USDC
USD Coin
USDC

USD Coin price

in USD
Top market cap
$0.99982
-- (--)
USD
Last updated on --.
Market cap
$75.88B #6
Circulating supply
75.87B / 75.87B
All-time high
$1.040
24h volume
$3.70B
Rating
4.1 / 5
USDCUSDC
USDUSD

About USD Coin

USD Coin (USDC) is a widely-used stablecoin designed to maintain a 1:1 value with the US dollar, offering a reliable and transparent digital currency for global transactions. Issued by Circle and backed by fully reserved assets, USDC provides users with confidence in its stability and security. Its primary purpose is to enable seamless, low-cost transfers of value across borders, making it ideal for payments, trading, and decentralized finance (DeFi) applications. USDC is supported on multiple blockchains, including Ethereum, Solana, and others, ensuring compatibility with a broad range of wallets and platforms. Whether you're a beginner or an experienced trader, USDC serves as a trusted bridge between traditional finance and the crypto ecosystem.
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Last audit: 1 Jun 2020, (UTC+8)

Disclosures

USD Coin risk

This material is for informational purposes only and is not exhaustive of all risks associated with trading USD Coin. All crypto assets are risky, there are general risks in investing in USD Coin. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.

Investment Risk

The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.

Lack of Protections

Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.

Liquidity Risk

There is no guarantee that investments in crypto assets can be easily sold at any given time.

Complexity

Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.

Concentration Risk

Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

Five questions to ask yourself

  1. Am I comfortable with the level of risk? Can I afford to lose my money?
  2. Do I understand the investment and could I get my money out easily?
  3. Are my investments regulated?
  4. Am I protected if the investment provider or my adviser goes out of business?
  5. Should I get financial advice?

Stablecoins

Stablecoins are designed to have a value that is claimed to be pegged to an underlying asset such as fiat currencies (eg USDT), but they are not immune to price fluctuations, and there is no certainty that their value will remain stable or pegged 1:1 to the linked reserve asset. Stablecoins use a variety of ways to maintain stability, each with their own risks. This is not an exhaustive list of all the risks to stablecoins:

Counterparty Risk

Certain tokens may rely on assets held by third parties which may or may not not be verifiable or visible to the token holder. Legal recourse to any pledged assets may be limited.

Depegging Risk

Certain tokens, known as "stablecoins" may attempt to link its value to a specific fiat currency or index. The pegs in so-called "stablecoins" have historically been challenged resulting in potential/realised losses for holders. So called "stablecoins" depend on complex algorithmic outputs, reserves that may not be demonstrably proven or accessible or redemption mechanisms that do not perform as expected.

Algorithmic Risk

Investments in cryptocurrencies are dependent on the continued development and maintenance of underlying blockchain technology. Certain so-called "stablecoins" may depend on algorithmic outputs.

FX Risk

Many stablecoins are denominated in US Dollars. If you are trading using a different currency cross (i.e. USDT/GBP), you will then be exposed to changes in the US Dollar exchange rate.

USD Coin’s price performance

Past year
-0.04%
$1.00
3 months
+0.00%
$1.00
30 days
+0.07%
$1.00
7 days
+0.00%
$1.00
72%
Buying
Updated hourly.
More people are buying USDC than selling on OKX
Buy USD Coin

