USDC USDC
Cryptocurrency · Stablecoins · Not Mineable · launched in 2018
№6of 40 006
- $1.00
- Price +0.02%
- $71.53 billion
- Capitalization
- $6.09 billion
- Volume over 24 hours
- 2.68%
- Dominance
About the coin
- Circulating supply
- 71.54 billion USDC
- Total supply
- 71.54 billion USDC
- Maximum supply
- Unlimited
- Fully diluted capitalization
- $71.53 billion
- 24h high
- $1.00
- 24h low
- $1.00
USD Coin (USDC) is a stablecoin pegged to the US dollar at a one-to-one ratio. It has been issued by American company Circle since 2018. USDC reserves consist of cash and short-term US Treasury bonds held in regulated financial institutions. The composition of reserves is regularly confirmed by an independent auditor. USDC is issued on several blockchains, including Ethereum, Solana, and Base. The stablecoin is used for payments, transfers, and in DeFi applications. Due to its transparency and compliance with regulatory requirements in the US and Europe, USDC has become one of the largest stablecoins by market capitalization.
Additional information
FAQ
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USDC (USD Coin) is a stablecoin pegged to the US dollar: one USDC aims to be worth one dollar. It is issued by the American company Circle. USDC is used as a digital dollar for payments, transfers, and storing funds in the cryptocurrency ecosystem.
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USDC is issued by Circle, one of the largest regulated financial companies in the crypto industry. Initially, the stablecoin was launched with the participation of the Coinbase exchange, which remains a key partner of Circle. Circle itself is a public company whose shares are traded on a US exchange.
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USDC reserves consist of cash and short-term U.S. Treasury bonds. They are held in regulated banks and a custodial fund managed by a major investment company. Circle regularly publishes reserve reports that are verified by an independent audit firm.
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USDC typically maintains a rate very close to the dollar, but short-term deviations are possible. For example, in March 2023, USDC temporarily lost its peg when some reserves were held at the failed US bank Silicon Valley Bank. After access to the funds was restored, the rate returned to parity with the dollar.
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USDC is issued on many blockchains, including Ethereum, Solana, Base, Arbitrum, Polygon and others. The token is the same, but transfers on different networks differ in speed and fees. The sender and recipient networks must match.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .