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Rank #7
$ 1
+ 0.026%
24H Low$0.9959
24H High$1
24H Volume
All-Time High(ATH)
All-Time Low(ATL)
Market Cap
Fully Diluted Valuation
Market Cap/FDV
Circulating Supply
24.73B USDC
Total Supply
24.73B USDC
Max Supply
Market Sentiment
* Data from 3rd parties

USDC (USDC) Price Trends

Time period
Change amount
% Change
$ 0.001200
$ 0.0002612
$ 0.0008182
$ 0.001132
$ 0.001231
$ -0.00004101

Live USDC (USDC) Price Update

USDC price today is $1 with a 24-hour trading volume of 11.06B, and as such USDC has a market cap of 24.78B, giving it a market dominance of 1.21%. The USDC price moved 0.02609% in the last 24 hours.

USDC reached its highest price on 2019-05-08 when it was trading at its all-time high of $1.17, while its lowest price was recorded on 2023-03-11 when it was trading at its all-time low of $0.8776. The current lowest price since the last cycle high was $0.8776, and the highest price since the last cycle low was $1.17. The social sentiment of USDC is currently Positive.

The current circulating supply of USDC is 24.73B USDC. In terms of market cap, USDC is currently ranked 7.


USD coin (USDC) is a digital currency that is pegged with the price of the dollar. Like USDT, it is a stablecoin in the digital currency. It was jointly created by the financial technology company Circle and the digital currency exchange Coinbase and was launched in 2018.

Circle and Coinbase, the issuers of USDC, are licensed and regulated by the US government. In terms of collateral, USDC uses cash and short-term US debt as collateral, and is backed in a 1:1 ratio by the US dollar.

USDC was originally an ERC-20 token based on the Ethereum blockchain, and later gradually expanded to other blockchains (Algorand, Solana, Stellar, TRON, etc.).

How does USD Coin (USDC) Work?

USDC is issued by CENTER (a joint venture of Coinbase and Circle). Each USDC issued has corresponding equivalent assets (US dollars or short-term US bonds) as supporting reserves.

The following is the process of issuing and burning USDC:

Issuing USDC:
The customer remits US dollars to the bank account of the USDC issuer, and the issuer's USDC smart contract will create an equivalent USDC and deliver it to the customer.

Burning USDC:
The customer sends a request to the USDC issuer to convert the USDC into US dollars, and the issuer sends a request to the USDC smart contract to exchange US dollars, obtains the corresponding value of US dollars in the reserve, remits it to the customer's bank account, and burns the corresponding value of USDC in circulation.

What is USD Coin (USDC) ?

USDC is the second largest stablecoin with market value second only to USDT. Since it is pegged with the fiat currency, investors can use USDC and other cryptocurrencies as a combination to hedge against market price fluctuations, so as to avoid excessive losses in the event of market volatility.

Compared with other stablecoins, the most special feature of USDC is that its issuer is a compliant licensed enterprise regulated by the US government.

USD Coin (USDC) Crypto Wallet

In addition to placing USDC in the Gate.io exchange to facilitate trading, USDC can also be placed in the crypto wallet.

There are many choices of USDC crypto wallets. You can choose your own cold wallet or hot wallet based on your needs.


1. What determines the price movement of USDC?

There are two schools of thought in determining the price of USDC.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of USDC, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of USDC from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of USDC on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for USDC as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for USDC and the cryptocurrency market as a whole.


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