Convert and Swap USDC USDC to Argentine Peso ARS
USDC/ARS: 1 USDC equals ARS 1,022.24 ARS
Last update: 8:41 AM, December 23, 2024
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USDC is falling this week.
The current price of USDC is ARS 1,022.24 per USDC. With a circulating supply of 42,942,072,629.587 USDC, it means that USDC has a total market cap of ARS 43,895,342,107,813.80. The amount of USDC traded has risen by ARS 650,801,389,494.04 in the last 24 hours, which is a 8.87% increase. Additionally, in the last day, ARS 7,340,240,855,590.45 worth of USDC has been traded.
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About USDC
USDC is a digital dollar issued by Circle that is fully backed by US dollars and US dollar equivalents. USDC was developed to represent a US Dollar equivalent onchain, and is used to send, store, and receive money between people and businesses without the need for third-party financial institutions.
USDC, or USD Coin, is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. This means that for every unit of USDC in circulation, there is $1 held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, the organization behind USDC, ensures that this cryptocurrency is issued by regulated financial institutions. USDC was launched in September 2018 with the aim of providing a digital currency for the digital age. It is designed for a world where cashless transactions are becoming increasingly common.
USDC operates as an ERC-20 token on the Ethereum blockchain. This means that it can be integrated with Ethereum-based applications, providing security and confidence in the stablecoin. The assurance that users can withdraw 1 USDC and receive $1 in return without any issues is a key aspect of how USDC works. To ensure this, a major accounting firm is tasked with verifying the levels of cash held in reserve and ensuring this matches up with the number of tokens in circulation. The number of USDC that can exist is limitless, with new coins created in line with demand, whenever someone wants to purchase one with their dollar.
USDC has several potential use cases. It can provide a safe haven for crypto traders in times of volatility, allowing them to hold their value in a stable asset. Businesses can also use USDC to accept payments in digital assets, potentially shaking up sectors such as decentralized finance and gaming. The goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers, and decentralized applications (dApps) as possible. This aims to enhance the cryptocurrency space by providing a stable and reliable digital currency.
USDC was launched in September 2018 by the Centre Consortium, which has two founding members: the peer-to-peer payment services company Circle and the cryptocurrency exchange Coinbase. In 2020, Circle and Coinbase announced a major upgrade to USDC’s protocol and smart contract, with the goal of making it easier for USDC to be used for everyday payments, commerce, and peer-to-peer transactions. Unlike some crypto ventures, Circle and Coinbase have achieved regulatory compliance, which has helped pave the way for international expansion. Both projects are also well-funded, giving the stablecoin certainty. The transparency over the provenance of its funds has been a big reason for USDC's success.
How USDC and Argentine Peso differ
USDC and the Argentine Peso differ fundamentally in their nature and operation. USDC, a stablecoin, is pegged to the U.S. dollar, ensuring a 1:1 ratio of USDC to USD held in reserve. This digital currency, operating as an ERC-20 token on the Ethereum blockchain, aims to provide a stable and reliable asset in the volatile world of cryptocurrencies. It's designed for seamless integration with Ethereum-based applications, and its issuance is overseen by regulated financial institutions. On the other hand, the Argentine Peso is a traditional fiat currency, regulated by the Central Bank of Argentina, and its value is subject to fluctuations based on economic factors such as inflation, interest rates, and trade balances. Unlike USDC, the Argentine Peso is not backed by a reserve of another currency, and its value is not fixed or stable. While USDC seeks to create an ecosystem where it is accepted by numerous wallets, exchanges, service providers, and decentralized applications, the Argentine Peso is primarily used within Argentina and is subject to the country's monetary policies.
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USDC to Argentine Peso conversion tables
The exchange rate of USDC is increasing.
