USD Coin (USDC) Price Tops $1.00 on Exchanges

USD Coin (USDC) traded down 0.1% against the dollar during the 1-day period ending at 0:00 AM ET on March 18th. One USD Coin token can currently be purchased for $1.00 or 0.00003663 BTC on popular cryptocurrency exchanges. Over the last week, USD Coin has traded 1.5% higher against the dollar. USD Coin has a market capitalization of $36.23 billion and approximately $4.33 billion worth of USD Coin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded 9.6% lower against the dollar and now trades at $0.40 or 0.00001481 BTC.
• Aidi Finance (BSC) (AIDI) traded 0.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 1.9% against the dollar and now trades at $0.0667 or 0.00000246 BTC.
• CareCoin (CARES) traded down 1.9% against the dollar and now trades at $0.0827 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded up 49.4% against the dollar and now trades at $0.0012 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded down 1.9% against the dollar and now trades at $98.93 or 0.00365664 BTC.
• FEG Token (FEG) traded down 1.9% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded down 1.3% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 1.9% lower against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
• Lego Coin (LEGO) traded up 21.1% against the dollar and now trades at $0.0171 or 0.00000063 BTC.

About USD Coin

USD Coin’s launch date was October 31st, 2018. USD Coin’s total supply is 36,245,171,016 tokens. USD Coin’s official message board is medium.com/centre-blog. USD Coin’s official website is www.centre.io/usdc. USD Coin’s official Twitter account is @centre_io and its Facebook page is accessible here.

According to CryptoCompare, “USDC is a stablecoin, a type of cryptocurrency that is designed to maintain a stable value relative to a specific asset, in this case, the US dollar. It is managed by the Centre consortium, co-founded by Circle and Coinbase, and overseen by Grant Thornton. USDC is fully collateralized, meaning that it is backed by dollar-denominated assets, which in this case are short-term US Treasury securities. USDC allows investors to buy it using fiat currency, and token holders can redeem their USDC tokens for dollars. It is widely used in the cryptocurrency market and has a number of use cases, including hedging against volatility, stable price-pegging, remittances, crowdfunding, payments for products and services, and financial services such as lending and borrowing. USDC is available on several blockchains and is widely used in the decentralized finance (DeFi) space.”

USD Coin Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as USD Coin directly using US dollars. Investors seeking to trade USD Coin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase USD Coin using one of the aforementioned exchanges.

USDC/USD price chart by TradingView