Key metricsKey metrics
PricePrice$1.0009
Asset TypeAsset TypeStablecoin
StructureStructureFor Profit Company
Project StatusProject StatusWorking Product
OwnershipOwnershipTrade Restriction
SectorSectorCurrency
IndustryIndustryBlockchain
FoundedFounded24-Oct-2018
CountryCountryUnited States
Key personKey personBrian Armstrong

USD Coin (USDC) Information{coin_name} ({symbol}) Information

All the benefits of cryptocurrency at a stable price

With USDC, you can move dollars anywhere in the world in minutes instead of days. Cheaply and securely. The tokens bring stability to crypto, opening up possibilities for trading, hedging risk, lending and beyond.

OrganizationsOrganizations

Circle Internet Financial Inc.

Company NumberCompany Number 531058
99 High Street, Suite 1701, Boston, MA 02110

Questions and AnswersQuestions and Answers

What is USDC and why is it important and needed?
USDC provides a fully collateralized US dollar stablecoin, and is based on the open source asset-backed stablecoin framework developed by CENTRE. As crypto assets have grown in their importance and adoption, it’s become vital to be able to use fiat currencies for payments and trading. A price-stable currency such as the US dollar (and similar stable currencies such as EUR, GBP, JPY, RMB, etc.) is critical for enabling mainstream adoption of blockchain technology for payments, as well as to support maturation in financial contracts built on smart contract platforms, such as tokenized securities, loans, and property.
How does a financial institution become an issuer of USDC?
Commercial issuers of USDC will be required by CENTRE to: Hold any / all applicable licenses in their operating jurisdictions, Have audited AML and Compliance programs that meet FATF standards, Hold reserves on a 1:1 basis with issued tokens and provide monthly published proof of reserves attested to by certified public auditors, Support fungible exchange and redemption of USDC tokens from other authorized issuer members, Meet other reporting and review requirements established by CENTRE
How much is worth 1 USDC?
It is pegged to 1 USD
How does USDC compare to other stablecoin initiatives under development?
There are a number of different stablecoin initiatives ranging from algorithmically-backed stablecoins to crypto-backed stablecoins to dollar-backed and hybrid projects that combine those approaches. The CENTRE framework focuses on providing a fiat asset-backed and denominated approach to stablecoins. We believe that during this phase of the market, most market participants don’t desire a new currency, but instead want to be able to use their existing major national or global reserve currencies on top of open public chains. Customers want price-stability and the trust and regulatory framework of existing central bank money but with the openness, speed, security and global reach of crypto powered networks.
How does USDC compare to other asset-backed stablecoins in production?
USDC is issued using the CENTRE open source framework and membership scheme, and it is available as a framework that multiple companies can leverage. Eventually other financial institutions will be able to become USDC issuers (and issuers of other fiat stablecoins - e.g. EURC, JPYC, GBPC), and customers will be able to tokenize USD and redeem USDC tokens in an open and interoperable ecosystem of financial institutions. A membership governance model for issuers shall ensure that they meet technical, operational, regulatory, compliance and audit requirements.
How does USDC work technically?
At a high level, customers who onboard through a USDC issuer can transfer funds into the system; the issuer then executes a series of commands with the CENTRE network to verify, mint, and validate USDC tokens, and the customer can transfer those tokens elsewhere as they see fit (subject to the token’s compliance controls). Redemption follows the reverse sequence: a customer requests a redemption from an issuer, and upon successful verification and validation, the appropriate USDC tokens are irrevocably deleted from circulation (“burned”), and funds from underlying reserves are transferred back to the customer’s external bank.
Can multiple companies issue USDC tokens? What about non-USD currency tokens?
Yes. By leveraging the CENTRE membership scheme and open source framework, many different financial institutions around the world could become issuers of USDC. In the future, CENTRE expects to exist as a global scheme in which members may join from any currency zone in the world.
What does it mean to tokenize USD?
Tokenization is the process by which a real-world asset, such as USD, is made available as a crypto-native token. There are three steps to tokenizing USD into USDC: A user sends USD to an issuers bank account.The issuer sends a request to the USDC smart contract to mint an equivalent amount of USDC. The issuer makes the newly-minted USDC available to the user, while holding the USD they were sent in reserve
What does it mean to redeem USDC?
When you redeem USDC, you essentially initiate the reverse process, exchanging a crypto-native token for the real-world asset it represents. In the case of redeeming USDC for USD: A user with USDC requests a redemption from a USDC issuer. The issuer takes the user’s USDC and sends a request to the USDC smart contract to take that USDC out of circulation. The issuer sends USD from its reserves to the user’s bank account (net of any fees)
Who is Circle USDC for?
The Circle USDC service is for users who wish to tokenize fiat currency into USDC or redeem USDC for fiat currency via wire transfer, subject to our KYC requirements, review process and our banking requirements.
Which countries are supported?
Supported countries: Andorra, Angola, Anguilla, Australia, Austria, Azerbaijan, Belgium, Benin, Bermuda, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Cayman Islands, Chad, Chile, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Guam, Guatemala, Guernsey, Holy See (Vatican City State), Hong Kong, Hungary, Iceland, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Jordan, Kenya, Republic of Korea, Lithuania, Luxembourg, Madagascar, Malawi, Malta, Mexico, Monaco, Mozambique, Netherlands, New Zealand, Niger, Norway, Peru, Poland, Portugal, Puerto Rico, Romania, San Marino, Senegal, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Turkey, United Arab Emirates, United Kingdom, United States (excluding HI, NY, MN), Uzbekistan, Vietnam, British Virgin Islands, U.S. Virgin Islands.