USD Coin on socials

HODL Mark
HODL Mark
The most tweeted about elements of prediction markets are the least likely to actually be the long term winners versus web 2 counterparts: - P2P sportsbooks won't displace trad books evidenced by Betfair v B365 and others. A lot of the volume right now is just due to jurisdictional issues. - Parlays won't work or they will just mirror trad sportsbooks odds wise which is uninteresting. You are paying for volatility, you have to have someone paid to take that risk in the parlay - Prediction market hedge funds are a zero. Who would want to give their edge away in limited liquidity markets? Prediction markets entire edge is in the new category of real time news event trading and media manipulation, for want of a better word. The sportsbook elements are by far the least interesting part of the roadmap. Best areas to invest - UX improvements like aggregators - Data displayers for important geopolitical events e.g. Dune for polymarket, analysis on large volume bettor accounts - Collateral efficiency e.g. Sweeping unused USDC to lending aggregators
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Ikuma Mutobe
Ikuma Mutobe
1. This case is based on the "Guidelines for Electronic Payment Means and Related Business Operators" regarding the upper limit. It concerns user protection and operator responsibility (buyback + asset preservation) when domestic operators mediate stablecoins issued under foreign regulations. ① Transfers based on user instructions are limited to "up to 1 million yen per transaction," ② If the user balance managed by the operator exceeds 1 million yen per person, measures must be taken to prevent holding through buybacks, etc., ③ The obligation to preserve the necessary assets for buyback funds and provide information. The upper limit is a cap to realistically ensure risk management (buyback and preservation) on the domestic mediation side due to the fact that overseas issuers are not directly supervised by Japan. 2. In the case of JPYC, the upper limit is based on Type II money transfer business. JPYC is registered as a "Type II money transfer business." Therefore, the upper limit for "foreign exchange transactions conducted by the operator" as a money transfer business is 1 million yen per transaction. This is a general rule under the system. - Scope of the "1 million yen limit" The target is "foreign exchange transactions" as a money transfer business (i.e., issuance/redemption, remittances between custody accounts, etc., where JPYC acts as the "executing entity of the remittance service"). The Type II limit is 1 million yen per transaction. User self-custody wallets are not subject to this, so holding or transferring amounts over 1 million yen is okay. 3. Future directions include Type I money transfer businesses and stablecoins issued by banks and trusts. While there is a trade-off between user protection and convenience, there are several ways to raise the upper limit, and preparations should be underway. - JPY stablecoins through Type I money transfer businesses Issuing/redemption limits of 1 million yen will be lifted if JPYC and others issue under Type I. JPYC is likely refining operations under Type II and aiming for Type I. - Bank and trust schemes If banks and trusts become the issuing entities, there will be no upper limit. As a point, considering the liquidity and composability of public chains, as well as the developer ecosystem, I believe we should develop with the premise of using public chains (of course, in compliance with regulations). I seek opinions from experts and stakeholders.
越前🐕
越前🐕
Holding more than 1 million yen in stablecoins is a no-go. How does Japan plan to popularize stablecoins with this?
Gallery 1
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Data Wolf 🐺
Data Wolf 🐺
Random Morpho Note on How Interest Rate Changes via the Adaptive Interest Rate Mechanism: Morpho tries to aim for 90% utilization. Then how is the interest rate controlled? There are some interesting implications to the above. Because there is an attempt to always keep utilization at 90%, the main rate you need to really concern yourself with is the interest rate at 90% U. This is also known as the "rate at target utilization." If supply and borrows don't fly around like crazy, this acts as a pivot point where you can expect rates to fluctuate about in a small way. Not in the chart video below, but the curve is actually hard-coded where if the utilization is 0, then the rate will be 1/4 * the interest rate @ 90% U. If the utilization is 100%, then it maximally will be 4 * the interest rate @ 90% U. So, as we know that the rate at 90% U is the pivot point, what Morpho is really doing is controlling the interest rate, up or down, at this 90%. But also, we can't let the curve move up or down violently. It slowly and progressively moves to allow the market to think and decide what interest rate is the fair price. So, in a sense, Morpho is algorithmically trying to find the market rate that the market likes. (You can see this in the animation where the curve slowly moves down at first as the utilization is below 90% twice.) The further Utilization is away from 90%, the faster it moves up or down. If you expect utilization to be fairly stable, the rate at 90% U is something you can reference. Of course, the exception here is that you have clowns consistently trying to cash out or move the supply and borrows, resulting in noise, but that's a different story. This is why you kinda need to know your counterparty and their behavior, IMO. Why is 90% utilization so important? The easy answer is that you want, as much as possible, for your money to be put to work. If the market has too many lenders and too few borrowers, then the interest paid by borrowers is shared among a lot of lenders, which means lower earnings. In the context of the curve, the reasoning is a bit different. You may notice that the interest rate is not a smooth, up-only line but two lines: one gentler and the other that is steeper. This is to ensure that the maximal amount of the lenders' money is put to work while ensuring that borrowers aren’t taking too much money out (else they pay high interest). Therefore, with your money nearly maximally at work as the adaptive interest rate curve finds the best price for it, as we can assume that the interest rate quoted is what the market is interested in. Problems However, it's very risky because if you have collateral that is poor in quality, the 90% utilization drains the higher quality loan token (usually USDC) out very fast and thus makes it difficult to cash out. In the event of a collateral token collapse, lenders can be adversely selected and cannot exit. Implications Anyway, as a current Morpho market enjoyooor, what does this all mean? Every time you see a market with nice rates, the question is almost always: "Will the great APY I see today still be here tomorrow, or will it vanish?" A rule of thumb is that if the borrowers are here for the long haul (my guess atm are Pendle loopers where they typicall stick around till expiry, but check the data), and lenders that are generally large treasuries or whales seeking to park their funds without an aggressive yield farm mandate, you will have markets with relatively steadier rates. If you have “nervous” markets, where collateral usually has a lot of price risk (non-stable tokens in general) or has suppliers that are usually aggressive in yield optimization, then you will have unstable rates. End In any case, this interest rate mechanism is pretty interesting. Of course, given the age of this algo, there are definitely better ones out there. Maybe I’ll get to them some other day. 🙂
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USD Coin FAQ

