USD Coin USD Coin Stocks, USD price, market cap

Stocks

24 hour USD price graph

USD Coin 24 hours USD price graph

7 day USD price graph

USD Coin 7 day USD price graph

Last month USD price graph

USD Coin last month USD price graph

Lasts 3 months USD price graph

USD Coin lasts 3 months USD price graph

SymbolUSDC Rank5 Price USD1.000053 Market Cap USD43,308,711,458 24H volume USD2,720,429,256 Circulating Supply43,306,384,427 Total Supply43,306,384,427 % last hour 0.0017 % last 24 hours -0.0044 % last seven days -0.017  

 

News
2022-11-23
Tether vs. USD Coin on-chain data reveals two very different stablecoins Demand for Tether tokens has dropped amid the FTX-led crypto market meltdown. USD Coin supply, on the other hand, is surging.
2022-11-21
Economist Schiff Predicts Stablecoin Value Will Exceed BTC Value By CoinEdition Economist Schiff Predicts Stablecoin Value Will Exceed BTC Value
2022-11-20
USD Coin (USDC): Does it Score Poorly on Long-Term Trading Metrics Sunday? USD Coin (USDC): Does it Score Poorly on Long-Term Trading Metrics Sunday?
2022-11-19
Is USD Coin (USDC) Worth the Risk Saturday? Is USD Coin (USDC) Worth the Risk Saturday?
2022-11-17
Crypto Investors Shun Tether For USD Coin During Periods Of Market Turmoil USDC has once again gained on USDT with a life from investor angst but history indicates that its momentum may not last.
2022-11-17
USD Coin (USDC) Rises 0.02% Thursday: What's Next for This Bearish Rated Crypto? USD Coin (USDC) Rises 0.02% Thursday: What's Next for This Bearish Rated Crypto?
2022-11-17
USD Coin (USDC) Rises 0.02% Thursday: What's Next for This Bearish Rated Crypto? USD Coin (USDC) Rises 0.02% Thursday: What's Next for This Bearish Rated Crypto?

 

More News +

 

Videos
USD Coin Can You Really Trust USDC?
USD Coin Can You Really Trust USDC?
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United States Developing USD Coin!? quot 1 000 000 Bitcoin in 2020 quot
What is USD Coin USDC - Explained
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Storm play app Earn Free Crypto Storm coin token
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TOP 5 COINS TO BE A MILLIONAIRE IN 2 YEARS!! Must Watch
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Coinbase Launches USDC Stablecoin
Coinbase Launches USDC Stablecoin
CUAL ES LA MEJOR STABLECOIN ALTERNATIVA A TETHER USD COIN
CUAL ES LA MEJOR STABLECOIN ALTERNATIVA A TETHER USD COIN
Circle 39 s USD-Coin and what is crypto trying to achieve?
Circle 39 s USD-Coin and what is crypto trying to achieve?
USD COIN ON CIRCLE APP The Gentlemen of Crypto
USD COIN ON CIRCLE APP The Gentlemen of Crypto
What is a Stablecoin? Most Comprehensive Video Guide
What is a Stablecoin? Most Comprehensive Video Guide

 

Wiki
USD Coin (USDC) is a digital stablecoin that is pegged to the United States dollar and runs on the Ethereum, Stellar, Algorand, and Solana blockchains. USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain, an investor in Circle.Circle claims that each USDC is backed by a dollar held in reserve. USDC reserves are regularly attested (but not audited) by Grant Thornton, LLP, and the monthly attestations can be found on the Centre Consortium's website.USDC was first announced on the 15th of May 2018 by Circle, and was launched in September of 2018.On March 29, 2021, Visa announced that it would allow the use of USDC to settle transactions on its payment network.As of June 2021, 23 billion USDC are in circulation.

 

Hello and welcome to SwapSpace exchange tutorial! In this video you will

Know how to exchange USDC to Ether with our service in just a few easy steps.

On SwapSpace homepage choose the currency you are willing to swap in the You send section.

Pick it in the drop-down list or use the search bar.

Just start printing the name or ticker of the cryptocurrency.

Next enter the number of coins you want to exchange.

Now select Ether in You get section.

You can also use the search bar.

