USDC USD Coin
Source: USDCUSD Chart by TradingView
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. USDC is an Ethereum token and is the only stablecoin currently supported by Coinbase.
Dollar digital currency
From settling payments to making on-chain payouts, all supported blockchains are integrated into these funds flows and woven into our products. Tap into thousands of businesses, applications and developer communities with growing ecosystems that are building on top of the USDC standard for their protocol.
The ultimate standard
USDC is issued by regulated financial institutions, backed by fully reserved assets, redeemable on a 1:1 basis for US dollars and governed by Centre, the consortium that sets technical, policy and financial standards for USDC. USDC reserves are reviewed monthly and attested to by Grant Thornton LLP.
Circle’s USD Coin is silently closing the gap to Tether
Circle-backed stablecoin, USD Coin, now controls around 30% of the stablecoin market share after minting its 50 billionth token.
Analyst: it’s “scary” how much of DeFi runs on Tether and USD Coin
Decentralized finance (DeFi) has seen a massive explosion over recent weeks and months, reaching a total value locked of $7.13 billion according to DeFi Pulse.
Bitcoin Payments Provider BitPay Adds Gemini Dollar and USD Coin as Settlement Options
Cryptocurrency payments provider BitPay added two stablecoins for fiat-equivalent settlements at merchant-level on October 15, according to a press release.
All images, branding and wording is copyright of USD Coin. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.