USD Coin (USDC) Trading Up 4% This Week

USD Coin (USDC) traded 0% lower against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on March 19th. USD Coin has a market cap of $36.24 billion and $3.95 billion worth of USD Coin was traded on exchanges in the last 24 hours. One USD Coin token can currently be bought for $1.00 or 0.00003651 BTC on major exchanges. During the last week, USD Coin has traded up 4% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 10.1% lower against the dollar and now trades at $0.39 or 0.00001438 BTC.
• Aidi Finance (BSC) (AIDI) traded down 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 1.5% against the dollar and now trades at $0.0679 or 0.00000248 BTC.
• CareCoin (CARES) traded down 1.5% against the dollar and now trades at $0.0843 or 0.00000308 BTC.
• OmniaVerse (OMNIA) traded 41.2% higher against the dollar and now trades at $0.0013 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded 1.5% lower against the dollar and now trades at $100.82 or 0.00368257 BTC.
• FEG Token (FEG) traded 1.5% lower against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 2.9% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded down 1.5% against the dollar and now trades at $7,327.63 or 0.26766229 BTC.
• Lego Coin (LEGO) traded down 8.5% against the dollar and now trades at $0.0164 or 0.00000060 BTC.

USD Coin Profile

USD Coin launched on October 31st, 2018. USD Coin’s total supply is 36,245,101,016 tokens. USD Coin’s official Twitter account is @centre_io and its Facebook page is accessible here. USD Coin’s official message board is medium.com/centre-blog. The official website for USD Coin is www.centre.io/usdc.

According to CryptoCompare, “USDC is a stablecoin, a type of cryptocurrency that is designed to maintain a stable value relative to a specific asset, in this case, the US dollar. It is managed by the Centre consortium, co-founded by Circle and Coinbase, and overseen by Grant Thornton. USDC is fully collateralized, meaning that it is backed by dollar-denominated assets, which in this case are short-term US Treasury securities. USDC allows investors to buy it using fiat currency, and token holders can redeem their USDC tokens for dollars. It is widely used in the cryptocurrency market and has a number of use cases, including hedging against volatility, stable price-pegging, remittances, crowdfunding, payments for products and services, and financial services such as lending and borrowing. USDC is available on several blockchains and is widely used in the decentralized finance (DeFi) space.”

USD Coin Token Trading

It is usually not possible to buy alternative cryptocurrencies such as USD Coin directly using U.S. dollars. Investors seeking to trade USD Coin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy USD Coin using one of the exchanges listed above.

USDC/USD price chart by TradingView