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View ChartBridged USDC (USDbC) is a bridged form of USDC on the Base network, created by locking USDC on Ethereum mainnet and minting a wrapped ERC-20 on Base at a 1:1 ratio. It is not issued by Circle and is not directly redeemable through Circle.
USDbC is a bridged representation of USDC on Base; the underlying USDC is issued by Circle on Ethereum and other supported networks. USDbC maintains a 1:1 peg to the US dollar. Each USDbC token is backed 1:1 by USDC locked in the Coinbase bridge's Ethereum vault, not by Circle's reserves; USDbC carries no direct guarantee from Circle. It is primarily used for trading, lending, borrowing, and as collateral within the Base DeFi landscape.
| Item | Details |
|---|---|
| Name (Ticker) | Bridged USDC (USDbC) |
| Alternative Names | Cross-chain USDC, Bridged USD Coin |
| Consensus Mechanism | Inherited from Base, an optimistic rollup Layer-2 on Ethereum built with the OP Stack; settlement security comes from Ethereum. |
| Smart Contracts | Yes — an ERC-20 token on Base at contract address 0xd9aAEc86B65D86f6A7B5B1b0c42FFA531710b6CA. |
| Contract Address (USDbC on Base) | 0xd9aAEc86B65D86f6A7B5B1b0c42FFA531710b6CA (verified on BaseScan) |
| Native USDC on Base (different contract, not interchangeable) | 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913 |
| Category | Stablecoin, Bridged Asset |
| Max Supply | Circulating supply fluctuates based on bridging activity; it is not capped but is always backed 1:1 by original USDC in reserves. |
| Blockchain | Base (a Layer-2 built on Ethereum using the OP Stack). |
USDbC is created by the Coinbase bridge, which locks USDC in an Ethereum vault and issues a corresponding ERC-20 on Base at a 1:1 ratio. The underlying asset, USDC, is issued by Circle, a regulated financial technology company. USDbC launched alongside Base in August 2023 as the only USDC-denominated stablecoin on the network; after Circle launched native USDC on Base in September 2023 via CCTP, USDbC became a legacy token.
USDbC operates through a cross-chain bridging mechanism. Here is a simplified breakdown of the process:
USDbC moves dollar value between Ethereum and Base only; withdrawals from Base back to Ethereum through the canonical bridge are subject to a 7-day fraud-proof window, while fast-bridge services such as Across Protocol and Relay bypass that delay under their own trust model.
USDbC's primary value lies in solving a critical problem in crypto: fragmented liquidity.
Risks: USDbC is not interchangeable with native USDC on Base (contract 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913); wallet software may label both tokens as "USDC", which is the most common source of confusion; and unwrapping through the bridge carries smart-contract risk and a 7-day withdrawal window.
USDbC functions as a dollar substitute on Base. Its main uses include:
USDbC can be obtained by bridging USDC from Ethereum to Base through the official Base bridge, or by trading on secondary markets; check that the venue lists the Base-network USDbC contract 0xd9aAEc86B65D86f6A7B5B1b0c42FFA531710b6CA rather than native USDC.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for USDBC are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Bridged USDC (USDBC) is C$1.400453. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated USDBC to USD rate at the top of BTCC’s price page. In terms of market scope, Bridged USDC records a 24h trading volume of C$251.989432K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$7.44778M. Its current circulating supply stands at 5.32M out of a maximum supply cap of ∞.
The price volatility of Bridged USDC (USDBC) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (5.32M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Bridged USDC (USDBC) hit an all-time high (ATH) of C$1.667931 on 2023-08-04 15:10, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$1.308402 on 2023-10-23 05:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading USDBC futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$251.989432K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s USDBCUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Bridged USDC, simply log into your BTCC account with USDT margin available, navigate to the USDBCUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for USDBCUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$1.400453), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for USDBCUSDT with zero financial risk.
Trading Bridged USDC (USDBC) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for USDBCUSDT, and review its live price (C$1.400453) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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