Price Information
1 Year Change
All Time High
$1.91 -47.51%
About USDC
USDC Price Pulse: What’s Moving It?
USDC, or USD Coin, is a stablecoin pegged to the US Dollar, currently valued at $1.00. Its price remains relatively stable, with a slight 24-hour uptick of 0.04%. This minimal price fluctuation reflects USDC’s design as a digital asset meant to maintain parity with the US Dollar, making it a popular choice in the cryptocurrency ecosystem for traders and investors seeking stability.
The current market capitalization of USDC is approximately $74.7 billion, indicating strong adoption and liquidity within the digital asset space. Price movements in USDC are not driven by typical market volatility seen in other cryptocurrencies but rather influenced by factors such as changes in demand for digital dollars, regulatory developments, and the trust in the underlying reserves backing the stablecoin.
USDC Price Catalysts: Bull Case & Bear Case
Bull Case: The strength of USDC lies in its transparency and regulatory compliance. Backed 1:1 by US Dollar reserves, its growing market cap suggests rising trust among investors and businesses using stablecoins for trading, remittances, and decentralized finance (DeFi) activities. Enhanced adoption by institutional investors and integration into payment systems could further boost demand, potentially raising trading volumes and reinforcing its stability.
Bear Case: Despite its stability, USDC faces potential risks. Regulatory scrutiny of stablecoins could lead to increased compliance costs or operational restrictions. If the reserves backing USDC are questioned or audited negative, this could trigger diminished confidence. Additionally, competition from other stablecoins or central bank digital currencies (CBDCs) might dampen USDC’s market share and hinder its growth.
Frequently asked questions
USDC’s slight price increase of 0.04% is primarily due to marginal shifts in demand and supply dynamics in the crypto market. As a stablecoin, its price remains close to $1.00, and small fluctuations reflect temporary liquidity changes rather than typical price volatility.
USDC offers stability relative to other cryptocurrencies and is useful as a digital dollar substitute. However, it is not typically an investment for price appreciation but a tool for risk management, trading, and liquidity.
USDC maintains its peg through full backing by US Dollar reserves held in regulated financial institutions, and the issuer's commitment to redeem USDC tokens for one US Dollar at any time.
While rare, price deviation can occur temporarily due to market liquidity issues, regulatory news, or questions about reserve backing. However, arbitrage mechanisms usually correct any significant deviations quickly.
USDC is considered one of the safer stablecoins due to its transparency, regular audits, and regulatory compliance. However, investors should still be aware of systemic risks within the crypto ecosystem.
Yes, USDC is increasingly accepted for payments, remittances, and within decentralized finance (DeFi) platforms, making it a versatile digital asset beyond just trading.
Popular USDC Exchanges
eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.
Rating:
3.2
Reviews:
5
Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.
Rating:
2.8
Reviews:
23
Figure Markets is a new crypto trading platform where users fully control their own funds, with low trading fees and up to 8% interest on stablecoins.
Cryptomus offers a secure, user-friendly platform for buying, selling, and managing crypto, with P2P trading, staking (up to 20% APR), and mobile access for seamless transactions.
Rating:
4.9
Reviews:
3
Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.
Rating:
3.4
Reviews:
13
Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.
Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.
Rating:
3.9
Reviews:
33
Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
Rating:
3.5
Reviews:
20
Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy bitcoin, ether, and other cryptocurrencies. The company is expanding internationally into Europe and Asia.
Rating:
4.0
Reviews:
1
CoinJar is a platform for buying, selling, and managing Bitcoin and other cryptocurrencies. It caters to both everyday users and professional traders, offering user-friendly tools and ultra-competitive fees on the CoinJar Exchange. Among their products you can find a crypto wallet, exchange, and credit card.
Cryptocurrencies
$90,576.49
0.1 %Best price for Bitcoin at
$3,100.59
0.4 %Best price for Ethereum at
$1.00
0.0 %Best price for Tether at
$2.03
-0.4 %Best price for Ripple at
$911.37
1.5 %Best price for Binance Coin at
$136.39
0.1 %Best price for Solana at
$1.00
0.0 %Best price for USDC at
$3,107.54
0.4 %Best price for Lido Staked Ether at
$0.30
0.3 %Best price for TRON at
$0.14
-0.1 %Best price for Dogecoin at
Save Money on Your Next Crypto Purchase
- Best Places to Buy BTC Bitcoin
- Best Places to Buy ETH Ethereum
- Best Places to Buy SOL Solana
- Best Places to Buy XRP Ripple
- Best Places to Buy BNB Binance Coin
- Best Places to Buy ADA Cardano
- Best Places to Buy DOT Polkadot
- Best Places to Buy DOGE Dogecoin
- Best Places to Buy SHIB Shiba Inu
- Best Places to Buy SUI SUI
