USD Coin (USDC) Trading Up 0% This Week

USD Coin (USDC) traded up 0% against the dollar during the 24-hour period ending at 21:00 PM E.T. on August 18th. USD Coin has a market cap of $34.80 billion and approximately $3.30 billion worth of USD Coin was traded on exchanges in the last day. Over the last seven days, USD Coin has traded up 0% against the dollar. One USD Coin token can currently be bought for $1.00 or 0.00001714 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 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 0.1% lower against the dollar and now trades at $0.0136 or 0.00000023 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 0% higher against the dollar and now trades at $0.0530 or 0.00000090 BTC.

USD Coin Token Profile

USD Coin launched on October 31st, 2018. USD Coin’s total supply is 34,834,061,536 tokens and its circulating supply is 34,798,469,634 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.”

USD Coin Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as USD Coin directly using US dollars. Investors seeking to trade USD Coin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy USD Coin using one of the aforementioned exchanges.

USDC/USD price chart by TradingView