USD Coin (USDC) Market Capitalization Tops $35.52 Billion

USD Coin (USDC) traded up 0% against the US dollar during the 1 day period ending at 18:00 PM Eastern on October 1st. During the last week, USD Coin has traded up 0% against the US dollar. USD Coin has a market cap of $35.52 billion and $10.70 billion worth of USD Coin was traded on exchanges in the last 24 hours. One USD Coin token can currently be bought for $1.00 or 0.00001639 BTC on major cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 0.8% against the dollar and now trades at $0.0447 or 0.00000074 BTC.
• P2P Solutions foundation (P2PS) traded down 5.1% against the dollar and now trades at $159.93 or 0.00262120 BTC.

USD Coin Profile

USD Coin launched on October 31st, 2018. USD Coin’s total supply is 35,517,338,690 tokens. USD Coin’s official website is www.centre.io/usdc. The official message board for USD Coin is medium.com/centre-blog. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here.

According to CryptoCompare, “USD Coin (USDC) is a stablecoin maintaining a 1:1 peg with the U.S. dollar, backed by dollar-denominated assets. Accessible on multiple blockchains, it is integral to the DeFi space. Users can buy or redeem USDC for fiat currency, with corresponding tokens minted or burned to maintain its value. USDC’s uses include hedging, stable price-pegging, remittances, crowdfunding, payments, and various financial services. It competes with other stablecoins and offers borderless access. Managed by the Centre consortium, co-founded by Circle and Coinbase, its reserves are overseen by Grant Thornton.”

USD Coin Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as USD Coin directly using U.S. dollars. Investors seeking to acquire USD Coin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy USD Coin using one of the exchanges listed above.

USDC/USD price chart by TradingView