Price statistics USDC
How much is USD Coin (price usdc) now?
The current 2023.12.01 09:33 value of USD Coin (usdc) against USD is 1.
Where can I buy or trade USD Coin (usdc)?
Use our selection of exchangers or buy on the best crypto exchanges for the best conditions and rates.
How much was USD Coin worth at the peak of the market?
USD Coin was worth the maximum :price :date
What was the minimum cost of USD Coin?
The minimum cost of USD Coin was :price :date
USD Coin price today is $1 with a daily trading volume of 8299593980. We update our USD Coin price to USD in real time. USD Coin has changed to 0.10454% in the last 24 hours. The current CoinLiq rating is #7 with a market cap of $24552965240.
USD Coin (USDC)
In 2018, a brand new cryptocurrency called USDC Сoin made its debut. Developed by a company called Circle, it is based on the Ripple protocol and aims to combine the frictionless exchange offered by blockchain technology with the efficiency of the central clearinghouse system used by traditional financial markets. It's main differentiators are supposed to be:
Read more- Simple to use
- Safe and secure
- Faster than other cryptocurrencies
- Low fees
- Easily convertible to other cryptocurrencies and traditional financial assets
- Can be stored in any cryptocurrency wallet
- Supports any cryptocurrency transaction
What Is USDС Coin?
To begin with, USDC Сoin is neither USDC nor is it a coin; it is simply a token that is pegged to the USDC. Thus, one USD coin is equal to one USD. The USD is a special purpose vehicle designed to provide the same stability as the U.S. dollar while using blockchain technology to its advantage. Its value is supposed to remain relatively stable for the long term.
Why Are People Embracing USDС Coin?
The main reason behind the recent surge in popularity of USDC coin is the combination of attractive pricing and fast, inexpensive transactions.
In mid-June 2018, the price of one USD coin was around $0.93, which is considerably cheaper than most other cryptocurrencies. At the same time, Circle's test platform, which was launched a few months earlier than the mainnet, recorded an average transaction confirmation time of just 3 seconds.
By leveraging the efficiency of the central ledger and atomic swap technology, USD coin aims to provide the best of both worlds: the quickness and the security of a traditional financial service and the transparency, immutability, and reliability of a distributed ledger.
What Is The Circle Platform?
Circle is a well-known company that provides global financial services to trade and invest in digital currencies. It runs a full-service crypto bank where customers can buy, sell, and exchange Bitcoin, Ethereum, and other popular cryptocurrencies.
How Is USDС Coin Different From Other Cryptocurrencies?
One of the main differentiators between USD coin and other cryptocurrencies is that it is supposed to provide practical useability and efficiency gains for the average person. The goal is to make it easy for anyone to use and interact with the platform. In practice, this means that Circle plans on making the experience as seamless and intuitive as possible. They plan to achieve this through a combination of several features.
- A User-Friendly Interface
- A Simple Checkout Process
- Global Support For Different Currencies And Countries
- Automatic Account Activation
- Fully Functional Apps And Wallets
- An Asset-Light Approach To Managing Your Money
- Fraud-Resistant Accounting And Balancing
- Predictive Analytics And Performance Monitoring
These are just some of the features that Circle plans on implementing to make using the currency more convenient for their users. They plan to roll out these features over the coming months.
Uses And Services For USDС Coin
As previously mentioned, one USDC coin is supposed to be equal to one USDC. This means that it can be used to purchase goods and services within the USDC ecosystem. To begin with, Circle announced several merchants and companies that accept the coin as payment, including the online shop Bitrefill, which offers a cash-back service for mobile phone and data plans; Kyber.com, which specializes in international oil trades; and Purse.io, which provides a decentralized marketplace for buying and selling gift cards and vouchers.
Furthermore, the coin can be used to pay for various services within the Circle ecosystem, including buying Bitcoin, Ether, and other cryptocurrencies, purchasing marketable tokens, and paying for gas in a Decentralized Autonomous Society (DES).
Circle also uses the USDC coin to settle transactions between members of the DAO, their decentralized autonomous organization; and ERC-20 compatible wallets.
Where Can I Buy And Store USDС Coin?
The best place to buy and store USD Coins is directly from the source: the Circle website. On their site, you can purchase either bundles or individual coins, with the latter being more convenient for storing. For now, the USD coin can only be purchased in smaller increments (e.g., 0.5, 1, 2, 5, and 25 BTC). But, as more people turn to cryptocurrency, larger purchases (e.g., 50 BTC) will become available for those who want to create a long-term store of value.
Instant settlement
This means that you can make a purchase at any time, including during off-peak hours and on weekends when other markets are closed. Furthermore, as USD Сoins are traded frequently on exchanges, they are always available for purchase. Finally, as previously mentioned, larger purchases (e.g., 50 BTC) are also available for those who want to create a long-term store of value.