You will instantly see the approximate amount of ETH you will receive.

Be sure that you are not sending the amount less than the minimum one cause there is a minimum amount for every exchange.

After that press the View offers button.

On this stage you'll see the list of exchange services that provide the USDC to ETH swaps.

On SwapSpace you may choose between fixed and floating exchange rates.

Choose the variant you like the most and click the Exchange button.

We will go for the best rate option.

On Step 2 enter the recipient ETH address where you would like to see your Ether.

Check the information carefully and sure that everything is correct.

Transactions are irreversible and you can't get money back.

If everything is fine hit the Next button and you will be directed to the next page.

On step 3 you need to send the specified amount of USDC to the address you will see on the screen.

You can use the QR-code to it faster.

At this step the exchange status is Awaiting payment.

It means that we are waiting for your deposit.

After we have received your crypto deposit the status changes to Payment received processing which means that your cryptocurrency is being processed.

Use the Swap Tracker to check the exchange status.

After our system has sent you the ETH the transaction status shifts to Completed.

You receive your transaction hash and can see your coins in the wallet.

And that's it! Now you've learned how to swap USDC to Ether in fast and easy way.

Don't forget to leave a review on Trustpilot! Thanks for watching and hope to see you on SwapSpace!





What is a stablecoin What is it used for How are stablecoins created and

Are they really a good idea Well stick around in this episode of Crypto whiteboard Tuesday we’ll answer these questions and more.

Hi I’m Nate Martin from 99Bitcoins.com and welcome to Crypto Whiteboard Tuesday where we take complex cryptocurrency topics break them down and translate them into plain English.

Before we begin don’t forget to subscribe to the channel and click the bell so you’ll immediately get notified when a new video comes out.

Today’s topic is stablecoins.

Most cryptocurrencies were meant to serve as a medium of exchange and not just a store of value.

The problem is that due to their relatively small market cap even popular cryptocurrencies like Bitcoin tend to experience wide fluctuations in price.

Usually the smaller a market cap an asset has the more volatile its price will be.

Imagine throwing a rock into a small pond.

Now take the same rock and throw it into the ocean.

Clearly the rock will have much more of an effect on the pond than on the ocean.

In the same manner the cryptocurrency market cap is a small pond for now and is more affected by everyday buy and sell orders than say for example the US Dollar.

This creates a major issue since you can’t enjoy the benefits of cryptocurrencies which include the decentralization of money and a “Free for all” payment system without the value volatility that accompanies it.

Imagine how hard it is to use Bitcoin or any other cryptocurrency for day to day transactions and trading purposes when one day it's worth X and the next day it’s worth half of that.

Just think what it feels like to be the guy who bought 2 pizzas for 10K Bitcoins 8 years ago...

That’s exactly where stablecoins come in.

Simply put stablecoins are an attempt to create a cryptocurrency that isn’t volatile.

A stablecoin’s value is pegged to a real world currency also known as fiat currency.

For example the Stablecoin known as Tether or USDT is worth 1 US dollar and is expected to maintain this peg no matter what.

Stablecoins allow for the convenience of cryptocurrency which means fast settlement and fewer regulatory hurdles along with the stability of fiat currencies.

Like most coins the most obvious use case would be to use them as a medium of exchange for day to day purchases.

But since these coins aren’t very popular at the moment no one really accepts them as a payment method.

So the main usage of stablecoins today is actually on cryptocurrency exchanges.

Using stablecoins traders can trade volatile cryptocurrencies for stable cryptocurrencies when they want to lower their risk.

For example if I’m invested in Bitcoin and I don’t want to risk the price of Bitcoin falling against the US dollar I can just exchange my Bitcoins for USDT and retain my dollar value.

Once I want to “get back into the game” and hold Bitcoins I can just exchange my USDT back to BTC.

This method is extremely popular with crypto-only exchanges that don’t supply their users with the option to exchange Bitcoin for fiat currencies due to regulation.

Another great advantage of stablecoins is that you can move funds between exchanges relatively quickly since Crypto transactions are faster and cheaper than fiat transactions.

The option for such a fast settlement between exchanges makes arbitraging more convenient and closes the price gaps that you usually see between Bitcoin exchanges.