USDC is a stablecoin issued by Centre, a joint venture between fintech company Circle and cryptocurrency marketplace Coinbase. USD Coin is designed to be a stable crypto asset, always maintaining the same value relative to the dollar. There is no max supply of USDC, as new tokens are issued based on demand.

Easily buy USDC tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the USDC/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for USDC with zero fees and no price slippage by using OKX Convert.

Alternatively, you can purchase USDC tokens via the OKX P2P Trading platform. P2P trading allows users to buy and sell cryptocurrencies directly from other users without needing a middleman.

With OKX, you can easily use USDC to buy other crypto assets, including Ethereum (ETH), Polygon (MATIC), and Bitcoin Cash (BCH), using OKX Convert. This conversion process incurs zero fees and has no slippage.

USDC is issued by an international fintech firm called Circle and the US-based cryptocurrency exchange, Coinbase. Both Circle and Coinbase are regulated financial institutions in the United States, ensuring that USDC complies with US financial regulations.
USDC is safeguarded by the security features of the blockchain on which the token was issued. So, if your token was issued as an ERC-20 token on Ethereum, it would be secured by all of Ethereum's inherent security features.
Yes. Each unit of circulating USDC is backed by 1 USD of cash reserve and short-term US treasuries. Additionally, these backing assets are maintained in the safe custody of established and leading financial institutions.
The main benefit of using USDC is that it provides a stable and secure way to hold and transfer value in the cryptocurrency market. Since USDC is pegged to the US dollar, its value is not subject to the same volatility as other cryptocurrencies. Additionally, USDC is backed by regulated financial institutions, which ensures its stability and compliance with US financial regulations.
Currently, one USD Coin is worth $0.99982. For answers and insight into USD Coin's price action, you're in the right place. Explore the latest USD Coin charts and trade responsibly with OKX.
Cryptocurrencies, such as USD Coin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as USD Coin have been created as well.
Check out our USD Coin price prediction page to forecast future prices and determine your price targets.

Dive deeper into USD Coin

USD Coin (USDC) is an open-source smart contract-based stablecoin issued by an international fintech firm called Circle and the US-based cryptocurrency exchange, Coinbase. Together they make up the Centre Consortium, responsible for generating and redeeming all USDC tokens.

Launched in October 2018, USDC is fiat-collateralized and is pegged to the US Dollar at a 1:1 ratio. This is possible because a mix of cash, cash equivalents, and short-term US Treasury bonds backs USDC. Approximately 10 percent of USDC reserves are held in cash and cash equivalents, with the remainder in short-term US Treasury bonds.

Centre believes that true financial interoperability between crypto and fiat currencies is possible only if there's a price-stable means of value exchange between the two. USDC was created to address the need for a fiat-backed stablecoin that is transparent and secure, which was lacking in the market at the time.