TechnicalTechnical

Key metricsKey metrics
Token InformationToken Information
USD Coin is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.

Source Code Repositories

centrehq/centre-tokens 84 Stars 12 Contributers 2 Open Issues

Source repository for fiat tokens on the CENTRE network.

EconomicsEconomics

Tradeable CoinsTradeable Coins
176,584,658 (42% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8 97,417,742.111114
0xa3d69e473f5b8506dc2c902488a464e4d3f1428c 19,932,500.276216
0x73565aaf0ea706d3442432225466c5d366d6bfda 14,875,352.379092
0xc4fed6b095a2c3ef5279730d0bda94676b71373b 13,024,624.922982
0x0bc57b1f2a47bfb031f4f277e82f0e4ae79f1b18 11,284,174
0xf977814e90da44bfa03b6295a0616a897441acec 11,000,000
0x48fbaa3fcfb8f6308e0f262f9937e0e7c569ec10 10,000,000
0x07aded0843657be39d27fe15f589e77f00d6875f 10,000,000
0x35dee4409c27276882ebe69f43fc55754d81bc69 8,007,180.920263
0xcd7e76c0c82dac50d988bfb2657c0998c35190ad 8,000,000
0x39aa39c021dfbae8fac545936693ac917d5e7563 6,877,985.173843 Compound USD Coin
0xc7f6133a5c680e4dd26dc7df4565cc03008a6285 6,500,000
0x2faf487a4414fe77e2327f0bf4ae2a264a776ad2 6,155,916.735507
0x67020561210744fcc1e6218bbba4d48a4ec83ab4 6,000,005
0xa910f92acdaf488fa6ef02174fb86208ad7722ba 5,675,845.078698 Poloniex 4
0xedbb72e6b3cf66a792bff7faac5ea769fe810517 4,834,793.467641 Liquid
0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be 4,784,152.210864 Binance 1
0xa700a7e660669ff27025b2db95af2e61bce910e6 4,166,749.68
0x07bb41df8c1d275c4259cdd0dbf0189d6a9a5f32 4,049,998.68
0xadb2b42f6bd96f5c65920b9ac88619dce4166f94 3,907,926.184455 Huobi 7

