USDC (USDC) Market Overview
The current price of USD Coin (USDC) is $0.9996**, with a 24-hour trading volume of **$5,067,180,680. USDC maintains a stable value with 0% price fluctuation over the past day. Key metrics:
- Circulating Supply: 62.167 billion USDC
- Max Supply: Uncapped
- Total Supply: 62.167 billion
- Market Capitalization: $62,141,951,064
What Is USD Coin (USDC)?
USD Coin (USDC) is a fully collateralized dollar-pegged stablecoin operating primarily on the Ethereum blockchain. Developed by Centre Consortium (a joint venture between Circle and Coinbase), it combines:
- Regulatory Compliance: Operates under US money transmission laws
- Full Transparency: Monthly audited reserves by Grant Thornton LLP
- 1:1 Dollar Backing: Each USDC is redeemable for $1 USD
- Multi-Chain Availability: Originally an ERC-20 token, now available on 30+ blockchains
The Technology Behind USDC
👉 Discover how USDC powers DeFi ecosystems
USDC's architecture enables:
- Smart Contract Integration: Functions as programmable "digital dollars" in dApps
- Cross-Chain Interoperability: Native bridges between Ethereum, Solana, Avalanche, and other networks
- Institutional-Grade Infrastructure: Bank-grade custody solutions via Circle's partners
USDC's Value Proposition
1. Stability Mechanism
- 100% cash and short-duration US Treasury reserves
- Daily attestation reports from major accounting firms
2. Enterprise Adoption
- Used by Visa for blockchain settlements
- Integrated into Coinbase's global trading pairs
- Primary stablecoin for Circle's cross-border payment solutions
3. DeFi Utility
- Leading stablecoin for lending protocols (Aave, Compound)
- Liquidity pairings across major DEXs (Uniswap, Curve)
- Collateral for synthetic assets and derivatives
USDC Contract Addresses (Top Networks)
| Blockchain | Contract Address |
|---|---|
| Ethereum | 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48 |
| Solana | EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v |
| Polygon | 0x3c499c542cef5e3811e1192ce70d8cc03d5c3359 |
| Arbitrum | 0xaf88d065e77c8cC2239327C5EDb3A432268e5831 |
FAQs About USD Coin
Is USDC safer than other stablecoins?
USDC maintains stricter compliance standards than many competitors, with regular audits and regulated issuers. However, all crypto assets carry some risk.
How can I convert USDC to USD?
👉 Learn instant conversion methods through licensed exchanges like Coinbase or Circle's direct redemption portal.
What makes USDC different from USDT?
While both are dollar-pegged, USDC emphasizes transparency with public reserve reports, whereas Tether (USDT) has faced scrutiny over its backing.
Can USDC lose its peg?
Though designed to maintain 1:1 parity, market disruptions (like the March 2023 banking crisis) can cause temporary deviations, typically within 0.3%.
Which wallets support USDC?
Most multi-chain wallets (MetaMask, Phantom, Trust Wallet) support USDC across its various blockchain implementations.
Future Developments
- Expansion to additional layer-2 solutions
- Enhanced cross-chain transfer protocols
- Integration with traditional finance payment rails
Note: All financial data reflects real-time metrics and may change dynamically.