USD Coin priceUSDC

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USDC price live data

The current price of USD Coin is --, with a 24-hour trading volume of --. In the last 24 hours, the price of USD Coin increased by 0.07%. With a circulating supply of 51,030,966,887 USDC, USD Coin's fully diluted market cap stands at --. Currently, USD Coin ranks No.4 by market cap. The USDC to price is updated in real-time.

USD Coin market information

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51,030,966,887 USDC
Market cap at circulating supply

About USD Coin (USDC)

USD Coin (USDC) is an open source and smart contract-based stablecoin issued by an international fintech firm called Circle and the US-based cryptocurrency exchange named Coinbase. Together they constitute the Centre Consortium which is responsible for the generation and redemption of all USDC tokens.

Launched in October 2018, USDC is fiat-collateralized and is pegged to the US Dollar at a 1:1 ratio. This is possible because USDC is backed by actual US Dollars and cash equivalents, with approximately 21 percent backed by cash and the rest by short-dated US treasuries.

Centre believes that true financial interoperability between crypto and fiat currencies is possible only if there's a price-stable means of value exchange between the two.

Another important reason behind the creation of USDC was to fulfill the dire need for a fiat-collateralized stablecoin in the industry that was more transparent, both financially and operationally, and had stronger governance features than its counterparts.

The stablecoin is currently issued on multiple blockchains, including Ethereum (ERC-20 format), Tron (TRC-20 format), Algorand (ASA format), Avalanche (ERC-20 format), Flow (FT format), Stellar (as a Stellar asset), Solana (SPL format) and Hedera (SDK format).

Considering the wide range of blockchain networks that USDC resides on, users must be extra careful while sending or receiving the token.

Being one of the most popular USD-pegged stablecoins, USDC finds widespread application as a value storage medium during volatile market conditions. Hence, many traders move their crypto allocations to USDC to avoid the impact of abrupt price changes. This is another reason USDC's demand increases considerably during the crypto market's bearish phases.

USDC is also commonly used by many exchange platforms for on-ramping new entrants in the crypto industry and is widely accepted as payment for goods and services in online and offline markets.

As the USDC coin resides on multiple prominent blockchains, including on Ethereum (as an ERC-20 token), it can be seamlessly used in any decentralized apps (DApps) running on these networks, including in popular games where users can easily purchase in-game assets with their USDC tokens.

USDC tokens have also increasingly been used in remittance transfers. Global brands like Bitso and MoneyGram have tied up with USDC to facilitate easy, seamless, and almost-instant remittances for their customers to different parts of the world, including Africa, Asia, Europe, and Latin America.

Users can use their idle USDC tokens by lending them to others on various DeFi platforms and earn passive income. This can be easily done through OKX Earn.

USDC tokens can only be issued by licensed and regulated financial institutions that maintain full cash reserves equal to their circulating supply and regularly report their USD reserve holdings to independent agencies.

USDC price and tokenomics

Like most of its peers, USDC is issued on demand and doesn't have a cap on its maximum supply. The number of USDC tokens in circulation changes based on how many are issued and burnt by commercial issuers.

All USDC that exists is currently in circulation, and USDC is the fourth largest cryptocurrency by market capitalization behind only Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

New USDC coins can be issued directly by Centre to buyers at a 1:1 ratio to the dollar whenever necessary. So, for example, if a buyer wants to buy $15 million worth of USDC, Centre can immediately mint 15 million new USDC for the buyer.

Likewise, if a user with 15 million USDC wants to redeem them for US Dollars, Centre pays them $15 million and destroys their 15 million USDC tokens, thereby removing them from circulation.

About the founders

USDC was founded in 2018 by Centre, an independent member-based consortium that comprises P2P services company Circle and the cryptocurrency exchange Coinbase.

It was created to provide a layer of trust and transparency to the stablecoin industry. USDC allows users to operate with confidence and security in the crypto market, knowing that each unit of their USDC holdings can be redeemed for 1 USD whenever they wish.

Unlike most other crypto and stablecoin projects, Circle and Coinbase are fully regulated by leading US authorities. This has helped USDC's cause and helped pave the way for the stablecoin's international expansion.

Learn more about USD Coin (USDC)

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What is USD Coin?
USD Coin (USDC) is a stablecoin issued by Centre, a joint venture between fintech company Circle and cryptocurrency marketplace Coinbase. USD Coin is designed to be a stable crypto asset, always maintaining the same value relative to the dollar.
Where can I buy USDC?

You can buy USDC from the OKX exchange. OKX offers numerous trading pairs for USDC, with the most popular ones including USDC/USDT and BTC/USDC trading pairs. Alternatively, you can buy USDC directly with fiat or convert your crypto to USDC.

Before you begin trading with OKX, you need to create an account. To buy USDC with your preferred fiat, click "Buy with card" under "Buy Crypto" on the top navigation bar. To trade USDC/USDT or BTC/USDC, click "Basic Trading" under "Trade." Under the same tab, click "Convert" to convert crypto to USDC.

Alternatively, visit our new OKX Crypto Calculator. Select USDC and the desired fiat that you would like to convert to view the estimated live conversion price.

Is USDC a good investment?

At OKX, we advise you to research any cryptocurrency before investing objectively. Cryptocurrency is deemed a high-risk asset and prone to sharp price movements. Therefore, we ask that you only invest what you are willing to lose.

Furthermore, like all cryptocurrencies, USDC is volatile and carries investment risks. Therefore, before investing, you should do your own research (DYOR) and evaluate your risk appetite before proceeding.

How is USDC secured?
USDC is safeguarded by the security features of the blockchain on which the token was issued. So, if your token was issued as an ERC-20 token on Ethereum, it would be secured by all of Ethereum's inherent security features.
Will each of my USDC tokens always stay equal to 1 USD?
Yes. Each unit of circulating USDC is backed by 1 USD of cash reserve and short-term US treasuries. Additionally, these backing assets are maintained in the safe custody of established and leading financial institutions.