USD Coin (USDC) has reached a self-reported market capitalization of $60.89 billion, maintaining its stability against the U.S. dollar. As of January 4, 2024, the cryptocurrency traded flat, showing no significant movement in the past 24 hours or over the last week. Approximately $5.68 billion worth of USDC was exchanged in that timeframe.
The current trading value of one USD Coin token stands at approximately $1.00, or 0.00001097 BTC, on various exchanges. This consistent pricing reflects USD Coin’s role as a stablecoin, designed to maintain a 1:1 peg with the U.S. dollar.
Overview of USD Coin
USD Coin was first introduced to the market on December 31, 2024. Its total supply is recorded at 75,430,485,112 tokens, with a circulating supply of 60,901,219,650 tokens currently available. The official website for USD Coin can be found at www.circle.com/en/usdc, while updates and discussions about the cryptocurrency are available through its official message board at medium.com/centre-blog.
Trading USD Coin typically requires purchasing alternative cryptocurrencies, such as Ethereum or Bitcoin, through exchanges that accept U.S. dollars. Notable platforms for these transactions include GDAX, Gemini, and Changelly. After acquiring Ethereum or Bitcoin, investors can then trade these for USD Coin.
As the cryptocurrency market continues to evolve, USD Coin’s stable market capitalization positions it as a significant player in the digital currency arena. Investors and traders are encouraged to stay informed about the latest developments and updates regarding USD Coin and related cryptocurrencies by subscribing to MarketBeat.com’s free CryptoBeat newsletter.
