Monitor the live price of USD Coin, using live charts and up-to-the-minute updates. Get a comprehensive understanding of USDC market standing, learn the intricacies of cryptocurrency trading, and immerse yourself in the dynamic realm of digital currencies at SLEX. Access detailed news coverage, and insightful market analysis, and dive deeper into the factors that influence USDC price movements.

USD Coin Price Real-Time Data

Today, the price of USD Coin (USDC) stands at $0.99, accompanied by a 24-hour trading volume of $75.21B. Its 24-hour peak value is $1.0011, its 24-hour low is $0.9999. Currently, there are 112.55B USD Coin in circulation.

Demystifying USD Coin

The goal of USDC, also known as USD Coin, is to combine the speed and low cost of cryptocurrency transactions with the reliable value of conventional currencies by creating a stablecoin that reflects the US dollar's value. Its design ensures that every unit of USDC is equivalent to one US dollar kept in reserve by maintaining a constant 1:1 peg with the US dollar. The goal of USDC is to provide an alternative to the extreme volatility that is frequently associated with cryptocurrencies such as Bitcoin by tying its value to a stable product.

How USDC Operates?

The stability of USDC is essential to its operation. Although cryptocurrencies are becoming increasingly widely used for investments, payments, and decentralized financial instruments, their volatile pricing make them difficult to use on a daily basis. The USDC was designed to deal with this instability. A claim on one US dollar is represented by each USDC token, which is kept in a segregated account with US financial institutions under regulation. This provides consumers with a sense of stability and predictability because they can usually exchange one USD Coin for one US dollar.
The Ethereum blockchain, a flexible and decentralized platform that supports a wide range of apps and tokens, is the operating system for live USDC price. Because USD Coin is an Ethereum token, it can be integrated with decentralized apps and smart contracts to provide safe, quick, and programmable transactions. As a result, holders of USDC don't need to worry about their digital currency experiencing high price swings to participate in the developing decentralized finance (DeFi) ecosystem.

The range of uses for USDC demonstrates its adaptability:

- It allows for low-cost, nearly immediate international money transactions by eschewing established financial institutions;
- In certain accounts, holding USDC can pay off;
- Being a "programmable dollar," it gives developers the ability to create financial tools and services more quickly, cheaply, and transparently;
- It encourages consistent, open philanthropic giving and streamlines procedures like payroll and crowdsourcing.
As a virtual substitute for the US dollar, USDC employs blockchain technology for a wide range of financial applications while avoiding the volatility that many other virtual currencies have.

Background of USDC

The demand for a reliable medium of exchange in the bitcoin ecosystem led to the development of USDC (USD Coin). Important participants in the cryptocurrency space came together to support USDC's creation and eventual debut because they understood the potential advantages of stablecoins.

The History of Stablecoins

The idea of stablecoins was well-established before to USDC. The intention was to develop a cryptocurrency that would function as a substitute for conventional cryptocurrencies like Bitcoin and Ethereum for regular financial transactions and applications. The fundamental idea was to keep a digital coin's value constant by tying it to a reliable asset, usually fiat money like the US dollar.

Coinbase and Circle Working Together

In September 2018, USDC was made available as a result of a partnership between Coinbase and Circle. These two businesses are well-known in the cryptocurrency industry; Coinbase is one of the biggest exchanges in the world, and Circle is a peer-to-peer payments technology provider.
As a result of the partnership, the CENTRE Consortium was established, a joint venture that developed USD Coin and attempted to create a standard framework for money on the blockchain.
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Learn more about USD Coin (USDC)


What is USDC?
USDC (USD Coin) is a type of cryptocurrency known as a stablecoin. It aims to maintain a 1:1 peg with the US dollar, offering the benefits of digital currency without the volatility usually associated with cryptocurrencies like Bitcoin.
How does USDC work?
USDC works by maintaining US dollar-denominated reserves for each USDC issued, ensuring that every USDC can be redeemed for one US dollar. It operates on blockchain technology, allowing it to be used for transactions, similar to other cryptocurrencies, while maintaining its stable value.
Is USDC safe to invest in?
While USDC is designed to be stable, no investment is entirely without risk. The safety of investing in USDC depends on the regulatory compliance of its issuers and the security of the underlying reserves. It's important to conduct your own research or consult with a financial advisor.
Can USDC be exchanged for real money?
Yes, USDC can be exchanged for real money (fiat currency), typically at a 1:1 value, on various cryptocurrency exchanges and platforms.
How do I buy USDC on SLEX Exchange?
To buy USDC on SLEX Exchange, you would typically need to create an account, complete any necessary KYC (Know Your Customer) verification, deposit funds or connect a payment method, and then place an order to buy USDC.
How can I store my USDC securely after purchasing on SLEX?
You can store USDC securely by transferring it to a private wallet, such as a hardware wallet, which is not connected to the internet and thus provides an additional layer of security against online hacks.
What determines the price of 1 USDC in fiat currencies on SLEX?
The price of 1 USDC in fiat currencies is typically determined by the current exchange rate on the platform, which should be close to 1:1 with the US dollar due to the stable nature of USDC.
What advantages does SLEX offer for USDC to fiat currency conversion without account registration?
While most exchanges require account registration, if SLEX offers this service without registration, the advantages might include quicker transactions and enhanced privacy.
How can I track the today price of 1 USDC on SLEX for investment purposes?
You can track the current price of 1 USDC on SLEX by visiting their platform and checking their latest price listings or charts.
How does SLEX ensure the best rates for USDC to fiat currency conversions?
SLEX might ensure the best rates by comparing various liquidity providers or using algorithms to find the most competitive rates for its users.
What limits apply to purchasing USDC on SLEX with a credit card without verification?
Limits can vary based on the exchange's policies and regional regulations. SLEX might impose transaction limits to comply with anti-money laundering standards.
How does SLEX ensure the most current exchange rate for USDC is displayed?
SLEX likely uses real-time data feeds and updates its exchange rates frequently to reflect the most current market prices.
Is USDC the same as USD?
USDC is a digital stablecoin pegged to the USD and is not the same as actual US dollars (USD), which are fiat currency issued by the United States government. However, USDC aims to maintain a 1:1 value ratio with USD.
What is the difference between USDC and USDT?
USDC and USDT (Tether) are both stablecoins pegged to the US dollar. The primary difference lies in their issuing companies and transparency. USDC is issued by Circle and Coinbase through the CENTRE Consortium and is known for its transparent reserve audits. USDT, issued by Tether Limited, has faced scrutiny over the transparency and full backing of its reserves in the past.