The current value of 1 USDC is ARS 1,022.24 ARS. In other words, to buy 5 USDC, it would cost you ARS 5,111.22 ARS. Inversely, ARS 1.00 ARS would allow you to trade for 0.000978 USDC while ARS 50.00 ARS would convert to 0.048912 USDC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0%. Meanwhile, in the last 24 hours, the rate has changed by 0%, which means that the the highest exchange rate of 1 USDC to Argentine Peso was ARS 1,022.32 ARS and the lowest 24 hour value was 1 USDC for ARS 1,016.73 ARS. This time last month, the value of 1 USDC was ARS 1,004.06 ARS, which is a 0% decrease from where it is now. Looking back a year, USDC has changed by ARS 804.62 ARS.
USDC to ARS performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
ARS 1,020.76 ARS | 0.00% | ARS 1,018.00 ARS | 0.00% | ARS 1,004.06 ARS | 0.00% | ARS 804.62 ARS | 0.00% |
USDC to ARS
Amount | Today at 8:41 am |
|---|---|
0.5 USDC | ARS 511.12 |
1 USDC | ARS 1,022.24 |
5 USDC | ARS 5,111.22 |
10 USDC | ARS 10,222.43 |
50 USDC | ARS 51,112.17 |
100 USDC | ARS 102,224.35 |
500 USDC | ARS 511,121.75 |
1,000 USDC | ARS 1,022,243.50 |
ARS to USDC
Amount | Today at 8:41 am |
|---|---|
0.5 ARS | 0.000489 USDC |
1 ARS | 0.000978 USDC |
5 ARS | 0.0049 USDC |
10 ARS | 0.0098 USDC |
50 ARS | 0.0489 USDC |
100 ARS | 0.0978 USDC |
500 ARS | 0.49 USDC |
1,000 ARS | 0.98 USDC |
Today vs. 24 hours ago
Amount | Today at 8:41 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDC | ARS 511.12 | ARS 511.12 | 0.00% |
1 USDC | ARS 1,022.24 | ARS 1,022.24 | 0.00% |
5 USDC | ARS 5,111.22 | ARS 5,111.22 | 0.00% |
10 USDC | ARS 10,222.43 | ARS 10,222.43 | 0.00% |
50 USDC | ARS 51,112.17 | ARS 51,112.17 | 0.00% |
100 USDC | ARS 102,224.35 | ARS 102,224.35 | 0.00% |
500 USDC | ARS 511,121.75 | ARS 511,121.75 | 0.00% |
1,000 USDC | ARS 1,022,243.50 | ARS 1,022,243.50 | 0.00% |
Today vs. 1 month ago
Amount | Today at 8:41 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDC | ARS 511.12 | ARS 511.12 | 0.00% |
1 USDC | ARS 1,022.24 | ARS 1,022.24 | 0.00% |
5 USDC | ARS 5,111.22 | ARS 5,111.22 | 0.00% |
10 USDC | ARS 10,222.43 | ARS 10,222.43 | 0.00% |
50 USDC | ARS 51,112.17 | ARS 51,112.17 | 0.00% |
100 USDC | ARS 102,224.35 | ARS 102,224.35 | 0.00% |
500 USDC | ARS 511,121.75 | ARS 511,121.75 | 0.00% |
1,000 USDC | ARS 1,022,243.50 | ARS 1,022,243.50 | 0.00% |
Today vs. 1 year ago
Amount | Today at 8:41 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDC | ARS 511.12 | ARS 511.12 | 0.00% |
1 USDC | ARS 1,022.24 | ARS 1,022.24 | 0.00% |
5 USDC | ARS 5,111.22 | ARS 5,111.22 | 0.00% |
10 USDC | ARS 10,222.43 | ARS 10,222.43 | 0.00% |
50 USDC | ARS 51,112.17 | ARS 51,112.17 | 0.00% |
100 USDC | ARS 102,224.35 | ARS 102,224.35 | 0.00% |
500 USDC | ARS 511,121.75 | ARS 511,121.75 | 0.00% |
1,000 USDC | ARS 1,022,243.50 | ARS 1,022,243.50 | 0.00% |
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