USDC Price (USDC)

USDC (USD Coin) is a stablecoin that seeks to mirror the value of the U.S. dollar and provide stability in the volatile cryptocurrency market. Each unit of USDC is backed by $1 held in reserve, composed of cash and short-term U.S. Treasury bonds. This digital currency was introduced in September 2018 by the Centre Consortium, a collaboration between Circle and other regulated financial institutions. USDC aims to function as a bridge between traditional financial systems and blockchain technology, offering a digital asset for transactions, commerce, and decentralized finance (DeFi). Its compatibility with various wallets, cryptocurrency exchanges, and blockchain networks has made it a widely accepted currency across the crypto community.

USDC operates primarily as an ERC-20 token on the Ethereum blockchain, making it compatible with Ethereum-based applications and other supported blockchain networks. Each USDC in circulation corresponds to a U.S. dollar held in reserve, ensuring the currency’s stability. The supply of USDC adjusts according to demand, with new tokens minted when users exchange dollars for USDC through verified platforms. Regular audits by an independent accounting firm validate the reserve holdings, aligning the current supply of USDC with the dollar value it represents. This mechanism helps USDC maintain its peg and minimizes price fluctuations, setting it apart from other crypto assets.

USDC seeks to offer diverse applications across the cryptocurrency ecosystem. It aims, for example, to help businesses use USDC to accept digital asset payments, while helping individuals leverage it for peer-to-peer transactions and everyday payments. As a stable digital currency, USDC aims to integrate seamlessly into DeFi platforms to facilitate lending, borrowing, and trading while limiting the risks of price fluctuations common to other crypto assets.

USDC was launched in September 2018 by the Centre Consortium, which includes Circle, a peer-to-peer payment services company. The project aimed to deliver a stable digital currency that could function seamlessly within the growing blockchain ecosystem. In 2020, USDC underwent a protocol and smart contract upgrade to enhance its usability for everyday payments and transactions. Over time, USDC has expanded its presence across multiple blockchain networks, increasing its adoption within decentralized finance and other sectors. Its stability and consistent 1:1 peg to the U.S. dollar have made USDC a potential option for users navigating the dynamic crypto market. Whether observing its price today or tracking its live price in real-time, USDC remains a stable asset, distinguishing itself from more volatile cryptocurrencies.

By creating an account on Coinbase or an increasing number of other reputable financial technology companies, you can buy, send, and receive USDC. These platforms allow you to purchase USDC easily while also providing tools to check its price today and track its live price. Whether you’re curious about USDC's price now or comparing it to its all-time high, these services help you stay updated on USDC's worth at all times.

The price of 1 USDC is designed to stay equivalent to $1, functioning as a stablecoin within the cryptocurrency market. Its consistency is supported by reserves of cash and short-term U.S. Treasury bonds that back the current supply. Minor price fluctuations may sometimes occur due to market sentiment or trading volume on cryptocurrency exchanges, but the framework aims to maintain the 1:1 ratio with the U.S. dollar.

USDC is designed to maintain a stable value of $1 as a stablecoin. This peg is managed through a reserve system, where every USDC token is backed by $1 in cash or equivalent assets. Occasionally, minor deviations in price can happen due to shifts in market trends or trading activity, but mechanisms are in place to try to keep its value closely aligned with one U.S. dollar.

USDC is designed to maintain its peg to the U.S. dollar, so its price is expected to remain around $1 in 2025. The value is underpinned by a reserve-backed system managed by the Centre Consortium. Barring major structural or market changes, USDC’s role as a stablecoin is intended to provide a consistent value within the cryptocurrency market.

USDC and USDT are both stablecoins pegged to the value of $1, but their operational models differ. USDC is issued by the Centre Consortium and focuses on transparency, with regular audits to validate its reserves. USDT, issued by Tether, also aims for stability but has faced scrutiny over reserve disclosures in the past. Both enable stable transactions within the cryptocurrency market, with their differences potentially appealing to users based on preferences for transparency, trust, and platform integration.

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

The current market cap of USDC is $42.98B. A high market cap implies that the asset is highly valued by the market.

The all-time high of USDC is $1.00. 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 $6.47B.

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.