So for now stablecoins are more of a utility coin for traders than an actual medium of exchange.

But how are they made possible What keeps their price from the volatility that other cryptocurrencies experience Well there are several ways a company can try and maintain its stablecoin’s peg to a fiat currency.

The first way to maintain a peg is by creating trust that the coin is actually worth what it is pegged to.

For example if the market doesn’t believe that one USDT is really worth one dollar people will immediately dump all of their USDT and the price will crash.

In order to maintain this trust the company backs its coins with some sort of asset.

This collateral is basically proof that the company is good for its word and that its coins should actually be worth the pegged amount.

For example in Tether’s case each USDT is said to be backed by an actual US dollar that Tether holds as collateral.

A different example for collateral is the DGX token that is said to be backed by gold.

Another version of a collateralized stable coin is one that is backed by one or more cryptocurrencies.

This form of collateral is much easier to audit since a company’s balance can be viewed on the blockchain.

The second way to maintain a peg is by manipulating the coin supply on the market also known as an algorithmic peg.

An algorithmic peg means the company writes a set of rules also known as a smart contract that increases or decreases the amount of a stablecoin in circulation depending on the coin’s price.

Let me explain.

Imagine we have a stablecoin that is pegged to the US dollar through an algorithmic peg.

Assuming a lot of people were to start buying the coin its price would rise and the peg will be broken.

To prevent this from happening new coins are issued.

This increase in supply alleviates the price pressure created by the demand and maintains the coin’s value.

If on the other hand many people start selling the coin coins are removed from the overall supply in order to hold the price peg to one US dollar.

To be clear algorithmically pegged stablecoins don’t hold any assets as collateral.

The smart contract that manages the coin acts as a central bank.

It tries to manipulate the price back to the peg by changing the money supply.

There are pros and cons for each pegging method.

Fiat collateralized pegs transmit the highest degree of certainty to stablecoin holders that the coin is indeed worth the asset it is backed by.

However fiat collateralized pegs have some major cons.

For one from the company’s standpoint the asset is frozen and can’t be used for anything else.

Also there’s always the risk of embezzlement or the closing of the company’s bank account which can ruin the trust in the stablecoin.

Another issue with fiat collateralized stablecoins is that it’s hard to actually prove the company owns enough of the asset to really back the amount of coins in circulation.

Tether for example has suffered severe criticism and audit requests from skeptics claiming the company doesn’t have enough collateral to back the USDT in circulation.

Crypto collateralized coins on the other hand may have the benefit of viewing the collateral on the blockchain but the collateral itself is extremely volatile.

That’s why a premium is needed.

In many cases that company will hold 150% or even more of the collateral needed to up for possible drops in cryptocurrency prices.

Algorithmic pegging benefits from the fact that the company doesn’t need to hold any asset on hand.

However many will argue that algorithmic pegging theory doesn’t really work in real life since manipulating the money supply isn’t a guarantee the peg will hold.

With all of the complexities in maintaining a stablecoin’s peg you might be wondering what’s the incentive to create a stablecoin in the first place What’s the business model Well for each company there’s a different incentive.

Some companies can charge a fee for trading their coin.

Other companies use their stablecoin as a marketing channel to raise awareness to the company and other services it offers.

Houbi Gemini Coinbase and Circle are exchanges that have created their own stablecoins in order to attract more users to their trading platforms and allow easier transition of funds within and between exchanges.

Let's take a moment to go over some examples of the more popular stablecoins in use today.

USDT or USD Tether which I’ve already mentioned is a fiat collateralized stablecoin that is pegged to the US dollar.

The coin was created by the company Tether and has remained relatively stable since its introduction in 2015.

TUSD not to be confused with USDT stands for TrueUSD and is a relatively new fiat collateralized stablecoin that attempts to address the criticism directed at Tether.

Collateral U.S Dollars are held in the bank accounts of multiple trust companies.

These bank accounts are published every day and are subject to monthly audits.

GUSD also known as Gemini USD is a fiat collateralized stablecoin issued by the popular crypto exchange Gemini which was established by the Winklevoss brothers.

According to Gemini GUSD is the first regulated stablecoin in the world.

