USD Coin Tops One Day Volume of $6.58 Billion (USDC)

USD Coin (USDC) traded 0% lower against the dollar during the 1-day period ending at 13:00 PM ET on August 14th. USD Coin has a market capitalization of $34.60 billion and $6.58 billion worth of USD Coin was traded on exchanges in the last day. One USD Coin token can now be purchased for about $1.00 or 0.00001691 BTC on major cryptocurrency exchanges. In the last seven days, USD Coin has traded 0% lower against the dollar.

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

  • 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 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 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% 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 2.3% against the dollar and now trades at $0.0131 or 0.00000022 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
  • MVP Coin (MVP) traded down 10.3% against the dollar and now trades at $0.0526 or 0.00000089 BTC.

USD Coin Token Profile

USD Coin launched on October 31st, 2018. USD Coin’s total supply is 34,608,015,636 tokens. The official message board for USD Coin is medium.com/centre-blog. USD Coin’s official website is www.centre.io/usdc. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here.

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

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