USD Coin Price Today

USD Coin (USDC) is a digital asset designed to maintain a stable value launched in 2018 by Centre consortium. USD Coin's value is pegged to the US dollar, similar to USDT. Currently, USDC is the second-largest stablecoin by market capitalization and has held this position for much of its history.

Why USDC is Unique? 

1. Many believe that USDC is safer than other stablecoins 
2. USDC reserves are more transparent.

What Gives USDC Value? 

1. USDC provides stability over other crypto assets 
2. USDC is backed by numerous trustworthy parties such as Circle, Coinbase, and leading US financial institutions, such as BlackRock and BNY Mellon

What Affects the Price of USDC? 

1. US dollar's price 
2. The company's commitment to transparency and trust 
3. Supply and demand of USDC 

How Secure is The USDC Network? 

All of the USD Coins in circulation are ERC-20 tokens. You can find USD Coins on the Ethereum blockchain and secured with Ethereum's security algorithm. 

FAQ 

What's the difference between a USD Coin and USDT? 
The main difference between both coins is the company behind each coin. USDT and USD Coin are both pegged to the US dollar. Still, USD Coin is considered by many a safer choice, as Centre Consortium makes a greater effort to comply with audits and governmental regulation compared to Tether Limited. But Tether is more liquid as it is more widely available and commonly used for trades. 

Does it mean it is safe to buy USD Coin?  
USDC is fully regulated and, since its release, has successfully maintained its peg. However, there is no guarantee it will stay at the pegged rate in the future. Like any crypto, buying and using USD Coin involves its own financial risk.