USD Coin

3
Predicted performance
Price prediction in 3M

0.95163166 3.35%

Historical
Future
0%
Users opinion

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What is USD Coin all about

What is USD Coin all about

All-Time High • May 08 2019

1.05

All-Time Low • May 19 2021

0.730265

Market Cap

52,568,026,733

Market Cap 24h

-102,332,700 -0.19%

Total Volume

6,399,275,078

All Time High Change

-5.98%

All Time Low Change

+34.9%

USD Coin (USDC) which launched in September 2018 is a stable coin pegged to the United States Dollar. It is a type of fiat-collateralized currency. This means that every USDC is backed by fully reserved assets. These include 1 USD or any U.S. regulation-approved asset of equal value. USDC is natively an ERC-20 token on the Ethereum blockchain, but it is now available on other chains such as Avalanche, or Solana.

USDC was developed by Centre Consortium, founded by Circle and Coinbase in 2017. Circle is a P2P (peer-to-peer) payment company. Meanwhile, Coinbase is one of the largest cryptocurrency exchange platforms.

The main goal of USDC is the tokenization of the United States Dollar. Since 1 USDC is always an equivalent of 1 USD, this stablecoin is seen as a safe place in times of high market volatility. By utilizing blockchain technology USDC also gains in terms of security and transparency. Another major benefit is the speed of transaction processing. Any USDC transfers would be nearly instantaneous no matter the date, time of day, and region of the world.

USDCs transparency policy extends even outside of the blockchain environment. An accounting and audit company Grant Thornton runs monthly attestation on USDC. The attestation "reserve account reports" are available for download on Circle's website.

Circle allows developers to create decentralized applications (DApps) which utilize USDC. Circle's APIs (Application Programming Interfaces) have a set of core functions. They give the ability to transfer USDC, as well as regular fiat currency, which gets converted into USDC. Users and businesses may then use USDC for everyday payments. Such an approach lets businesses build commerce in a more open, global, and extensible way.

USD Coin Profit Calculator

USD Coin Profit Calculator

Date of investment

04.10.2018

Initial investment

EUR

Bought

USDC
NaN%

Today's value would be

0
12.69%
Investment
Profit

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Questions & Answers

USDC Questions & Answers

At what point did USD Coin's price reach its highest?

Osom expert

We saw the highest spike in the price of USD Coin on 2019-05-08, when it was at 1.05 EUR.

What is the current USD Coin price?

Osom expert

Current price of USD Coin is 0.98 Euro.

Do social media users engage in USD Coin discussions?

Osom expert

0 users participated in discussing USD Coin online on Reddit in the last 48 hours. USD Coin's Twitter profile is followed by 95194 users.

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10 days USD Coin price forecast

10 days USD Coin price forecast

DayPrice PredictionChange
2021-12-040.8840547-10.21%
2021-12-050.88425483+0.02%
2021-12-060.88330084-0.11%
2021-12-070.88340273+0.01%
2021-12-080.88373643+0.04%
2021-12-090.88424527+0.06%
2021-12-100.88375677-0.06%
2021-12-110.8839024+0.02%
2021-12-120.88433337+0.05%
2021-12-130.88364566-0.08%

Long term USD Coin price prediction

MonthPrice PredictionChange
January 220.89686083-8.91%
February 220.93251+3.97%
March 220.95017862+1.89%
April 220.9878633+3.97%
May 221.01+2.39%
June 221.02+0.65%
July 221.04+2.11%
August 221.04+0.14%
September 221.04+0.28%
October 221.06+1.49%
November 221.06+0.29%
December 221.08+1.71%

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