USD Coin Reaches Market Capitalization of $35.37 Billion (USDC)

USD Coin (USDC) traded 0% higher against the US dollar during the 1 day period ending at 0:00 AM E.T. on September 11th. USD Coin has a market capitalization of $35.37 billion and approximately $6.34 billion worth of USD Coin was traded on exchanges in the last 24 hours. In the last week, USD Coin has traded 0% lower against the US dollar. One USD Coin token can currently be purchased for $1.00 or 0.00001717 BTC on major exchanges.

Here’s how similar cryptocurrencies have performed in 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 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 8.9% higher 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 22.7% lower against the dollar and now trades at $0.0551 or 0.00000096 BTC.
• 2G Carbon Coin (2GCC) traded down 0.4% against the dollar and now trades at $0.0480 or 0.00000183 BTC.

USD Coin Token Profile

USD Coin’s launch date was October 31st, 2018. USD Coin’s total supply is 35,377,161,349 tokens. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here. USD Coin’s official message board is medium.com/centre-blog. The official website for USD Coin 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.”

USD Coin Token Trading

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 GDAX, Gemini 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