USD Coin – Price, Historical Data & How to Buy

USD Coin
USDC
$ 1.00
0.00005247 BTC
Marketcap
$ 49,664,428,281
Volume (24h)
$ 3,130,122,639
Circulating Supply
49,710,632,615 USDC
Total Supply
49,710,331,195 USDC

What is USD Coin?

USD Coin - Price, Historical Data & How to Buy

USD Coin is a decentralized cryptocurrency that was created in 2015. USD Coin is backed by the US dollar, making it a stablecoin. This means that each USD Coin is worth one US dollar and the value of USD Coin does not fluctuate as much as other cryptocurrencies. There are currently over 18 million USD Coins in circulation and new USD Coins are created when they are mined.

USD Coin can be used to send and receive payments just like any other cryptocurrency. However, because it is backed by the US dollar, it is more stable than other cryptocurrencies and can be used for things like online shopping and paying bills. USD Coin is also gaining popularity as a way to store value, like gold or silver.

How to buy USD Coin

If you’re looking to invest in USD Coin, there are a few things you’ll need to keep in mind. In this guide, we’ll walk you through the process of purchasing USD Coin, as well as some things to consider before making your purchase.

When it comes to buying USD Coin, there are a few different options available to you. You can buy USD Coin on a cryptocurrency exchange, or through a peer-to-peer marketplace.

Cryptocurrency exchanges

Cryptocurrency exchanges are online platforms that allow you to buy, sell, or trade cryptocurrencies. Some popular exchanges that offer USD Coin include Coinbase, Kraken, and Binance.

Peer-to-peer marketplaces

Peer-to-peer marketplaces are platforms that connect buyers and sellers of cryptocurrency. Transactions on these platforms are usually done through escrow, to ensure that both parties are protected.

Once you’ve chosen an exchange or marketplace, you’ll need to create an account and deposit funds into it. Once your account is funded, you can start buying USD Coin.

USD Coin historical price – Line chart & candlestick

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Why use USD Coin?

There are several reasons why you might want to use USD Coin instead of regular currencies. One advantage is that payments made with USD Coin are quick and inexpensive. For example, international payments can be made without incurring expensive fees. In addition, USD Coin is a decentralized currency, which means that it is not subject to the control of any central authority. This makes it a more secure and reliable form of currency. Finally, inflation does not affect USD Coin, so it is a stable form of currency that can be used for long-term investment.

USD Coin calculator

Here you can calculate the value of USD Coin in all major fiat currencies.

USDC

USD Coin – FAQ

Here we present the answers to some of the most frequently asked questions about USD Coin.

Are USD Coin transactions anonymous?

No, they are not. USD Coin transactions are not anonymous and can be traced back to the sending and receiving addresses. However, if you use a reputable third-party service like Coinbase Pro that provides a higher degree of privacy, your transaction may be more difficult to trace.

Can USD Coin be hacked?

Like all digital assets, USD Coin is not immune to hacking attempts. One of the most common ways that digital assets are hacked is through wallet hacking. This is where someone gains access to your wallet, either through phishing or by hacking your computer. Once they have access to your wallet, they can then send your coins to their own wallet, or use your coins to purchase goods and services. To protect yourself from wallet hacking, it’s important to use a strong and unique password for your wallet, and to never share your password with anyone.

Another way that USD Coin can be hacked is through exchange hacking. This is where hackers gain access to an exchange’s systems, and then use that access to steal coins from the exchange. They can also manipulate prices on the exchange, or prevent people from withdrawing their coins. To protect yourself from exchange hacking, it’s important to only use trustworthy and well-known exchanges, and to never store your coins on an exchange for extended periods of time.