Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
USD Coin (USDC) is the 5th largest cryptocurrency in the world by market cap, valued at $42,297,226,892. The current price of USD Coin is $1, which is 0.010% higher than yesterday. Prices have ranged between $1.016 and $0.99709 over the past 24 hours. All prices are listed in US dollars and accurate as of February 01, 2023 12:02 UTC.
USDC is a digital stablecoin pegged to the value of the US dollar. To maintain its fiat-peg, the cryptocurrency is backed by fully reserved USD assets with an exchange rate of 1:1.
One USDC should be equal to one real US dollar.
Launched in 2018, the stablecoin was created by Circle, a crypto finance company owned by Centre, with accompanying support from Coinbase. The token was originally built on the Ethereum blockchain, and as such was developed as an ERC20 token. However, it has now expanded to the Solana and Algorand blockchains. The parent company, Centre, is regulated by the Money Services Business and FinCEN in the US, with regular auditing taking place.
USDC can be traded and exchanged like any other cryptocurrency. Instead of cryptocurrency investors transferring funds back into fiat currency, Circle states that USDC allows users to transfer assets to a stablecoin that offers a 1:1 relationship with the US dollar. Stablecoins aim to be a calmer entry and exit platform to the sometimes volatile world of cryptocurrencies.
![Why SushiSwap’s [SUSHI] 2023 revenue has potential to floor 2022](https://images.cryptocompare.com/news/default/ambcrypto.png)
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
This guide provides step-by-step instructions on how to buy Aptos, lists some exchanges where you can get it and provides daily price data on APT.
This guide provides step-by-step instructions on how to buy Aptos, lists some exchanges where you can get it and provides daily price data on APT.
This guide provides step-by-step instructions on how to buy EthereumPoW, lists some exchanges where you can get it and provides daily price data on ETHW.
This guide provides step-by-step instructions on how to buy Coinbase Wrapped Staked ETH, lists some exchanges where you can get it and provides daily price data on CBETH.
This guide provides step-by-step instructions on how to buy EthereumPoW, lists some exchanges where you can get it and provides daily price data on ETHW.
This guide provides step-by-step instructions on how to buy Coinbase Wrapped Staked ETH, lists some exchanges where you can get it and provides daily price data on CBETH.
This guide provides step-by-step instructions on how to buy Optimism, lists some exchanges where you can get it and provides daily price data on OP.
This guide provides step-by-step instructions on how to buy Efinity, lists some exchanges where you can get it and provides daily price data on EFI.
This guide provides step-by-step instructions on how to buy Threshold Network, lists some exchanges where you can get it and provides daily price data on T.
This guide provides step-by-step instructions on how to buy UltraSafe, lists some exchanges where you can get it and provides daily price data on ULTRA.