USDC which stands for USD Coin is a fiat collateralized stablecoin issued by Circle and Coinbase.

And finally DAI is a stablecoin created by MakerDAO that is crypto collateralized.

There’s a lot of criticism going on about the creation of stablecoins.

The most common one is related to the inability of actually maintaining the peg in the long run.

This could be due to any one of the reasons I’ve mentioned before.

On top of that a quick look at history tells us that all pegged-currencies are doomed to fail due to the cost of maintaining them especially when that peg comes under attack.

Some well-known examples where pegs were broken are the Swiss Franc peg to the Euro in 2015 the Chinese Yuan to the US dollar in 2005 the Thai Bhat peg to the US dollar in 1997 and the most famous of them all the gold standard - pegging the US dollar to gold in 1971.

But the bigger question here is the issue of governance.

Stablecoins are considered by many to be centralized due to the fact that there is a company behind them that maintains the peg whether it be algorithmic or collateralized.

Therefore stablecoins aren’t really cryptocurrencies in the sense that they aren’t decentralized.

Another issue is that stablecoins seem to be providing a solution to something that is just a growing pain and not a constant problem.

Once cryptocurrencies achieve a higher market cap their volatility will reduce dramatically and there will be no real use for stablecoins.

Stablecoins are trying to get the best of both worlds - the stability of an established currency with a large market AND the flexibility of a decentralized free for all cryptocurrency.

The problem is that they also get the worst of both worlds A centralized coin with a sort of central bank controlling it and a questionable ability to maintain the public’s trust in it.

Finally there’s the question of regulation - Will regulators allow companies to create an asset that mimics legal tender without any oversight One example for such an issue is Basis.

An algorithmically pegged stablecoin that raised over $130m for its project just to shut down due to regulatory issues not so long ago.

It seems like stablecoins are some sort of a temporary utility for exchanges allowing traders a haven out of volatility without needing to supply them with a regulated fiat option.

In the long run it’s hard to be sure how or whether these coins will have a place in the crypto ecosystem especially with so many question marks surrounding them.

Well that’s it for today’s episode of Crypto Whiteboard Tuesday.

Hopefully by now you understand what Stablecoins are and how they work - A type of cryptocurrency that is pegged to the value of a less volatile asset usually the US dollar.

You may still have some questions.

If so just leave them in the comment section below.

And if you’re watching this video on YouTube and enjoy what you’ve seen don’t forget to hit the like button.

Then sure to subscribe to the channel and click that bell so that you’ll be notified as soon as we post new episodes.

Thanks for joining me here at the Whiteboard.

For 99Bitcoins.com I’m Nate Martin and I’ll see you… in a bit.





(upbeat electronic music) - We're launching support for a new stable

Coin called USD coin.

We call it a stable coin because one USD coin can reliably and stably be exchanged for exactly one US dollar.

- A stable coin is a cryptocurrency that is created for the purpose of having a stable value.

You can think of it as a digital programmable dollar.

One of the biggest blockers to owning and using crypto today is that the prices are fluctuating so much we don't know what the price might be tomorrow.

With a USDC stable coin if I want to give 20 dollars or 20 USDC to my friend I know that that value will 20 dollars tomorrow.

- So the benefits of a stable coin is that it merges the benefits of the dollar which is the current global reserve currency with the benefits of the blockchain which means 24/7 access fast transfers programmability and the ability to send both macro and micro payments.

- We're taking an ecosystem first approach.

We are a founding member of a groundbreaking consortium with Circle.

We're really excited.

- There are different ways to keep a stable coin stable in price.

We choose the simplest approach which is simply keep a single US dollar on reserve and on hand for USD coin that's outstanding.

- The whole point of what we're doing is to bring us more into this utility phase where crypto can be useful on a daily basis.

- This gets us closer to a more open financial system because moving money around today can be surprisingly hard especially when you're building new financial products and apps.

We think that a stable coin can be to the financial system what the iPhone was to mobile.

Namely an innovation that makes an entire system more programmable and hence more useful.

- This is just the tip of the iceberg honestly.

These are just the things we can think about right in the near future.

The reality is is that we have no idea how stable coins are going to be used in the next five to ten years.

And that's actually what totally excites us.

