USD Coin (USDC) Trading 0% Higher Over Last Week

USD Coin (USDC) traded up 0% against the U.S. dollar during the 1-day period ending at 22:00 PM Eastern on May 26th. In the last week, USD Coin has traded up 0% against the U.S. dollar. One USD Coin token can now be purchased for about $1.00 or 0.00003745 BTC on major cryptocurrency exchanges. USD Coin has a market capitalization of $29.09 billion and approximately $2.37 billion worth of USD Coin was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded up 2.8% against the dollar and now trades at $0.35 or 0.00001297 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.
• OmniaVerse (OMNIA) traded up 0.8% against the dollar and now trades at $0.0017 or 0.00000006 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.3% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
• Lego Coin (LEGO) traded up 25.2% against the dollar and now trades at $0.0198 or 0.00000074 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 down 2% against the dollar and now trades at $0.0088 or 0.00000033 BTC.

USD Coin Profile

USD Coin’s genesis date was October 31st, 2018. USD Coin’s total supply is 29,083,416,084 tokens. The official message board for USD Coin is medium.com/centre-blog. USD Coin’s official website is www.centre.io/usdc. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here.

According to CryptoCompare, “USDC is a stablecoin, a type of cryptocurrency that is designed to maintain a stable value relative to a specific asset, in this case, the US dollar. It is managed by the Centre consortium, co-founded by Circle and Coinbase, and overseen by Grant Thornton. USDC is fully collateralized, meaning that it is backed by dollar-denominated assets, which in this case are short-term US Treasury securities. USDC allows investors to buy it using fiat currency, and token holders can redeem their USDC tokens for dollars. It is widely used in the cryptocurrency market and has a number of use cases, including hedging against volatility, stable price-pegging, remittances, crowdfunding, payments for products and services, and financial services such as lending and borrowing. USDC is available on several blockchains and is widely used in the decentralized finance (DeFi) space.”

USD Coin Token Trading

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

USDC/USD price chart by TradingView