion.
Apr 7, 05:00:03 AM | Cointelegraph By Martin Young
USDC has seen huge growth and is gaining fast on Tether, the king of the stablecoins.
Mar 29, 01:00:12 PM | Jamie Redman
On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated...