USD Coin Achieves Market Cap of $33.49 Billion (USDC)

USD Coin (USDC) traded 0% lower against the U.S. dollar during the 24-hour period ending at 7:00 AM E.T. on April 28th. USD Coin has a market cap of $33.49 billion and approximately $4.36 billion worth of USD Coin was traded on exchanges in the last 24 hours. Over the last week, USD Coin has traded down 0.1% against the U.S. dollar. One USD Coin token can currently be purchased for approximately $1.00 or 0.00001575 BTC on exchanges.

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

• KILT Protocol (KILT) traded down 6.7% against the dollar and now trades at $0.30 or 0.00000465 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 0.9% against the dollar and now trades at $0.0097 or 0.00000015 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About USD Coin

USD Coin launched on October 31st, 2018. USD Coin’s total supply is 33,495,040,502 tokens. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here. The official message board for USD Coin is medium.com/centre-blog. The official website for USD Coin is www.centre.io/usdc.

According to CryptoCompare, “USD Coin (USDC) is a stablecoin maintaining a 1:1 peg with the U.S. dollar, backed by dollar-denominated assets. Accessible on multiple blockchains, it is integral to the DeFi space. Users can buy or redeem USDC for fiat currency, with corresponding tokens minted or burned to maintain its value. USDC’s uses include hedging, stable price-pegging, remittances, crowdfunding, payments, and various financial services. It competes with other stablecoins and offers borderless access. Managed by the Centre consortium, co-founded by Circle and Coinbase, its reserves are overseen by Grant Thornton.”

USD Coin Token Trading

It is usually not 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase USD Coin using one of the exchanges listed above.

USDC/USD price chart by TradingView