USD Coin Tops 24-Hour Trading Volume of $3.15 Billion (USDC)

USD Coin (USDC) traded up 0% against the U.S. dollar during the twenty-four hour period ending at 23:00 PM ET on October 6th. One USD Coin token can currently be purchased for $1.00 or 0.00001570 BTC on popular exchanges. USD Coin has a total market cap of $35.59 billion and $3.15 billion worth of USD Coin was traded on exchanges in the last day. During the last week, USD Coin has traded up 0% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 1.9% against the dollar and now trades at $0.0390 or 0.00000062 BTC.
• P2P Solutions foundation (P2PS) traded 4% higher against the dollar and now trades at $162.77 or 0.00255543 BTC.

USD Coin Profile

USD Coin’s launch date was October 31st, 2018. USD Coin’s total supply is 35,581,240,535 tokens. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here. The official message board for USD Coin is medium.com/centre-blog. USD Coin’s official website is www.centre.io/usdc.

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.”

Buying and Selling USD Coin

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

USDC/USD price chart by TradingView