USD Coin (USDC)

Stable coin backed by Coinbase

#14

Marketcap Ranking

1.002777 (-0.57%) arrow_drop_down

Market Price (24h change)

2,246,061,185

Total Market Cap

2.7

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info_outline What is USD Coin

4.7

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USD Coin Short Description

USD Coin (USDC) is a fully collateralized US Dollar stablecoin based on the open source fiat stablecoin framework developed by Centre, a consortium founded by Circle and Coinbase. USDC tokens are ERC-20 compatible and can be used with any ERC-20 compatible digital wallet or service.

Customers from around the world can tokenize US Dollars into USDC and / or redeem USDC back into US Dollars with Circle (https://usdc.circle.com) and Coinbase (https://www.coinbase.com). USDC is fully collateralized - every unit of USDC is only ever issued after a corresponding US Dollar is deposited in reserve bank accounts.

Reserve funds are held with multiple US-based banks. USDC is built on openness and accountability, enshrined in the governance and technology standards effort of Centre..

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USD Coin Explanation Video

Goldman Sachs Launches A New Crypto – The Circle USD Coin | CryptoCoin.News

Goldman Sachs Launches A New Crypto – The Circle USD Coin Subscribe: http://bit.ly/CryptoCoinNewsYT For the first time ever, a cryptocurrency will be ...

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Screenshot from Website

www.centre.io
USD Coin Websitemore_vert

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Website Informationclose

Organization: Unknown
Name: Unknown
Country: Unknown
City: Unknown
Zipcode: Unknown
Address: Unknown
Mail: Unknown
Creation date: 2014-07-10
Expiration date: 2021-07-10
Nameserver: NS-27.AWSDNS-03.COM

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4.8

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USD Coin 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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USD Coin 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.

  • 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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USD Coin Product Analysis

The exact founding date of USD Coin is unfortunately not that clear. Its source code was released publicly on github on February 2018 under the MIT License license.
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 USD Coin Community Analysis

1.7

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USD Coin 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 57 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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USD Coin Google Trends


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 USD Coin Development Analysis

2.2

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USD Coin Github Analysis

Code Updates (Commits)


Every change to the codebase of USD Coin is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 141 Stars
remove_red_eye 19 Watchers
usb 89 Forks
sync_problem 3 Open Issues
border_color 6.29 % Comment Coverage
lock_open MIT License License

attach_money USD Coin Price Analysis

4.1

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USD Coin Price Prediction

$ 1.003165 (0.07%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 1.001291 (-0.12%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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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 USD Coin Team Analysis

4.0

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USD Coin Team

USD Coin Team Leader

USD Coin Team Members (0)

compare_arrows USD Coin Exchanges

USD Coin Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance USDC/USDT $ 1.002538 $ 29,036,397 check
# 2 Binance USDC/BTC $ 1.001071 $ 12,621,760 check
# 3 Binance USDC/ETH $ 1.001834 $ 9,365,708 check
# 4 Coinbase Pro USDC/ETH $ 1.000534 $ 1,840,201 check
# 5 Coinbase Pro USDC/BTC $ 1.001329 $ 1,748,113 check
# 6 Kraken USDC/USD $ 1.000000 $ 1,264,541 check
# 7 Binance USDC/TRX $ 1.000920 $ 1,140,719 check
# 8 Coinbase Pro USDC/ZEC $ 1.004800 $ 1,138,932 check
# 9 Coinbase Pro USDC/BAT $ 1.003206 $ 1,042,990 check
# 10 Poloniex USDC/BTC $ 1.001692 $ 777,774 check

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