Convert and Swap USDC USDC to Thai Baht THB
USDC/THB: 1 USDC equals THB 34.25 THB
Last update: 11:54 PM, December 22, 2024
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USDC is falling this week.
The current price of USDC is THB 34.25 per USDC. With a circulating supply of 42,999,776,669.577 USDC, it means that USDC has a total market cap of THB 1,472,819,353,307.43. The amount of USDC traded has fallen by THB 38,652,818,734.11 in the last 24 hours, which is a 18.81% decrease. Additionally, in the last day, THB 205,541,810,519.89 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 Thai Baht differ
USDC, or USD Coin, is a digital stablecoin that aims to mirror the value of the U.S. dollar, with each USDC token backed by an equivalent amount of U.S. dollars held in reserve. This digital currency operates on the Ethereum blockchain, allowing it to integrate seamlessly with Ethereum-based applications. USDC strives to provide a safe haven for those navigating the cryptocurrency space, offering a stable asset amidst market volatility. It also seeks to facilitate digital payments for businesses, potentially impacting sectors like decentralized finance and gaming. On the other hand, the Thai Baht (THB) is the traditional, physical currency of Thailand, regulated by the Bank of Thailand. Unlike USDC, its value is not pegged to another currency and can fluctuate based on economic factors such as inflation, interest rates, and the country's balance of trade. While USDC aims to be accepted by numerous wallets, exchanges, and decentralized applications, the Thai Baht is primarily used within Thailand and is physically exchanged for goods and services.
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USDC to Thai Baht conversion tables
The exchange rate of USDC is increasing.
The current value of 1 USDC is THB 34.25 THB. In other words, to buy 5 USDC, it would cost you THB 171.25 THB. Inversely, THB 1.00 THB would allow you to trade for 0.0292 USDC while THB 50.00 THB would convert to 1.4598 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 Thai Baht was THB 34.32 THB and the lowest 24 hour value was 1 USDC for THB 34.12 THB. This time last month, the value of 1 USDC was THB 34.47 THB, which is a 0% decrease from where it is now. Looking back a year, USDC has changed by THB 34.59 THB.
USDC to THB performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
THB 34.12 THB | 0.00% | THB 34.13 THB | 0.00% | THB 34.47 THB | 0.00% | THB 34.59 THB | 0.00% |
USDC to THB
Amount | Today at 11:54 pm |
|---|---|
0.5 USDC | THB 17.13 |
1 USDC | THB 34.25 |
5 USDC | THB 171.25 |
10 USDC | THB 342.51 |
50 USDC | THB 1,712.54 |
100 USDC | THB 3,425.09 |
500 USDC | THB 17,125.43 |
1,000 USDC | THB 34,250.86 |
THB to USDC
Amount | Today at 11:54 pm |
|---|---|
0.5 THB | 0.0146 USDC |
1 THB | 0.0292 USDC |
5 THB | 0.15 USDC |
10 THB | 0.29 USDC |
50 THB | 1.46 USDC |
100 THB | 2.92 USDC |
500 THB | 14.60 USDC |
1,000 THB | 29.20 USDC |
Today vs. 24 hours ago
Amount | Today at 11:54 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDC | THB 17.13 | THB 17.13 | 0.00% |
1 USDC | THB 34.25 | THB 34.25 | 0.00% |
5 USDC | THB 171.25 | THB 171.25 | 0.00% |
10 USDC | THB 342.51 | THB 342.51 | 0.00% |
50 USDC | THB 1,712.54 | THB 1,712.54 | 0.00% |
100 USDC | THB 3,425.09 | THB 3,425.09 | 0.00% |
500 USDC | THB 17,125.43 | THB 17,125.43 | 0.00% |
1,000 USDC | THB 34,250.86 | THB 34,250.86 | 0.00% |
Today vs. 1 month ago
Amount | Today at 11:54 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDC | THB 17.13 | THB 17.13 | 0.00% |
1 USDC | THB 34.25 | THB 34.25 | 0.00% |
5 USDC | THB 171.25 | THB 171.25 | 0.00% |
10 USDC | THB 342.51 | THB 342.51 | 0.00% |
50 USDC | THB 1,712.54 | THB 1,712.54 | 0.00% |
100 USDC | THB 3,425.09 | THB 3,425.09 | 0.00% |
500 USDC | THB 17,125.43 | THB 17,125.43 | 0.00% |
1,000 USDC | THB 34,250.86 | THB 34,250.86 | 0.00% |
Today vs. 1 year ago
Amount | Today at 11:54 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDC | THB 17.13 | THB 17.13 | 0.00% |
1 USDC | THB 34.25 | THB 34.25 | 0.00% |
5 USDC | THB 171.25 | THB 171.25 | 0.00% |
10 USDC | THB 342.51 | THB 342.51 | 0.00% |
50 USDC | THB 1,712.54 | THB 1,712.54 | 0.00% |
100 USDC | THB 3,425.09 | THB 3,425.09 | 0.00% |
500 USDC | THB 17,125.43 | THB 17,125.43 | 0.00% |
1,000 USDC | THB 34,250.86 | THB 34,250.86 | 0.00% |
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