USD Coin One Day Volume Tops $5.04 Billion (USDC)

USD Coin (USDC) traded up 0% against the U.S. dollar during the 1-day period ending at 22:00 PM ET on July 12th. During the last week, USD Coin has traded up 0% against the U.S. dollar. One USD Coin token can now be purchased for about $1.00 or 0.00001729 BTC on cryptocurrency exchanges. USD Coin has a market capitalization of $33.89 billion and $5.04 billion worth of USD Coin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 1.1% higher against the dollar and now trades at $0.19 or 0.00000323 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% 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 1.9% higher 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 2.2% higher against the dollar and now trades at $0.0129 or 0.00000022 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About USD Coin

USD Coin’s launch date was October 31st, 2018. USD Coin’s total supply is 33,887,929,519 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. The official website for USD Coin 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 presently possible to purchase alternative cryptocurrencies such as USD Coin directly using U.S. dollars. Investors seeking to acquire USD Coin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase USD Coin using one of the aforementioned exchanges.

USDC/USD price chart by TradingView