USDC Specifications

Type

TOKEN

Algorithm

Ethash

Protocol

POW

Start Date

24/09/2018

Max Supply

Circ. Supply

48,193,206,470

Website

Explorer

Social Media

Info

USD Coin (USDC) is a fully-backed stablecoin pegged to the US dollar, providing a reliable digital asset for secure and transparent transactions. USDC is widely used for cross-border payments, token swaps and as a medium of exchange in the cryptocurrency ecosystem. Its compatibility with multiple blockchains makes it a flexible tool for decentralized applications.

Market Impact

USDC has significantly shaped the crypto market by offering a trusted stablecoin for trading and financial operations. It is frequently used in token swaps to mitigate market volatility and provide liquidity in DeFi protocols. As a popular asset on centralized and decentralized exchanges, USDC has facilitated secure payments and fostered adoption of stablecoins as a reliable medium for digital transactions.

History

USDC was created in 2018 by Circle and Coinbase through the Centre Consortium to meet the need for a stable digital currency. Originally launched on Ethereum, USDC has expanded to blockchains like Solana, Tron and Binance Smart Chain, enabling faster and cost-efficient transactions. Its adoption in decentralized exchanges and DeFi platforms has made it a preferred choice for seamless token swaps and liquidity management across various networks.

Features

Stable Value Guarantee
USDC maintains a 1:1 backing with the US dollar, ensuring consistent value for transactions and reducing the impact of market fluctuations.
Blockchain Flexibility
USDC operates on multiple networks, including Ethereum and Solana, allowing users to perform swaps and interact with decentralized applications efficiently.
Financial Transparency
With reserves audited regularly, USDC is a trusted asset for secure exchanges and widely adopted in both centralized and decentralized systems.

Website

Explorer

Social Media

*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.