USDC
USDC
$0.9999
Current Price
+0.01%
24h Change
Info
USDC
Symbol
$73.98B
Fully Diluted Valuation
$73.99B
Market Cap
6
Market Rank
74.44B
Total Supply
$18.88B
Total Volume
$1.00
24h High
$0.999741
24h Low
About USDC
USD Coin (USDC) is a stablecoin designed to address the volatility inherent in cryptocurrencies by maintaining a 1:1 value peg with the U.S. dollar. Its core mission is to offer a stable and reliable digital currency that combines the benefits of blockchain technology with the stability of traditional fiat currencies. USDC aims to facilitate seamless cross-border transactions, enhance financial inclusivity, and provide a trustworthy medium of exchange in the digital economy. By offering stability, USDC serves as a bridge for users and businesses to transition from traditional financial systems to blockchain-based solutions without the risk of price fluctuations. Technologically, USDC operates on several major blockchain platforms, including Ethereum, Algorand, Solana, and Stellar, leveraging their robust infrastructures for secure and efficient transactions. It is an ERC-20 token on Ethereum, which ensures compatibility with a wide array of decentralized applications and services. USDC's transparent issuance and redemption process, backed by regular attestations of reserves by independent accounting firms, enhances its credibility. The token plays a pivotal role in the decentralized finance (DeFi) ecosystem, facilitating lending, borrowing, and liquidity provision. With strategic partnerships, including major financial institutions and crypto exchanges, USDC has achieved significant market adoption, becoming one of the leading stablecoins used for remittances, trading, and as a stable store of value in the crypto space.
Start trading USDC (USDC) on Backpack Exchange with competitive fees and advanced trading tools.
FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
Buy USDC with the Backpack App
Download Backpack to buy, sell and manage your crypto on the go
Top Movers
