USD Coin (USDC) Market Capitalization Tops $34.85 Billion

USD Coin (USDC) traded up 0% against the US dollar during the one day period ending at 14:00 PM ET on August 24th. During the last seven days, USD Coin has traded down 0% against the US dollar. One USD Coin token can now be bought for about $1.00 or 0.00001561 BTC on popular exchanges. USD Coin has a total market capitalization of $34.85 billion and $5.93 billion worth of USD Coin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 up 1.2% 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 14.8% against the dollar and now trades at $0.0619 or 0.00000096 BTC.
• P2P Solutions foundation (P2PS) traded up 2.2% against the dollar and now trades at $159.76 or 0.00249354 BTC.

USD Coin Token Profile

USD Coin launched on October 31st, 2018. USD Coin’s total supply is 34,850,630,326 tokens. 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. USD Coin’s official website 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.”

Buying and Selling USD Coin

It is usually not currently 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 Changelly, GDAX or Gemini. 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