USD Coin (USDC) Market Capitalization Reaches $33.43 Billion

USD Coin (USDC) traded 0% lower against the US dollar during the 1-day period ending at 22:00 PM E.T. on May 3rd. USD Coin has a market cap of $33.43 billion and $7.19 billion worth of USD Coin was traded on exchanges in the last 24 hours. During the last week, USD Coin has traded 0% lower against the US dollar. One USD Coin token can currently be purchased for about $1.00 or 0.00001588 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded up 3.1% against the dollar and now trades at $0.30 or 0.00000477 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 0.7% against the dollar and now trades at $0.0101 or 0.00000016 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

USD Coin Profile

USD Coin was first traded on October 31st, 2018. USD Coin’s total supply is 33,429,187,823 tokens. 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. The official message board for USD Coin is medium.com/centre-blog.

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 possible to purchase alternative cryptocurrencies such as USD Coin directly using US dollars. Investors seeking to trade USD Coin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase USD Coin using one of the aforementioned exchanges.

USDC/USD price chart by TradingView