USD Coin (USDC) Price Reaches $1.00 on Major Exchanges

USD Coin (USDC) traded 0% lower against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on July 23rd. One USD Coin token can now be bought for $1.00 or 0.00001517 BTC on major exchanges. USD Coin has a total market capitalization of $34.12 billion and approximately $7.90 billion worth of USD Coin was traded on exchanges in the last day. In the last week, USD Coin has traded down 0% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded 4.4% lower against the dollar and now trades at $0.19 or 0.00000287 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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.
• 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 up 0.6% against the dollar and now trades at $0.0128 or 0.00000019 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About USD Coin

USD Coin launched on October 31st, 2018. USD Coin’s total supply is 34,127,333,645 tokens. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here. USD Coin’s official message board is medium.com/centre-blog. USD Coin’s official website is www.centre.io/usdc.

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

USDC/USD price chart by TradingView