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The world of cryptocurrency is vast and ever-changing, with new coins and tokens emerging all the time. USDC, a stablecoin pegged to the US dollar, is one of the most widely traded and trusted cryptocurrencies.
USDC has a market capitalization of over $50 billion, making it one of the top 10 cryptocurrencies by market cap. Its popularity is due in part to its stability and low volatility.
In addition to USDC, other notable cryptocurrencies include Bitcoin, Ethereum, and Binance Coin. These coins have market capitalizations ranging from tens of billions to hundreds of billions of dollars.
The total market capitalization of all cryptocurrencies, including USDC and others, is over $2 trillion. This represents a significant increase from just a few years ago, when the total market capitalization was less than $300 billion.
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What is USDC?
USDC is a stablecoin that's pegged to the U.S. dollar on a 1:1 basis. It's issued by regulated financial institutions and backed up by $1 held in reserve.
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The Centre consortium is behind USDC, and it originally launched on a limited basis in September 2018. Its mantra is "digital money for the digital age."
USDC is designed for a world where cashless transactions are becoming more common, and it's meant to be a safe haven for crypto traders in times of volatility.
USDC Information
USDC is a unique stablecoin that has gained significant traction in the market. It's backed by a major accounting firm, which verifies the levels of cash held in reserve to ensure that users can withdraw 1 USDC and receive $1 in return without any issues.
One of the key reasons for USDC's success is its transparency, which has been a major selling point for users. Unlike some other crypto ventures, Circle and Coinbase have achieved regulatory compliance, paving the way for international expansion.
USDC has also formed partnerships with traditional financial institutions, including BlackRock and BNY Mellon, which has helped to further establish its credibility. In fact, BlackRock has even agreed to serve as a primary asset manager of USDC's cash reserves.
Here are some key facts about USDC:
- Current price: $1.00 USD
- 24-hour trading volume: $6,547,477,220 USD
- Market cap: $44,492,756,200 USD
- Circulating supply: 44,490,324,816 USDC coins
- Ranking: #8 on CoinMarketCap
USDC Founders
The USDC Founders are Circle, a peer-to-peer payment services company, and Coinbase, a cryptocurrency exchange.
Circle's co-founders Jeremy Allaire and Sean Neville envisioned an open internet of value exchange that could transform the world by eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace.
The Centre Consortium, which oversees USDC, has Circle and Coinbase as its founding members.
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What Makes USDC Unique?
USDC has achieved regulatory compliance, a feat that has helped pave the way for international expansion. This is a significant advantage over some other crypto ventures.
A major accounting firm is tasked with verifying the levels of cash held in reserve, ensuring it matches the number of tokens in circulation. This level of transparency is a key factor in USDC's success.
USDC has never been accused of any wrongdoing, unlike its rival USDT, which has been embroiled in repeated investigations. This reputation has helped USDC gain market share.
USDC has formed strategic partnerships with traditional financial institutions, including BlackRock, the world's largest asset manager. BlackRock has even entered into a broader strategic partnership with Circle, the company behind USDC.
The stablecoin provider has also inked deals with big names like America's oldest bank, BNY Mellon, which will serve as the primary custodian of the assets backing USDC stablecoins.
Circulating Quantity
Bitcoin's total supply is capped at 21,000,000 coins, a limit set by its software.
The process of mining is responsible for creating new coins, with miners receiving rewards for every block they successfully add to the blockchain.
These rewards are currently capped at 6.25 bitcoins per block, which is roughly $299,200 at today's price.
The block reward has been halved three times since Bitcoin's launch, with each halving occurring every 210,000 new blocks mined, or roughly every four years.
As of 2020, the earliest network participants, like Satoshi Nakamoto, have accumulated significant amounts of coins through regular mining, with some estimates suggesting they own over a million Bitcoin.
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USDC Price and Live Data
The USDC price is currently at $1.00 USD, with a significant 24-hour trading volume of $6,547,477,220 USD.
This price is updated in real-time, giving you the most up-to-date information. You can see the current price and trading volume on CoinMarketCap, a reliable source for cryptocurrency data.
The USDC price has remained steady, with no change in the last 24 hours.
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USDC Price Live
The USDC price live is an essential piece of information for anyone interested in this cryptocurrency. It's currently trading at $1.00 USD.
You can get the most up-to-date USDC price by checking the live data, which we update in real-time. This helps you make informed decisions about buying or selling USDC.
The 24-hour trading volume is a staggering $6,547,477,220 USD, giving you an idea of the cryptocurrency's market activity. This volume is subject to change, so it's always a good idea to check the latest numbers.
The current CoinMarketCap ranking is #8, with a live market cap of $44,492,756,200 USD. This ranking can fluctuate, but it gives you an idea of USDC's popularity among other cryptocurrencies.
Here's a quick snapshot of the current USDC market data:
- Rank: #8
- Market Cap: $44,492,756,200 USD
- 24-hour Trading Volume: $6,547,477,220 USD
USDC has a circulating supply of 44,490,324,816 coins.
Price Live Data
The live USDC price is a crucial metric to track, and as of today, it stands at $1.00 USD. This price is updated in real-time, giving you the most up-to-date information.
The 24-hour trading volume of USDC is a staggering $6,547,477,220 USD, indicating a high level of market activity.
The current CoinMarketCap ranking of USDC is #8, with a live market cap of $44,492,756,200 USD. This ranking can fluctuate over time, so it's essential to keep an eye on it.
The circulating supply of USDC coins is 44,490,324,816, and the max. supply is not available.
Here's a quick comparison of USDC's market cap with other popular cryptocurrencies:
Note how USDC's market cap compares to Dogecoin and Bitcoin, two other well-known cryptocurrencies.
Dogecoin
Dogecoin is a cryptocurrency that uses Scrypt technology and has a block time of 1 minute, allowing for fast transactions. It's also worth noting that Dogecoin has an uncapped total supply, meaning there's no limit to the number of coins that can be mined.
Mining Dogecoin is relatively accessible, as it can be done solo or by joining a mining pool on various operating systems, including Windows, Mac, or Linux, and with a GPU. As of 2014, mining Litecoin can also be done in the same process.
Several companies, including Tesla and AMC Theaters, accept Dogecoin as a payment option due to its low transaction fees and Elon Musk's patronage.
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Dogecoin Accepting Companies
Tesla has jumped on the Dogecoin bandwagon, making it a payment option for customers.
AMC Theaters and GameStop have also joined the list of companies accepting Dogecoin payments.
In addition to these big names, airBaltic, a European airline, has also started accepting Dogecoin.
Even the Dallas Mavericks, a professional basketball team, has partnered with Dogecoin.
EasyDNS, a domain registrar, and Newegg, an online retailer, have also started accepting Dogecoin.
Twitch, a popular live streaming platform, has also joined the list of companies accepting Dogecoin payments.
Dogecoin Mining
Dogecoin mining is a bit different from other cryptocurrencies. Dogecoin uses Scrypt technology, which is a departure from Bitcoin's proof-of-work protocol.
You can mine Dogecoin solo or join a mining pool. Mining with a GPU is also an option, and you can use Windows, Mac, or Linux to do it.
Dogecoin's block time is just 1 minute, which is relatively fast compared to other cryptocurrencies. This means you can see new blocks and potentially new coins being mined frequently.
As of 2014, you can even mine Litecoin alongside Dogecoin, as the processes were merged. This makes it a convenient option for miners who want to mine multiple cryptocurrencies at once.
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