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View ChartBridged USDC (USDbC), also known as USD Base Coin, is the Coinbase-bridged USDC on Base. Base is a Layer-2 network built on Ethereum using the OP Stack. USDbC is a tokenized representation of Circle's USDC that exists on Base rather than on its native Ethereum network.
USDbC maintains a 1:1 peg to the US dollar. It is backed 1:1 by USDC locked in the Coinbase bridge on Ethereum, but it is not directly redeemable through Circle and carries no direct guarantee from Circle; its security depends on the bridge's model. Bridging USDC to Base via the canonical bridge involves a 7-day fraud-proof withdrawal window back to Ethereum, and the unwrap-and-redeem process introduces bridge latency and smart-contract risk. USDbC is primarily used for trading, lending, borrowing, and as collateral within the DeFi landscape on Base.
| Item | Details |
|---|---|
| Name (Ticker) | Bridged USDC (USDbC) |
| Alternative Names | USD Base Coin, Cross-chain USDC, Bridged USD Coin |
| Consensus Mechanism | Dependent on the underlying blockchain (Base is an OP Stack Layer-2 on Ethereum). |
| Smart Contracts | Yes, as an ERC-20 token on Base. |
| 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 solution built on top of Ethereum, using the OP Stack). |
| Contract Address (USDbC on Base) | 0xd9aAEc86B65D86f6A7B5B1b0c42FFA531710b6CA (verified on BaseScan). Native USDC on Base uses a different contract (0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913) and is not interchangeable. |
| Launch | Launched alongside Base in August 2023 as the only USDC-denominated stablecoin on the network before Circle deployed native USDC. |
USDbC on Base was created by Coinbase's bridge, which locks USDC in an Ethereum vault and mints a wrapped ERC-20 on Base at a 1:1 ratio. The underlying USDC is issued by Circle.
USDbC operates through a cross-chain bridging mechanism. Here is a simplified breakdown of the process:
Withdrawals from Base back to Ethereum via the canonical bridge are subject to a 7-day fraud-proof window, a structural property of optimistic rollups. Fast-bridge services like Across Protocol and Relay bypass this window by fronting liquidity but introduce their own trust model.
This mechanism allows USDC's liquidity to flow across isolated blockchain ecosystems.
USDbC's primary value lies in solving a critical problem in crypto: fragmented liquidity.
USDbC is the legacy Coinbase-bridged USDC on Base. After Circle launched native USDC on Base in September 2023 via CCTP, most DeFi protocols migrated liquidity to native USDC; USDbC remains in circulation but is not directly redeemable through Circle.
Circle's Bridged USDC Standard is a specification for deploying bridged USDC on EVM chains with optionality for an in-place upgrade to native issuance, avoiding a time-consuming migration. It is available for OP Stack, Orbit, and Polygon CDK chains.
USDbC functions as a dollar substitute within the cryptocurrency ecosystem on Base. Its main uses include:
USDbC can be acquired on secondary markets or obtained by bridging USDC through the official bridge. Always verify the contract address before transacting and be aware that bridged tokens carry bridge and smart-contract risk.
USDbC relies on the Coinbase bridge's security model rather than Circle's own infrastructure. Holders face bridge latency, smart-contract risk, and the need to unwrap to USDC on Ethereum before redeeming through Circle. It is a legacy token after native USDC launched on Base.
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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 $0.999765. 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 $193.966518K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $5.316577M. 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 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 $1.190648 on 2023-08-04 15:10, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.933999 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 ($193.966518K), 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: $0.999765), you can practice 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 ($0.999765) 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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