Convert and Swap USDC USDC to Turkish Lira TRY
USDC/TRY: 1 USDC equals TRY 35.22 TRY
Last update: 11:05 AM, December 23, 2024
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USDC is falling this week.
The current price of USDC is TRY 35.22 per USDC. With a circulating supply of 42,956,683,729.088 USDC, it means that USDC has a total market cap of TRY 1,512,850,490,320.18. The amount of USDC traded has risen by TRY 41,888,625,501.89 in the last 24 hours, which is a 15.90% increase. Additionally, in the last day, TRY 263,503,992,141.99 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 Turkish Lira differ
USDC and Turkish Lira (TRY) are two distinct forms of currency, each with its unique characteristics. USDC, or USD Coin, is a type of cryptocurrency known as a stablecoin, which aims to maintain a stable value by pegging itself to the U.S. dollar on a 1:1 basis. This means that for every USDC in circulation, there's an equivalent $1 held in reserve, providing a sense of security and stability. USDC operates on the Ethereum blockchain as an ERC-20 token, allowing it to integrate with Ethereum-based applications. It's designed for a world where digital, cashless transactions are increasingly common, and it seeks to provide a safe haven for crypto traders during volatile market periods. On the other hand, the Turkish Lira (TRY) is a traditional fiat currency issued by the Central Bank of the Republic of Turkey. Unlike USDC, its value is not pegged to another currency and can fluctuate based on various economic factors such as inflation, interest rates, and political stability. While USDC aims to create an ecosystem where it's accepted by many wallets, exchanges, service providers, and decentralized applications (dApps), the Turkish Lira is primarily used within Turkey and its acceptance internationally is limited.
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The exchange rate of USDC is increasing.
The current value of 1 USDC is TRY 35.22 TRY. In other words, to buy 5 USDC, it would cost you TRY 176.10 TRY. Inversely, TRY 1.00 TRY would allow you to trade for 0.0284 USDC while TRY 50.00 TRY would convert to 1.4197 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 Turkish Lira was TRY 35.22 TRY and the lowest 24 hour value was 1 USDC for TRY 35.07 TRY. This time last month, the value of 1 USDC was TRY 34.56 TRY, which is a 0% decrease from where it is now. Looking back a year, USDC has changed by TRY 35.18 TRY.
USDC to TRY performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
TRY 35.07 TRY | 0.00% | TRY 34.96 TRY | 0.00% | TRY 34.56 TRY | 0.00% | TRY 35.18 TRY | 0.00% |
USDC to TRY
Amount | Today at 11:05 am |
|---|---|
0.5 USDC | TRY 17.61 |
1 USDC | TRY 35.22 |
5 USDC | TRY 176.10 |
10 USDC | TRY 352.19 |
50 USDC | TRY 1,760.95 |
100 USDC | TRY 3,521.90 |
500 USDC | TRY 17,609.50 |
1,000 USDC | TRY 35,219.00 |
TRY to USDC
Amount | Today at 11:05 am |
|---|---|
0.5 TRY | 0.0142 USDC |
1 TRY | 0.0284 USDC |
5 TRY | 0.14 USDC |
10 TRY | 0.28 USDC |
50 TRY | 1.42 USDC |
100 TRY | 2.84 USDC |
500 TRY | 14.20 USDC |
1,000 TRY | 28.39 USDC |
Today vs. 24 hours ago
Amount | Today at 11:05 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 USDC | TRY 17.61 | TRY 17.61 | 0.00% |
1 USDC | TRY 35.22 | TRY 35.22 | 0.00% |
5 USDC | TRY 176.10 | TRY 176.10 | 0.00% |
10 USDC | TRY 352.19 | TRY 352.19 | 0.00% |
50 USDC | TRY 1,760.95 | TRY 1,760.95 | 0.00% |
100 USDC | TRY 3,521.90 | TRY 3,521.90 | 0.00% |
500 USDC | TRY 17,609.50 | TRY 17,609.50 | 0.00% |
1,000 USDC | TRY 35,219.00 | TRY 35,219.00 | 0.00% |
Today vs. 1 month ago
Amount | Today at 11:05 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 USDC | TRY 17.61 | TRY 17.61 | 0.00% |
1 USDC | TRY 35.22 | TRY 35.22 | 0.00% |
5 USDC | TRY 176.10 | TRY 176.10 | 0.00% |
10 USDC | TRY 352.19 | TRY 352.19 | 0.00% |
50 USDC | TRY 1,760.95 | TRY 1,760.95 | 0.00% |
100 USDC | TRY 3,521.90 | TRY 3,521.90 | 0.00% |
500 USDC | TRY 17,609.50 | TRY 17,609.50 | 0.00% |
1,000 USDC | TRY 35,219.00 | TRY 35,219.00 | 0.00% |
Today vs. 1 year ago
Amount | Today at 11:05 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 USDC | TRY 17.61 | TRY 17.61 | 0.00% |
1 USDC | TRY 35.22 | TRY 35.22 | 0.00% |
5 USDC | TRY 176.10 | TRY 176.10 | 0.00% |
10 USDC | TRY 352.19 | TRY 352.19 | 0.00% |
50 USDC | TRY 1,760.95 | TRY 1,760.95 | 0.00% |
100 USDC | TRY 3,521.90 | TRY 3,521.90 | 0.00% |
500 USDC | TRY 17,609.50 | TRY 17,609.50 | 0.00% |
1,000 USDC | TRY 35,219.00 | TRY 35,219.00 | 0.00% |
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.