BTCC/ Crypto Prices / USDC (USDC)
USDC

USDC Price USDC

USD
$1.00
$0.0001686 +0.02%
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USDC Today's Price

About USDC

Pegged to the value of the US Dollar (USD), USDC is a stablecoin that is supported by assets.

One US dollar in fiat currency or a liquid asset, such as short-term US Treasury bonds held by US financial institutions subject to US regulation, is required to support each USDC token in circulation. With its adoption of the ERC-20 token standard, USDC is now compatible with all apps built on the Ethereum platform. Several other well-known blockchains currently support the coin, such as Tron, Algorand, and Solana.

In times of market instability, cryptocurrency traders have found USDC to be a safe haven due to its predictable price. More efficiently than in traditional finance, USDC allows for the cross-border transfer of value in a stable digital currency.

The vast network of USDC holders and service providers, including crypto trading platforms and decentralized apps (dApps), highlights the value of USDC.

What is USD Coin (USDC)

Launched in late 2018, USDC is designed to maintain a stable value unlike other typically volatile cryptocurrencies. But even stablecoins such as USDC can still be prone to mild changes in price.

USDC’s price spiked to an all-time high of $1.19 in May 2019, and noted an all-time low of $0.891848 in May 2021. Changes to supply and demand is the main reason stablecoins move off their $1 peg. During bullish market cycles, demand for stable value assets like USDC drops. That causes the price of USDC and other U.S. dollar-backed stablecoins to fall beneath one dollar. Overall, though, USD coin has maintained long periods of stability at $1.

There is no maximum or total supply of USD coin, as new tokens are issued based on demand.

When a user redeems USDC for $1, the team burns (permanently removes) the appropriate amount of USD coin from circulation, and funds from underlying reserves are transferred to the client’s external bank.

 

How Does USDC Work?

There is no mining mechanism to add more USDC to circulation, unlike Bitcoin and other cryptocurrencies. In its place, fresh USDC coins are created whenever individuals or companies fund their Circle accounts with US government-backed cash. By trading USD for USDC, one can build a 1:1 replica of that asset whose transaction records are stored and maintained using the efficiency of blockchain technology.

In contrast, USDC tokens are burnt when USD is deposited in order to maintain a constant ratio of tokens in circulation to fiat currency reserves.

Circle keeps the value of USDC tied to the value of USD by holding the equivalent amount of USD in cash and short-term U.S. Treasuries at the time of issuance. This means that USDC is less susceptible to price swings during economic downturns than other cryptocurrencies.

Even in the face of tremendous market volatility, Circle’s peg to the US dollar has remained stable thanks to the one-for-one cash holdings that support its token.

Dollar State Capital (USDC) has lately asserted that it had solely assets backed by the government, while having held modest quantities of commercial paper in the past. This sort of short-term debt is issued by firms to satisfy their more immediate responsibilities.

International accounting powerhouse Grant Thornton audits Circle’s holdings as part of the company’s registration as a money service corporation in the United States.

 

How to Tokenize US Dollar into USD Coin?

1.A user sends US dollars to the coin issuer’s bank account.

2.The issuer uses a USD Coin smart contract to create the equivalent amount of USD Coin.

3.The newly minted USD Coins are sent to the user and the substituted US dollars are held in a reserve.

The redemption of USD Coins for US Dollars follows the process listed above but in reverse.

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USDC FAQ

What is the live price, market cap, and 24h volume of USDC (USDC)?

As of right now, the live price of USDC (USDC) is $1.00. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated USDC to USD rate at the top of BTCC’s price page. In terms of market scope, USDC records a 24h trading volume of $4.69B (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $72.55B. Its current circulating supply stands at 72.55B out of a maximum supply cap of ∞.

Why does the price of USDC (USDC) fluctuate, and what drives its volatility?

The price volatility of USDC (USDC) 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 (72.55B) 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.

What are the all-time high (ATH) and all-time low (ATL) for USDC (USDC)?

Looking at its historical price performance, USDC (USDC) hit an all-time high (ATH) of $2.35 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.8774 on 2023-03-11 06:45. 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.

How to read the USDC (USDC) price chart for futures trading?

When trading USDC 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 ($4.69B), as price breakouts accompanied by strong volume offer higher reliability.

How to profit from USDC (USDC) price drops? (Short Selling Guide)

Unlike spot trading where you can only profit from rising prices, BTCC’s USDCUSDT perpetual contracts support two-way trading. If you anticipate a price decline for USDC, simply log into your BTCC account with USDT margin available, navigate to the USDCUSDT 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.

Can I trade USDC (USDC) perpetual futures with high leverage on BTCC?

Yes. BTCC offers flexible, high-tier leverage options for USDCUSDT 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.

How to practice USDC (USDC) futures trading with a free demo account?

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: $1.00), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for USDCUSDT with zero financial risk.

Step-by-step guide: How to buy and trade USDC (USDC) on BTCC?

Trading USDC (USDC) 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 USDCUSDT, and review its live price ($1.00) 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.