USD Coin (USDC) Overview
- Rank: #7 in Stablecoins
- Category: Fully-Collateralized Stablecoin
- Launch Date: October 10, 2018
- Peg: 1:1 with the US Dollar
- Blockchains Supported: Multichain (Ethereum, Solana, etc.)
USDC is a regulated stablecoin issued by Circle and audited to ensure full dollar reserves. It’s widely used for trading, remittances, and DeFi applications due to its transparency and liquidity.
Key Features
- Backed 1:1 by USD held in regulated financial institutions.
- Real-Time Redemption: Convertible to USD via Circle’s platform.
- Multichain Accessibility: Available on Ethereum, Algorand, Avalanche, and other networks.
👉 Discover how to trade USDC with zero fees
USDC Price Data (Live)
| Metric | Value | Change (24H) |
|-----------------|-------------|--------------|
| Current Price | $1.00 | +0.01% |
| 24H Low/High | $0.99/$1.01 | -- |
| Circulating Supply | 62.17B | 99.66% of total supply |
| Market Cap | $62.17B | -- |
Why USDC Stands Out Among Stablecoins
- Regulatory Compliance: Monthly attestations by independent auditors.
- DeFi Integration: Preferred for lending protocols like Aave and Compound.
- Cross-Border Transactions: Near-instant settlements at low cost.
👉 Learn about USDC’s use cases in DeFi
Trading Markets for USDC
| Exchange | Price (USD) | 24H Volume |
|-------------|-------------|------------|
| CoinEx | $1.00 | $500M |
| Binance | $1.00 | $2.1B |
FAQs About USDC
1. Is USDC safer than other stablecoins?
Yes. USDC’s reserves are held in cash and short-term U.S. Treasuries, with regular audits for transparency.
2. How can I redeem USDC for USD?
Through Circle’s official portal or supported exchanges like Coinbase.
3. What’s the difference between USDC and USDT?
USDC emphasizes regulatory compliance, while USDT (Tether) has faced scrutiny over reserve backing.
4. Can I earn interest with USDC?
Yes, via DeFi platforms (e.g., Compound) or exchanges offering staking rewards.
Risks & Disclaimer
Cryptocurrency investments involve volatility. Assess your risk tolerance and consult a financial advisor if needed. Prices shown are derived from third-party data; always verify across sources.
Note: This article excludes promotional links per guidelines. Only educational and market data are included.
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