USD Coin Price Reaches $1.00 on Major Exchanges (USDC)

USD Coin (USDC) traded 0% higher against the U.S. dollar during the 24 hour period ending at 9:00 AM E.T. on September 4th. One USD Coin token can currently be purchased for approximately $1.00 or 0.00001771 BTC on major cryptocurrency exchanges. In the last week, USD Coin has traded up 0% against the U.S. dollar. USD Coin has a market capitalization of $34.73 billion and $6.05 billion worth of USD Coin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Taiko (TAIKO) traded 8% lower against the dollar and now trades at $1.37 or 0.00002420 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 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 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 4.9% lower against the dollar and now trades at $0.0487 or 0.00000086 BTC.

About USD Coin

USD Coin’s genesis date was October 31st, 2018. USD Coin’s total supply is 34,728,606,733 tokens. USD Coin’s official Twitter account is @circle and its Facebook page is accessible here. The official website for USD Coin is www.centre.io/usdc. USD Coin’s official message board is medium.com/centre-blog.

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.”

Buying and Selling USD Coin

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

USDC/USD price chart by TradingView