USD Coin (USDC)

stablecoin
eth token
#25

Marketcap Ranking

1.013587 (0.54%) arrow_drop_up

Market Price (24h change)

447,365,766

Total Market Cap

2.1

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info_outline What is USD Coin

4.5

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Short Description

True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD//Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added. As more goods and services are tokenized, smart contract platforms will become fundamental building blocks of value exchange. CENTRE’s open-source and transparent stablecoin framework allows fiat to interact with smart contracts, giving developers a viable way to use real world currencies in blockchain applications. CENTRE stablecoins are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency. Issuers are required to regularly report USD reserve holdings, and that information will be made available upon request.

There is no technology description for USD Coin yet.

We can not provide any looks into the future for USD Coin yet.

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Introduction Video

Tether (USDT) - Clearly Explained | Nugget's News

What is Tether (USDT) - Clearly Explained In this video I explain how USDT - tether works and if it is a fully backed stable coin cryptocurrency. Firstly, thanks for ...

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Screenshot from Website

www.centre.io
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Website Informationclose

Organization:
Name:
Country:
City:
Zipcode:
Address:
Mail:
Creation date: 2014-07-10
Expiration date: 2020-07-10
Nameserver: NS-27.AWSDNS-03.COM

attach_money Product Analysis

4.6

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Whitepaper

True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD//Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added. As more goods and services are tokenized, smart contract platforms will become fundamental building blocks of value exchange. CENTRE’s open-source and transparent stablecoin framework allows fiat to interact with smart contracts, giving developers a viable way to use real world currencies in blockchain applications. CENTRE stablecoins are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency. Issuers are required to regularly report USD reserve holdings, and that information will be made available upon request.


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Close Competitors

  • 1.) Tether

    Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens*. *1USDT =/= 1USD - according to ToS (Terms-of-service) of Tether Limited Company - Tether tokens are not money, although they are backed by the currency used to purchase them at issuance. Currently Tether operates on a several blockchain platforms: Omni, Ethereum, TRON, Algorand, EOS.

  • 2.) Dai

    Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.

  • 3.) TrueUSD

    TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.

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Product analysis

The exact founding date of USD Coin is unfortunately not that clear. never released their source code, which makes it an intransparent and hidden project with no guarantee that their product works or is being developed.
Organization wise, USD Coins Development is Centralized and is being developed under the lead of a non-public figure..

The consensus on which the USD Coin network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of USD Coin currently is Working product

group Community Analysis

1.7

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Communities & Events

There is no official USDC-subreddit yet

view_list Subreddit
person Subscribers
directions_run Active Users
create Daily Posts
speaker_notes Daily Comments
linkOpen Subreddit

USDC GROUP

view_list USDC Group Channel
person 93 Members
directions_run 10 Online
linkOpen in Telegram

There is NO official Twitter account for USD Coin yet

view_list Channel
person 1 Followers

There are no events for USD Coin in the next 3 Months

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Google Trends Analysis


The Google Trends chart displays the search interest on google in USD Coin relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

1.0

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Github Analysis


USD Coin is not open source and can therefore not be analyzed. This will automatically give USD Coin a rating of 1 as a penalty for not being open-source.

attach_money Price Analysis

4.3

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Price Prediction

$ 1.008341 (-0.02%) arrow_drop_down

Predicted USD Market Price in 24h

$ 1.014222 (0.57%) arrow_drop_up

Predicted USD Market Price in 14d

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Converter USDC - USD

Convert between USDC and USD with the live USD Coin prices, aggregated from all big exchanges that trade USD Coin.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

1.0

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind USD Coin.


supervisor_accountSocial Network Links

Members (0)

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance USDC/BTC $ 1.011798 $ 5,883,240 check
# 2 Binance USDC/USDT $ 1.012226 $ 4,453,913 check
# 3 Poloniex USDC/BTC $ 1.010547 $ 3,103,398 check
# 4 Coinbase Pro USDC/BTC $ 1.011444 $ 1,886,822 check
# 5 Coinbase Pro USDC/BAT $ 1.011764 $ 1,383,977 check
# 6 Binance USDC/ETH $ 1.012057 $ 704,097 check
# 7 Coinbase Pro USDC/DAI $ 1.010629 $ 494,949 check
# 8 Poloniex USDC/USDT $ 1.012125 $ 355,455 check
# 9 Coinbase Pro USDC/ETH $ 1.012057 $ 277,989 check
# 10 Binance USDC/LTC $ 1.010343 $ 182,624 check

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