USDC
USDC

USD Coin price

Top market cap
$0.99990
+$0
(+0.00%)
Price change from 00:00 UTC until now
USDUSD

USD Coin market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
$61.26B
Circulating supply
61,266,524,976 USDC
99.99% of
61,267,117,236 USDC
Market cap ranking
6
Audits
CertiK
Last audit: Jun 1, 2020, (UTC+8)
24h high
$1.0000
24h low
$0.99970
All-time high
$1.0400
-3.86% (-$0.04010)
Last updated: May 19, 2021, (UTC+8)
All-time low
$0.87450
+14.33% (+$0.12540)
Last updated: Mar 11, 2023, (UTC+8)
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The following content is sourced from .
DaDa | 蓝鸟会🕊️
DaDa | 蓝鸟会🕊️
[The core of Spark's design is to make "interest" natively composable] In Spark's design, borrowing is just the appearance, and interest is the core. The question Spark wants to solve is not "how much can I borrow?" but "how do I build a sustainable, composable, and callable interest rate engine on-chain?" ” 1. Spark is not a platform, but an on-chain interest system Spark's product modules look simple, but in fact they are designed with three layers: (1) Savings module: Users can deposit USDC or DAI into the savings pool and get an annualized interest rate of about 4.5%, and the interest comes from DSR + protocol scheduling. (2) Lending module: Support staking of blue-chip assets such as ETH, stETH, cbETH, rETH, wstETH, etc., and lend Spark's own stablecoin USDS. (3) Spark Liquidity Layer: The protocol will automatically deploy part of the liquidity to external protocols such as Aave and Velodrome to improve the utilization rate of funds and compound returns. These three parts work together to form an underlying system of "on-chain spread bank": the pool can generate interest margins, and Spark autonomously dispatches this part of the value, and determines the distribution path through governance. Second, interest becomes a composable module, which is the core innovation of Spark In traditional DeFi protocols, interest is a passive by-product that is the result of matching supply and demand in the market. In Spark, interest is the core asset that can be designed, encapsulated, scheduled, and redistributed: (1) Income encapsulation: Users obtain income assets such as sUSDC and sDAI, without additional pledge or conversion, and the income is automatically accumulated. (2) Module scheduling: Spark DAO can adjust interest rate sources (such as DSR), scheduling strategies, and risk exposure. (3) Compound interest in the system: Users can repatriate funds by "lending USDS → and depositing them into the savings pool" to enhance personal income and system stickiness. (4) Governance binding: SPK tokens can be used to participate in the governance and revenue sharing of these funding paths in the future. In other words, Spark turns "interest" from a by-product of DeFi into a native unit of protocol design. 3. Summary: The essence of Spark is a set of interest programming systems What Spark wants to build is not a "super lending platform" on a certain chain, but: (1) a native interest rate generation engine; (2) a modular and combinable set of revenue tools; (3) A system that makes interest circulable, shareable, and governed. Its product structure is not to make TVL rankings, but to build a "on-chain bank-type" long-term financial order - this is what sets Spark apart. @sparkdotfi @cookiedotfun #Spark #SparkFinance #COOKIE
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1.06K
0
Jon Ma
Jon Ma
Circle keeps getting crazier now ~$65B. In comparison - Robinhood ~$69B, $1.3B of net income, 51.5x NI - Coinbase is ~$78B, $2B of net income, 37.3x NI - Circle is ~$65B, $259M of net income, 216x NI Circle now trades for: - 24.2x Q1'25 revenue run rate - 60.7x Q1'25 gross profit run rate - 216x Q1'25 net income run rate. Investors clearly want stablecoin bets.
Jon Ma
Jon Ma
Circle is currently valued at $55B enterprise value. That implies on 2025 numbers: - 58.1x Gross Profit. - 125.2x EBITDA - 163.7x Net Income I added Circle Payment Network as a revenue line item - $570b+ B2B Payment Volume in 2029 - 20% of volume goes to CPN - 0.10% of take rate to CPN revenue Updated stablecoin growth assumptions - Stablecoin supply growing 30% YoY in 2029 to $1.2T - USDC takes 28.50% of marketshare - USDC is $370B growing 32% YoY - Distribution costs stay flat at 65% versus going to 70% Where I end up in 2029: - $9B revenue growing 25% YoY - 35% Gross Margins - $3.1B gross profit growing 26% YoY - $2.4B EBITDA growing 32% YoY Not a lot of upside in the current model.
3.66K
0
Jevgenijs Kazanins
Jevgenijs Kazanins
And…the duck found a new home thanks to the Coinbase Commerce Payments Protocol! $COIN
Jevgenijs Kazanins
Jevgenijs Kazanins
Does anyone want a Shopify Duck? 😀 Need a U.S. address to test a USDC payment on the Coinbase Commerce Payments Protocol. First thought of sending it to the @base team, but couldn't figure out if Coinbase has a physical office.
4.82K
6
Tint Blorm 🫟
Tint Blorm 🫟
Imagine being able to use your USDC to buy 1B+ products on Amazon. Sign up below to get access when available.
4.81K
0
⁵⁄₉
⁵⁄₉
performance art to transfer 31709.79 USDC between 2 smart contracts every second to make the world's 1st 0-person $1 trillion ARR company
4.61K
6

