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About USDC

USDC (USDC) is a cryptocurrency launched in 2018. USDC has a current supply of 28.78Bn with 28.78Bn in circulation. The last known price of USDC is 0.999968104421 USD and is -0.00002707897 over the last 24 hours. It is currently trading on active market(s) with $9.35Bn traded over the last 24 hours. More information can be found at https://www.centre.io/usdc.

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USDC Price Statistics
USDC’s Price Today
24h Price Change
-$0.000027078970.00%
24h Volume
$9.35Bn29.48%
24h Low / 24h High
$0.99967373 / $1.00
Volume / Market Cap
0.324875770737
Market Dominance
1.25%
Market Rank
#8
USDC Market Cap
Market Cap
$28.78Bn
Fully Diluted Market Cap
$28.78Bn
USDC Price History
7d Low / 7d High
$0.99942371 / $1.00
All-Time High
$2.35Nov 16, 2021
All-Time Low
$0.8774Mar 11, 2023
USDC Supply
Circulating Supply
28.78Bn
Total Supply
28.78Bn
Max Supply
0
Updated Mar 01, 2024 6:37 pm
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USDC
USDC
$0.999968104421
$0.00002707897(-0.00%)
Mkt Cap $28.78Bn
There's nothing here for now
Clone Protocol to Launch Public Mainnet for Non-Native Token Trading on Solana Blockchain
Clone Protocol to Launch Public Mainnet for Non-Native Token Trading on Solana Blockchain
According to Blockworks, Clone, a protocol aimed at simplifying the trading of non-native tokens on the Solana blockchain, announced the public mainnet launch of Clone Markets and Clone Liquidity. The launch will introduce markets for non-native assets on the Solana blockchain through 'cloned assets' or 'clAssets'. The goal of this protocol is to enable traders to optimize their trades by taking advantage of Solana's fast transaction speeds and lower fees. Clone Markets is designed as a trading platform that allows users to directly buy and sell clAssets, enabling traders to manage their portfolios within the Solana blockchain without having to switch between various chains constantly. It will provide liquidity providers with access to a liquidity system that supports leveraged and cross-margined liquidity pools in exchange for USDC collateral. This single collateral source will have access to every Clone pool simultaneously. Evan Deutsch, the co-inventor of Clone, stated that their mission is to make any token tradable without leaving Solana, expanding the community and unlocking the blockchain's true potential. The public mainnet launch follows a recent private mainnet that went live on February 1, where assets clARB and clOP, clones of Arbitrum's ARB token and Optimism's OP token, were made available on the network. In addition to clARB and clOP, cloned SUI or clSUI will also be available for users to purchase, marking the first market that allows Solana users to trade SUI tokens on its network.
Mar 01, 2024 7:06 am

Frequently Asked Questions

  • What Is USDC (USDC)?

    USDC is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.

    The stablecoin originally launched on a limited basis in September 2018. Put simply, USDC’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.

    Several use cases have been unveiled for the USDC. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming.

    Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

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  • Who Are the Founders of USDC?

    The Centre Consortium has two founding members. One of them is the peer-to-peer payment services company Circle, while the other is the Coinbase cryptocurrency exchange. Other crypto ventures are open to join this consortium.

    Explaining the rationale behind USDC, Circle co-founders Jeremy Allaire and Sean Neville wrote: “We believe that an open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet.”

    In 2020, Circle and Coinbase collectively announced a major upgrade to USDC’s protocol and smart contract. The goal of these enhancements is to make it easier for USDC to be used for everyday payments, commerce and peer-to-peer transactions.

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  • What Makes USDC (USDC) Unique?

    The stablecoin market has become exceedingly crowded over recent years — but USDC has aimed to stand head and shoulders over competitors in several ways.

    One of them concerns transparency — and giving users the assurance that they will be able to withdraw 1 USDC and receive $1 in return without any issues. To this end, it says a major accounting firm is tasked with verifying the levels of cash that are held in reserve, and ensuring this matches up with the number of tokens in circulation.

