USD Coin Trading Up 0.1% This Week (USDC)

USD Coin (CURRENCY:USDC) traded 0% higher against the US dollar during the 1-day period ending at 17:00 PM E.T. on January 14th. One USD Coin coin can currently be purchased for approximately $1.00 or 0.00002314 BTC on major cryptocurrency exchanges. USD Coin has a total market cap of $45.18 billion and approximately $4.03 billion worth of USD Coin was traded on exchanges in the last 24 hours. In the last week, USD Coin has traded up 0.1% against the US dollar.

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

  • Waltonchain (WTC) traded 0.3% lower against the dollar and now trades at $0.75 or 0.00001738 BTC.
  • Metaverse ETP (ETP) traded 4.8% lower against the dollar and now trades at $0.15 or 0.00000352 BTC.
  • DoragonLand (DOR) traded up 20.2% against the dollar and now trades at $0.0272 or 0.00000063 BTC.
  • DogyRace (DOR) traded up 3.7% against the dollar and now trades at $0.0251 or 0.00000058 BTC.
  • Altera (AEN) traded flat against the dollar and now trades at $0.26 or 0.00000566 BTC.

USD Coin Coin Profile

USD Coin (USDC) is a coin. Its launch date was October 31st, 2018. USD Coin’s total supply is 45,170,100,400 coins. USD Coin’s official website is USD Coin’s official message board is USD Coin’s official Twitter account is @centre_io and its Facebook page is accessible here.

According to CryptoCompare, “USD Coin (USDC) is a fully collateralized US Dollar stable coin. It is built on the open source fiat stable coin framework developed by CENTRE, and Circle is the first of several forthcoming issuers of USDC. USDC is designed to minimize price volatility and it does so by ensuring that every unit of USDC is only created when a corresponding US Dollar is deposited into a reserve bank account. Its major application at this point is as a mechanism for trading and hedging in global crypto capital markets. However, USDC is being adopted for use cases such as lending, payments, investments, and further applications within financial contracts such as derivatives contracts, insurance contracts, and security tokens.Commercial issuers of USDC are required by CENTRE to be licensed to handle electronic money; have audited AML and Compliance programs that meet FATF standards; back all tokens on a fully reserved basis and provide monthly published proof of reserves attested to by certified public auditors; support fungible exchange and redemption of USDC tokens from other authorized issuer members; meet other reporting and review requirements established by CENTRE Note that as a fully collateralized stablecoin, the supply is determined by the USD deposits being taken on issuing services such as Recently, CENTRE announced that Coinbase is joining Circle as a founding member of CENTRE Consortium, and as part of this USDC is now available on Coinbase Pro and “

USD Coin Coin Trading

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

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