USDC Price (USDC)

USDC (USDC) is a stablecoin that seeks to mirror the value of the U.S. dollar. Each unit of this digital currency in circulation is backed by $1 held in reserve, in a blend of cash and short-term U.S. Treasury bonds (more: https://www.circle.com/en/transparency). USDC aims to cater to a world where cashless transactions are increasingly common. The aim is to foster an ecosystem where USDC is accepted by wallets, service providers, and decentralized applications (dApps).

USDC is a type of cryptocurrency known as a stablecoin. Its value is pegged to the US dollar, meaning it aims to maintain a 1:1 value ratio with the USD. This is in contrast to other cryptocurrencies like Bitcoin or Ethereum, whose values can fluctuate widely. USDC is natively accessible for 15 blockchain networks: Algorand, Arbitrum, Avalanche, Base, Ethereum, Flow, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, and TRON. The value of this coin is maintained by holding U.S. dollars or equivalent in reserve. An accounting firm is tasked with verifying the levels of cash held in reserve, ensuring this matches up with the number of tokens in circulation. New coins are created in line with demand, whenever someone wants to acquire one with their dollar.

USDC seeks to serve multiple use cases. It can provide relative stability for crypto traders in times of volatility. It also aims to enable businesses to accept payments in digital assets and seeks to impact various sectors including decentralized finance and gaming. USDC can be used for everyday payments, commerce, and peer-to-peer transactions. It also serves as an onramp to the wider ecosystem of decentralized finance, given its relative stability and wide acceptance.

USDC was launched in September 2018 by the Centre Consortium, which includes the peer-to-peer payment services company Circle. In 2020, an upgrade to USDC’s protocol and smart contract was announced, with the aim of facilitating its use for everyday payments and transactions. Over the years, USDC has seen increased use, in part due to the growing interest in decentralized finance. The Centre Consortium has continued to innovate and expand the reach of USDC, launching it on multiple new blockchains and fostering its adoption across a wide range of platforms and services.

We update our USDC to GBP currency in real-time. Get the live price of USDC on Coinbase.

The current market cap of USDC is £34.20B. A high market cap implies that the asset is highly valued by the market.

The all-time high of USDC is £0.80. This all-time high is highest price paid for USDC since it was launched.

Over the last 24 hours, the trading volume of USDC is £5.04B.

Assets that have a similar market cap to USDC include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of USDC is 43 billion.

The median time that Coinbase customers hold USDC before selling it or sending it to another account or address is 3 days.

USDC ranks 7 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 99% of Coinbase users are buying USDC. In other words, 99% of Coinbase customers have increased their net position in USDC over the past 24 hours through trading.

Yes, USDC is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy USDC guide.