    Unlike some crypto ventures, Circle and Coinbase have also achieved regulatory compliance — and this has helped pave the way for international expansion. Both projects are also well-funded, giving the stablecoin certainty.

    Coinbase briefly contemplated diversifying the funds backing USDC, but retracted that proposal after heavy community backlash. The transparency over the provenance of its funds has been a big reason for USDC's success. Unlike its rival USDT, which has found itself embroiled in repeated investigations, USDC has never been accused of any wrongdoing. That has led to USDC gobbling up much of USDT's dominance in the stablecoin market: although USDT commanded a 74%:16% lead in market share in February 2021, this has shrunk to a 45%:30% lead in February 2022.

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  • How Much Is Held in USDC Asset Reserves?

    Following the collapse of TerraUSD, stablecoin issuers have been under intense scrutiny over the quality of the reserves backing their tokens. In a transparency move, Circle Internet Financial LLC (Circle), the issuer of the USDC stablecoin released its reserves report as of July 31, 2022.

    According to the report, the total USDC reserves held by the company consist of $42.3 billion worth of US Treasury Securities and total cash deposits of $12.2 billion. The monthly reserve report was issued by leading global accounting firm Grant Thornton.

    The accounting firm later released an independent attestation dated August 24, 2022. It reads:

    In our opinion, the Reserve Information in the accompanying USDC Reserve Report as of July 31, 2022 is fairly stated, based on the criteria set forth in the USDC Reserve Report, in all material respects.

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  • How Many USDC (USDC) Are There in Circulation?

    It’s a bit difficult to give an exact number here — as in theory, the number of USDC that can exist is limitless. New coins are created in line with demand, whenever someone wants to purchase one with their humble dollar.

    That said, there have been factors that have helped USDC enjoy an explosion in popularity over the years — especially in 2020. One of them is the sudden, sharp rise in the popularity of decentralized finance. USDC is a common sight on many DeFi protocols given how it serves as an onramp to the wider ecosystem.

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  • How Is the USDC Network Secured?

    All of the USDCs in circulation are actually ERC-20 tokens, which can be found on the Ethereum blockchain. One of the biggest advantages here is how it can then be integrated with Ethereum-based applications. As we mentioned earlier, security and confidence in this stablecoin is delivered by proving that U.S. dollars are being held safely in reserve.

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  • Where Can You Buy USDC (USDC)?

    As you might expect, one of the most enthusiastic exchanges that offers USDC is Coinbase, given how the exchange was involved in this stablecoin’s creation. USDC can also be purchased and traded on Poloniex, Binance, OKEx and Bitfinex, as well as decentralized exchanges such as Uniswap.

    USDC is commonly bought with Bitcoin — and if it’s your first time buying Bitcoin, be sure to check out our comprehensive guide here.

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  • What is the all-time high price of USDC (USDC)?

    The all-time high of USDC was 2.35 USD on 2021-11-16, from which the coin is now down 57.44816576931915%. The all-time high price of USDC (USDC) is 2.35. The current price of USDC is down 57.44816576931915% from its all-time high.

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  • How much USDC (USDC) is there in circulation?

    As of , there is currently 28.78Bn USDC in circulation. USDC has a maximum supply of 0.

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  • What is the market cap of USDC (USDC)?

    The current market cap of USDC is 28.78Bn. It is calculated by multiplying the current supply of USDC by its real-time market price of 0.999968104421.

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  • What is the all-time low price of USDC (USDC)?

    The all-time low of USDC was 0.8774 , from which the coin is now up 13.969467109756106%. The all-time low price of USDC (USDC) is 0.8774. The current price of USDC is up 13.969467109756106% from its all-time low.

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  • Is USDC (USDC) a good investment?

    USDC (USDC) has a market capitalization of $28.78Bn and is ranked #8 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze USDC (USDC) price trends and patterns to find the best time to purchase USDC.

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