USD Coin Hits 1-Day Volume of $5.89 Billion (USDC)

USD Coin (USDC) traded 0% higher against the dollar during the 24-hour period ending at 12:00 PM Eastern on April 20th. One USD Coin token can now be purchased for approximately $1.00 or 0.00001558 BTC on exchanges. During the last seven days, USD Coin has traded down 0% against the dollar. USD Coin has a total market cap of $33.91 billion and approximately $5.89 billion worth of USD Coin was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 0.3% higher against the dollar and now trades at $0.33 or 0.00000517 BTC.
• 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 down 2.2% 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0.6% against the dollar and now trades at $0.0087 or 0.00000014 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

USD Coin Token Profile

USD Coin’s genesis date was October 31st, 2018. USD Coin’s total supply is 33,912,237,186 tokens. The official website for USD Coin is www.centre.io/usdc. USD Coin’s official message board is medium.com/centre-blog. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here.

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 possible to buy alternative cryptocurrencies such as USD Coin directly using US dollars. Investors seeking to trade USD Coin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy USD Coin using one of the aforementioned exchanges.

USDC/USD price chart by TradingView