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance BTC/USDC $1.0009 0% $17,897,180 0.02% 0.05%
Binance USDC/USDT $1.0009 0% $7,951,326 0.02% 0.05%
Coinbase Pro BTC/USDC $1.0009 0% $5,171,500 0.05% 0.05%
Poloniex BTC/USDC $1.0009 0% $4,408,669 0.13% 0.13%
Binance ETH/USDC $1.0009 0% $1,854,325 0.1% 0.19%
Coinbase Pro BAT/USDC $1.0009 0% $1,598,895 0.33% 0.49%
Coinbase Pro DAI/USDC $1.0009 0% $1,027,938 0.17% 0.24%
Coinbase Pro ETH/USDC $1.0009 0% $932,836 0.2% 0.21%
Binance LTC/USDC $1.0009 0% $666,810 0.25% 0.35%
Binance USDC/PAX $0.9996 -0.14% $581,341 0.11% 0.11%
Coinbase Pro ZEC/USDC $1.0009 0% $565,941 0.1% 0.14%
Binance USDC/TUSD $1.0031 0.22% $532,524 0.1% 0.1%
Binance BNB/USDC $1.0009 0% $532,509 0.11% 0.2%
Binance EOS/USDC $1.0009 0% $292,413 0.26% 0.33%
Binance XRP/USDC $1.0009 0% $250,617 0.3% 0.3%
Poloniex XMR/USDC $1.0009 0% $247,735 0.66% 0.66%
Binance LINK/USDC $1.0009 0% $233,315 0.52% 0.61%
Poloniex ETH/USDC $1.0009 0% $220,669 0.26% 0.31%
Binance ADA/USDC $1.0009 0% $213,804 0.33% 0.49%
Binance TRX/USDC $1.0009 0% $204,251 0.35% 0.35%
Poloniex LTC/USDC $1.0009 0% $85,178 0.63% 0.63%
Poloniex XRP/USDC $1.0009 0% $84,232 0.54% 0.54%
Binance ZEC/USDC $1.0009 0% $75,766 0.6% 0.63%
Poloniex USDT/USDC $1.0009 0% $61,945 0.23% 0.25%
Binance XLM/USDC $1.0009 0% $47,133 0.34% 0.4%
Binance BAT/USDC $1.0009 0% $32,355 0.54% 2.1%
Binance BTT/USDC $1.0005 -0.04% $26,584 0.75% 1.5%
Coinbase Pro MANA/USDC $1.0009 0% $26,527 0.75% 1.3%
Binance NEO/USDC $1.0009 0% $26,363 0.56% 1.2%
Coinbase Pro LOOM/USDC $1.0009 0% $26,215 0.8% 16%
Coinbase Pro GNT/USDC $1.0009 0% $20,162 2.3% 3.5%
Coinbase Pro DNT/USDC $1.0009 0% $19,862 1% 7.8%
Poloniex ATOM/USDC $1.0009 0% $14,924 1.5% 1.5%
Gate.io USDC/USDT $1.0000 -0.1% $14,921 0.2% 0.7%
Binance ATOM/USDC $1.0009 0% $14,288 0.53% 0.53%
Coinbase Pro CVC/USDC $1.0009 0% $13,997 0.75% 1.7%
Binance ONT/USDC $1.0009 0% $12,901 0.54% 0.66%
Poloniex EOS/USDC $1.0009 0% $10,213 0.6% 1.1%
Poloniex ZEC/USDC $1.0009 0% $6,513.77 0.79% 0.79%
Poloniex DOGE/USDC $1.0008 -0.02% $5,024.32 0.31% 4.6%
Poloniex GRIN/USDC $1.0009 0% $4,754.11 0.31% 4.4%
Poloniex ETC/USDC $1.0009 0% $2,824.70 0.64% 1.4%
Binance WAVES/USDC $1.0009 0% $1,852.05 1.1% 1.3%
Poloniex DASH/USDC $1.0009 0% $1,603.21 0.6% 1.2%
Binance ETC/USDC $1.0009 0% $1,193.59 0.6% 0.79%
Poloniex FOAM/USDC $1.0009 0% $584.40 1.6% 22%
Binance BCPT/USDC $1.0009 0% $126.21 12% 13%
Binance GTO/USDC $1.0009 0% $80.36 12% 19%

Latest USD Coin NewsLatest USD Coin News

usdcoins on Twitter

Ladies and Gentlemen! Welcome to the USDC ICO. Everyone can join us and participate the USDC airdrop Now! https://t.co/tUgEx2No4b… https://t.co/Fjjh6XGZiJ

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usdcoins on Twitter

Have you ever thought about how rich you would be if you invested $100 USD to ETH in 01–01–2016? Please go to our new post to get more information. https://t.co/bNP932KYlL… https://t.co/IvKUNP4R8B

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usdcoins on Twitter

Our New Post Present A Table to show the value of different cryptocurrency in different fiat money https://t.co/HiBArW3XjY… https://t.co/2CNS0dSMJR

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usdcoins on Twitter

USDC ICO Start on 24 of May,2018 06:00AM UTC, 65 million discounted USDC will be selling. https://t.co/vvjSn2qRBz…

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usdcoins on Twitter

WTF is the blockchain? Come to get more information. https://t.co/feCtOP78jQ…

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usdcoins on Twitter

Do you want to easily earn money? USDC Airdrop Start on 24 of May 06:00AM UTC. Join us and refer our website to your friend to get free USDC token. https://t.co/tUgEx2No4b… https://t.co/yekfl3Y1eU

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usdcoins on Twitter

Do you want to own your private ethereum wallet? To get more information, please go to https://t.co/tswx7b7hEb…

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This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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