Convert USD to USDC

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USDCUSDC

USD Coin price performance in USD

The current price of USD Coin is $0.99990. Since 00:00 UTC, USD Coin has increased by +0.00%. It currently has a circulating supply of 61,266,524,976 USDC and a maximum supply of 61,267,117,236 USDC, giving it a fully diluted market cap of $61.26B. At present, USD Coin holds the 6 position in market cap rankings. The USD Coin/USD price is updated in real-time.
Today
+$0
+0.00%
7 days
+$0.00040000
+0.04%
30 days
+$0.00030000
+0.03%
3 months
-$0.00030
-0.03%

About USD Coin (USDC)

4.1/5
CyberScope
4.4
04/16/2025
TokenInsight
3.7
11/07/2024
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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    About third-party websites
    By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.

USD Coin (USDC) is an open-source smart contract-based stablecoin issued by an international fintech firm called Circle and the US-based cryptocurrency exchange, Coinbase. Together they make up the Centre Consortium, responsible for generating and redeeming 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 a mix of cash, cash equivalents, and short-term US Treasury bonds backs USDC. Approximately 10 percent of USDC reserves are held in cash and cash equivalents, with the remainder in short-term US Treasury bonds.

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. USDC was created to address the need for a fiat-backed stablecoin that is transparent and secure, which was lacking in the market at the time.

Its creators, Circle and Coinbase, wanted to offer a stablecoin backed by real-world assets, audited regularly, and provide high transparency and governance. USDC was designed to be more transparent financially and operationally than other stablecoins in the market, which would help build trust and encourage greater adoption.

Grant Thornton is an independent accounting firm that conducts monthly attestations on the USDC stablecoin. The firm provides independent verification of the reserves backing USDC and ensures that they are held in a manner consistent with the Centre Consortium reserve policy.

Jeremy Allaire, the CEO of Circle, has emphasized the importance of transparency and accountability in the operation of USDC, and the involvement of Grant Thornton is a key component of that effort. USDC's commitment to transparency, backed by the independent verification provided by Grant Thornton, provides greater confidence and trust for users looking to buy a stablecoin.

How does USDC work

USDC is built on the Ethereum blockchain, a decentralized platform that enables the creation of smart contracts and decentralized applications (dApps). USDC is an ERC-20 token compatible with any Ethereum wallet or exchange supporting ERC-20 tokens. The technology behind USDC is designed to provide stability and reliability for users, making it a popular choice for cryptocurrency traders.

Each USDC token is backed by one US Dollar, meaning its value is directly tied to the value of the US Dollar. This provides a high level of stability, which can be particularly useful during market volatility.

The Centre Consortium oversees the creation and management of USDC tokens. It ensures that each USDC token is backed by a corresponding US Dollar and that the supply of USDC tokens is always equal to the amount of US Dollars held in reserve.

USDC is also 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).

What is USDC used for?

Being one of the most popular USD-pegged stablecoins, USDC is finding widespread application as a value storage medium during volatile market conditions or simply for people who want fiat exposure outside the traditional banking rails. Hence, many traders move their crypto allocations to USDC to avoid the impact of abrupt price changes. This could explain why the demand for USDC increases considerably during bearish periods.

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 Ethereum as an ERC-20 token, it can be seamlessly used in any dApps running on these networks, including in popular games where users can easily purchase in-game assets with their USDC tokens.

Another use case for USDC tokens is remittance transfers. USDC tokens have increasingly been used for remittance transfers because they offer several benefits over traditional ones, including a greater sense of security, access, lower fees, and higher speeds. In addition, some companies, such as fintech company Circle, offer specific services designed for remittance payments using USDC.

Idle USDC tokens can generate passive income on various crypto exchanges, including OKX. Users can visit OKX Earn and select from the available USDC staking plans to earn interest.

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.

New USDC coins can be issued directly by Centre to buyers at a 1:1 ratio to the dollar whenever necessary. 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.

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USD Coin FAQ

What is USDC?

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. There is no max supply of USDC, as new tokens are issued based on demand.

Where can I buy USDC?

Easily buy USDC tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the USDC/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for USDC with zero fees and no price slippage by using OKX Convert.

Alternatively, you can purchase USDC tokens via the OKX P2P Trading platform. P2P trading allows users to buy and sell cryptocurrencies directly from other users without needing a middleman.

Can I use USDC to buy other cryptocurrencies?

With OKX, you can easily use USDC to buy other crypto assets, including Ethereum (ETH), Polygon (MATIC), and Bitcoin Cash (BCH), using OKX Convert. This conversion process incurs zero fees and has no slippage.

How much is 1 USD Coin worth today?
Currently, one USD Coin is worth $0.99990. For answers and insight into USD Coin's price action, you're in the right place. Explore the latest USD Coin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as USD Coin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as USD Coin have been created as well.
Will the price of USD Coin go up today?
Check out our USD Coin price prediction page to forecast future prices and determine your price targets.

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Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.

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