USDC Price

Coin Prices

MEME

$0.01021041

-3.87%

Price data by

DecryptCoinsUSDC

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USDC

usdc

$0.999

0.00543%

Stablecoins

USD Stablecoin

Polkadot Ecosystem

BNB Chain Ecosystem

24-Hour Range

$0.996

$1.00

Low

High

Market Cap (Mcap)

Rank

Mcap

$42.94B

Fully Diluted Mcap

$42.93B

Supply

Circulating

42,973,778,795

Total

N/A

Created On

N/A

All Time High (ATH)

ATH

$1.17

ATH Change

-14.87%

ATH Date

May 8th, 2019

Total Value Locked (TVL)

TVL

N/A

MCap to TVL Ratio

N/A

FDV to TVL Ratio

N/A

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USDC News

Dec 11, 2024

Markets

Binance and Circle Partner to Boost Global USDC Adoption

The world’s leading cryptocurrency exchange Binance partnered with U.S.-based stablecoin issuer Circle to accelerate the adoption of the USDC stablecoin. The two companies announced their collaboration at the Abu Dhabi Finance Week on Dec. 11, and said they hope to “support the development of the global digital assets and broader financial services ecosystem.” The crypto exchange plans to extend the availability of USDC on its platform for trading, saving, and payments applications. Binance and...

by Adrian Zmudzinski · 3 min read

Sep 28, 2024

Markets

Could Robinhood and Revolut Find Stablecoin Success Where PayPal Stumbled?

Fintech heavyweights Robinhood, a U.S. investing app, and Revolut, a crypto-friendly neobank based in London, are considering launching their own stablecoins, unnamed sources told Bloomberg this week. The giants are eyeing the stablecoin market at a time when Tether (USDT), with its $119 billion market capitalization, accounts for roughly 68% of the $173.5 billion category. With Europe offering clearer regulatory frameworks, the fintech giants could bring a new wave of competition. However, the...

by Vismaya V · 4 min read

Apr 25, 2024

Coins

Payments Giant Stripe Reenters Crypto With USDC on Ethereum, Solana and Polygon

Payments processor Stripe is back in the crypto game after announcing today that it will soon allow merchants to receive funds in the USD Coin (USDC) stablecoin. Starting this summer, the San Francisco-based firm will let companies that use its technology accept USD Coin (USDC) for online payments. USDC is the second biggest stablecoin in the crypto space and the sixth biggest cryptocurrency by market cap. “We’re excited about empowering Stripe users to accept stablecoin payments, helping them...

by Mat Di Salvo · 2 min read

Oct 31, 2023

Business

Retail Investors Can No Longer Mint USDC Directly Through Circle

USDC stablecoin issuer Circle will discontinue support for legacy consumer accounts, the company said on Tuesday. The USD Coin token is a U.S. dollar-pegged stablecoin, meaning that Circle maintains $1 in reserves—in cash or cash equivalents—to back each of the $25 billion worth of tokens in circulation. USDC is the second-most popular dollar-backed stablecoin behind Tether (USDT), which on Tuesday had a market capitalization of $85 billion, according to CoinGecko. “Circle is phasing out support...

by Stacy Elliott · 3 min read

Sep 29, 2023

Law and Order

Stablecoin Legislation Looms Despite Threat of Government Shutdown

House Financial Services Committee Chair Patrick McHenry signaled on Friday that stablecoin regulation is still top of mind, despite a potential government shutdown looming on the horizon. “Things are complicated right now,” McHenry said, speaking over Zoom to a crowd gathered in New York at a forum organized by stablecoin issuer Circle. “But I'm gonna do my best to get this to the president's desk.” Stablecoins are digital assets pegged to the price of a sovereign currency like the U.S. dollar....

by André Beganski · 3 min read

Aug 21, 2023

Business

Coinbase Acquires Stake in Circle, Dissolving USDC Issuer Centre

Centre Consortium, which issues second-largest stablecoin USDC, has been dissolved as Coinbase acquires a minority share in Circle Internet Financial, according to a blog post from the company. "Centre will no longer exist as a stand-alone entity and Circle will remain as the issuer of USDC, bringing any Centre governance and operations responsibilities in-house," Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong said in a jointly-authored blog post. The announcement added that revenue...