Its creators, Circle and Coinbase, wanted to offer a stablecoin backed by real-world assets, audited regularly, and provide high transparency and governance. USDC was designed to be more transparent financially and operationally than other stablecoins in the market, which would help build trust and encourage greater adoption.

Grant Thornton is an independent accounting firm that conducts monthly attestations on the USDC stablecoin. The firm provides independent verification of the reserves backing USDC and ensures that they are held in a manner consistent with the Centre Consortium reserve policy.

Jeremy Allaire, the CEO of Circle, has emphasized the importance of transparency and accountability in the operation of USDC, and the involvement of Grant Thornton is a key component of that effort. USDC's commitment to transparency, backed by the independent verification provided by Grant Thornton, provides greater confidence and trust for users looking to buy a stablecoin.

How does USDC work

USDC is built on the Ethereum blockchain, a decentralized platform that enables the creation of smart contracts and decentralized applications (dApps). USDC is an ERC-20 token compatible with any Ethereum wallet or exchange supporting ERC-20 tokens. The technology behind USDC is designed to provide stability and reliability for users, making it a popular choice for cryptocurrency traders.

Each USDC token is backed by one US Dollar, meaning its value is directly tied to the value of the US Dollar. This provides a high level of stability, which can be particularly useful during market volatility.

The Centre Consortium oversees the creation and management of USDC tokens. It ensures that each USDC token is backed by a corresponding US Dollar and that the supply of USDC tokens is always equal to the amount of US Dollars held in reserve.

USDC is also currently issued on multiple blockchains, including Ethereum (ERC-20 format), Tron (TRC-20 format), Algorand (ASA format), Avalanche (ERC-20 format), Flow (FT format), Stellar (as a Stellar asset), Solana (SPL format), and Hedera (SDK format).

What is USDC used for?

Being one of the most popular USD-pegged stablecoins, USDC is finding widespread application as a value storage medium during volatile market conditions or simply for people who want fiat exposure outside the traditional banking rails. Hence, many traders move their crypto allocations to USDC to avoid the impact of abrupt price changes. This could explain why the demand for USDC increases considerably during bearish periods.

USDC is also commonly used by many exchange platforms for on-ramping new entrants in the crypto industry and is widely accepted as payment for goods and services in online and offline markets.

As the USDC coin resides on multiple prominent blockchains, including Ethereum as an ERC-20 token, it can be seamlessly used in any dApps running on these networks, including in popular games where users can easily purchase in-game assets with their USDC tokens.

Another use case for USDC tokens is remittance transfers. USDC tokens have increasingly been used for remittance transfers because they offer several benefits over traditional ones, including a greater sense of security, access, lower fees, and higher speeds. In addition, some companies, such as fintech company Circle, offer specific services designed for remittance payments using USDC.

Idle USDC tokens can generate passive income on various crypto exchanges, including OKX. Users can visit OKX Earn and select from the available USDC staking plans to earn interest.

USDC price and tokenomics

Like most of its peers, USDC is issued on demand and doesn't have a cap on its maximum supply. The number of USDC tokens in circulation changes based on how many are issued and burnt by commercial issuers.

New USDC coins can be issued directly by Centre to buyers at a 1:1 ratio to the dollar whenever necessary. For example, if a buyer wants to buy $15 million worth of USDC, Centre can immediately mint 15 million new USDC for the buyer. Likewise, if a user with 15 million USDC wants to redeem them for US Dollars, Centre pays them $15 million and destroys their 15 million USDC tokens, thereby removing them from circulation.

About the founders

USDC was founded in 2018 by Centre, an independent member-based consortium that comprises P2P services company Circle and the cryptocurrency exchange Coinbase.

It was created to provide a layer of trust and transparency to the stablecoin industry. USDC allows users to operate with confidence and security in the crypto market, knowing that each unit of their USDC holdings can be redeemed for 1 USD whenever they wish.

Unlike most other crypto and stablecoin projects, Circle and Coinbase are fully regulated by leading US authorities. This has helped USDC's cause and helped pave the way for the stablecoin's international expansion.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$75.88B #6
Circulating supply
75.87B / 75.87B
All-time high
$1.040
24h volume
$3.70B
Rating
4.1 / 5
USDCUSDC
USDUSD
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