(relaxing electronic music)





Welcome to unblocking the blockchain

My name is Jonathan Dunkerley and today we're going to talk about how to buy dunk coin with USD C.

So first we're gonna need to go to the exchange which is exchange.socialconnector.io and then go to the swap channel you're going to need to have a Solana wallet with USDC in that wallet.

If you don't have either of these yet I made a video on how to buy USDC as well as a video on how to install the Phantom browser which is my first choice for Solana wallet and I will drop a link to those videos in the description of this video.

So once on the swap channel you're going to want to connect your Solana wallet.

Again I have the Phantom wallet and I'm going to click Connect wallet and I'm gonna click phantom wallet since I have the Phantom wallet in my wallet was connected.

Then I'm going to click select coin and either scroll down to USDC or type in USDC in the filter and then click USDC.

Then under for estimated I'm going to click select coin and then select dunk.

I can either scroll to it or type it in here and click dunk and I have just shy of $50 in USDC in my Solana wallet and I'm just going to do that whole entire $50 Just keep in mind you will need to have a little bit of Solana in your wallet to pay the gas fees.

So I'm gonna go ahead and just do $49.40.

And $9 will give me 113.0026 Dunk coin.

When you're ready hit swap then you will get a pop up to approve the transaction.

This is a new pairing so there is a warning and there'll be a small gas fee.

When you're ready hit approve and the swap was successfully executed.

You can view the transaction on the blockchain and in your Solana wallet you can see that USDC was swapped into Gary and then if you go over to the Gary coin you can see that Gary coin it was swapped automatically into Duncan coin and that is how you buy dunk coin with USDC in your Solana wallet.

If you got value out of this video be sure that you watch one of these videos Next be sure to join the community and jump into the dunk coin discord at dunk coin dot club and I will see you in the next one.





Remember that cryptocurrencies are  associated with a high degree of risk  

So it goes without saying that you  should do your homework before investing.

The price of TerraUSD (UST) crypto rose over 40  per cent on 12 May and it was trading at US$   0.608 per token according to CoinMarketCap data.  The one-day volume of the UST stablecoin climbed   1.4 per cent to US$ 5.5 billion and its market  capitalization increased to US$ 7.3 billion.   TerraUSD drew criticism from crypto market  analysts worldwide after its price had crashed   to 30 cents on May 11.

Stablecoins are supposed   to maintain their value as they are pegged  to the value of traditional assets like the   US dollar.

When the turbulence increases in the  markets traders often flock to stable coins as   they can act as a medium of exchange to move  funds around and speculate on other virtual   currencies.

The 'so-called' UST stablecoin  slipped below its 1 1 peg to the US dollar   and many blamed TerraUSD for the further  fall of the cryptocurrency market.

TerraUSD   has been recovering as its value increased.  Let's find out what it means for investors.

So why was TerraUSD rising Unlike most stablecoins TerraUSD is not backed  by assets but its value is governed through an   algorithmic process and it is paired with  another token named LUNA.

On May 11 LUNA crypto   had slumped to over 90 per cent and later it was  down by 97 per cent and trading at US$ 0.03445.   TerraUSD could be rising due to the announcement  of a recovery plan from Do Kwon co-founder of   Terraform Labs which is the company behind the  stablecoin and LUNA crypto.

In a series of tweets   Mr Kwon explained that Terraform Labs is seeking  outside investment to rebuild the value of the UST   coin.

The company will also introduce a  formal proposal made by holders of the   UST coin to increase the minting capacity or  create new LUNA coins to absorb the stablecoin   quickly.

If TerraUSD reaches its value it could  help investors regain their lost confidence.   Many are already blaming the stablecoin  for the fall of Bitcoin and altcoins.

On May 12 the crypto market crashed massively  and its market cap had reduced to US$ 1.2 trillion   it had decreased 13 per cent on May 11.  TerraUSD has been currently trading at US$0.1742   down by 3.35%.

As there's so much  uncertainty in the crypto market   one should assess their risk capacity  before buying any cryptocurrency.





Values of USD Coin, Symbol, Rank, Price USD, Price BTC, Volume USD, Market Cap USD, Available Supply, Total Supply, % last hour, % last 24 hours,% last seven days.