by Stacy Elliott · 3 min read

Apr 19, 2023

Business

Congress Is 'Starting From Scratch' on Stablecoin Legislation

Members of the U.S. House Financial Services Committee turned their attention to stablecoins Wednesday, picking up where they left off on regulation pushed back last year. But lawmakers said any progress made since then is tenuous at best. FSC ranking member Maxine Waters (D-CA) suggested that lawmakers are “starting from scratch” after Republicans made alterations to a bill that died on the vine last year ahead of the midterm election called the Stablecoin TRUST Act. Lawmakers’ most recent pass...

by André Beganski · 6 min read

Mar 11, 2023

Coins

Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank

USDC stablecoin issuer Circle has claimed that it will “cover any shortfall” caused as a result of the $3.3 billion in its funds held by the collapsed Silicon Valley Bank. In a blog post, Circle wrote that the company is legally obliged to “stand behind” USDC and will cover any shortfall using corporate resources—and "external capital if necessary"—to ensure that the stablecoin can be redeemed at a ratio of 1 for 1 with the U.S. Dollar. CEO Jeremy Allaire reiterated the commitment in a Twitter t...

by Jason Nelson · 3 min read

Jan 10, 2023

Business

Crypto.com Will Delist Tether in Canada to Comply With Ontario Regulator

Cryptocurrency exchange Crypto.com will no longer facilitate transactions involving Tether in Canada and plans to delist the largest stablecoin by market capitalization for customers in the region. “Crypto.com has delisted USDT for users in Canada in accordance with instructions from the Ontario Securities Commission (OSC) as part of our pre-registration undertaking for a restricted dealer license,” a spokesperson for Crypto.com told Decrypt. Canadian users of the exchange were notified about th...

by André Beganski · 4 min read

Nov 15, 2022

Business

Circle Reveals FTX Exposure, Says USDC Conversions on Binance Have Hurt Projections

The collapse of FTX and automatic conversions of USD Coin on Binance will cause Circle’s performance to be “materially lower” than the projections it made in February, the company said in a new regulatory filing. In it, Circle disclosed that the “tiny” FTX equity that Circle CEO Jeremy Allaire alluded to on Twitter last week is a $10.6 million investment the company made in the FTX Group, according to new regulatory filings. Relatively speaking, the $10.6 million probably is small for Circle....

by Stacy Elliott · 5 min read

Oct 24, 2022

Coins

MakerDAO Votes to Custody $1.6 Billion in USDC With Coinbase

Coinbase will custody $1.6 billion worth of MarkerDAO’s USD Coin (USDC) treasury with its institutional-grade service, allowing the DAO to earn up to 1.5% rewards on the funds. The proposal was ratified with 75% of the votes in favor on Monday afternoon after Coinbase Institutional submitted it on September 6. The USDC represents one-third of the treasury backing the Peg Stability Module, which allows users to deposit collateral in exchange for DAI, Maker’s U.S. dollar-pegged stablecoin. Maker w...

by Stacy Elliott · 3 min read

Oct 10, 2022

Coins

Circle’s USDC Stablecoin Has Lost All Its Post-Terra Gains

After a 7-week rally in May and June that sent USD Coin’s market capitalization above $56 billion, an all-time high, Circle’s stablecoin has now lost all the ground it gained earlier this year. On Monday, USDC had a market cap of $46 billion—the lowest it’s been since January of this year. USDC was recently dealt a blow from an effort to “enhance liquidity and capital-efficiency” at Binance. At the start of September, the world’s largest crypto exchange by volume said that it would begin autom...

by Stacy Elliott · 3 min read

Sep 28, 2022

Business

Stablecoin Markets Shift as Binance Begins USDC Conversions

Binance conversions of Circle's USDC, Paxos's Pax Dollar, and TrueUSD to the exchange’s own stablecoin, Binance USD, have begun. And the effects on the stablecoin market are already being felt. Since Binance's announcement that it would discontinue support for competing stablecoins on its exchange, the world's largest by volume, USDC outflows from Binance—that is, the number of USDC stablecoins leaving the exchange—are up by 93%. Meanwhile, USDC's market cap has fallen by 5%. As of Wednesday af...

by Stacy Elliott · 5 min read

Sep 7, 2022

Coins

Tether’s Lead Over USDC Hits $16B as Binance Moves to Limit Stablecoin Competitors

For a while there, it looked like Circle’s USDC stablecoin was within range to overtake Tether, its biggest competitor. Starting in June and through the end of July, the gap between the two stablecoins’ market capitalizations hovered around $10 billion. While that’s still a pretty sizable lead, keep in mind that USDT and USDC started the year with $36 billion worth of daylight between them. But things have shifted dramatically since then. At the time of writing, USDT’s market cap is $68 billion...

by Stacy Elliott · 3 min read

Sep 6, 2022

Business

Russia Wants to Use Stablecoins to Get Around Western Sanctions

Russia is advancing its crypto strategy to circumvent Western sanctions. Deputy Finance Minister Alexey Moiseyev today said the country is exploring stablecoins to make payments with “friendly countries,” according to Russian state news agency Tass. The country’s biggest news agency quoted Moiseyev saying that Russia is working to “create bilateral platforms” with “tokenized instruments” to avoid using U.S. dollars and euros. Stablecoins are a type of cryptocurrency pegged to another asset, l...

by Mat Di Salvo · 2 min read

Jun 21, 2022

Long Reads

As Tether Faces Billions in Redemptions, Circle's USDC Is Gaining Ground

During a Crypto Winter, investors tend to stash a portion of their bull market gains in stablecoins to wait out the downturn. But over the past two months—through Terra's UST stablecoin collapse, panic over a potential bank run at crypto lending company Celsius, and insolvency for crypto hedge fund Three Arrows Capital—that bearish behavior has played out very differently for the two largest stablecoins by market capitalization: Tether (USDT) and US Dollar Coin (USDC). While Tether’s market cap...

by Stacy Elliott · 8 min read

May 18, 2022

Coins

The Big 'Winner' From the Crypto Crash? USDC Stablecoin

When Terra and its UST stablecoin collapsed last week in tandem with a marketwide crypto crash, things looked very shaky for crypto in general and stablecoins in particular. But the crash produced at least one winner in terms of market cap and, potentially, reputation: USDC stablecoin. As UST was headed for zero and USDT (Tether) was processing billions in redemptions, USDC was padding its market cap. At the start of the crash on May 8, USD Coin had a market capitalization between $48 billion an...

by Jeff Benson · 5 min read

May 11, 2022

Coins

Crypto Exchanges ‘Trading Against Their Customers,’ Says SEC Chair Gensler

Securities and Exchange Commission chair Gary Gensler leveled sharp criticism at cryptocurrency exchanges and stablecoins during an interview on Tuesday. Gensler took issue with the fact that many of the largest cryptocurrency exchanges run custody, market-making, and trading services without keeping them separate the way traditional exchanges are required to. “Crypto’s got a lot of those challenges—of platforms trading ahead of their customers,” Gensler told Bloomberg. “In fact, they’re trading...

by Stacy Elliott · 2 min read

May 10, 2022

Coins

What Terra's Meltdown Means for Centralized Stablecoins Tether and USDC

As the market panics over the implications of Terra’s UST losing its dollar peg, questions have been raised about its asset-backed stablecoin competitors, Tether and USD Coin. Tether (USDT) and USD Coin (USDC)—the two largest stablecoins by market cap, respectively—are backed by the U.S. dollar, meaning that the issuers of these coins ostensibly maintain reserves of cash or cash equivalents to back each coin that’s in circulation. The idea being that if an investor decided to redeem their USDT...

by Stacy Elliott · 5 min read

Mar 31, 2022

Business

USDC Reserves Will Be Custodied With BNY Mellon, Says Circle

Circle has selected Bank of New York Mellon as its primary custodian for USD Coin (USDC) reserves. In the past six months, Circle has seen its valuation double to $9 billion and the market cap of its USDC stablecoin increase 60% to $51 billion. “Building trust, stability and resilience in the digital asset economy is foundational to Circle’s mission,” said Circle co-founder and CEO Jeremy Allaire. “As we continue to see exponential growth in USDC, the opportunity to work with BNY Mellon is one...

by Stacy Elliott · 3 min read