USD Coin Reaches 24 Hour Volume of $1.23 Billion (USDC) Posted by ABMN Staff on Jan 31st, 2021 Tweet
USD Coin (CURRENCY:USDC) traded down 0% against the dollar during the 1-day period ending at 7:00 AM E.T.on January 31st.USD Coin has a total market cap of $5.82 billion and approximately $1.23 billion worth of USD Coin was traded on exchanges in the last day.In the last seven days, USD Coin has traded flat against the dollar.
One USD Coin token can now be purchased for approximately $1.00 or 0.00002989 BTC on major cryptocurrency exchanges.
Here is how similar cryptocurrencies have performed in the last day: Get USD Coin alerts: Ethereum (ETH) traded up 0.2% against the dollar and now trades at $1,351.96 or 0.04041212 BTC.Ethereum Classic (ETC) traded 0.6% lower against the dollar and now trades at $7.53 or 0.00022505 BTC.Super Zero Protocol (SERO) traded up 6.6% against the dollar and now trades at $0.0991 or 0.
296 BTC.
Waltonchain (WTC) traded 3.3% higher against the dollar and now trades at $0.37 or 0.00001091 BTC.Metaverse ETP (ETP) traded 4.8% higher against the dollar and now trades at $0.12 or 0.361 BTC.Callisto Network (CLO) traded 14.2% lower against the dollar and now trades at $0.0017 or 0.
5 BTC.Master Contract Token (MCT) traded 1% lower against the dollar and now trades at $0.0009 or 0.
3 BTC.Ellaism (ELLA) traded up 11.9% against the dollar and now trades at $0.0054 or 0.16 BTC.Ether Zero (ETZ) traded down 2.5% against the dollar and now trades at $0.0011 or 0.
3 BTC.Bitcoiin (B2G) traded 2.1% lower against the dollar and now trades at $0.0008 or 0.3 BTC.
About USD Coin USD Coin (USDC) is a token.It was first traded on October 31st, 2018.USD Coin’s total supply is 5,859,422,521 tokens and its circulating supply is 5,819,111,987 tokens.The official message board for USD Coin is medium.com/centre-blog .
USD Coin’s official Twitter account is @centre_io and its Facebook page is accessible here .USD Coin’s official website is www.centre.io/usdc .The Reddit community for USD Coin is https://reddit.com/ here .
According to CryptoCompare, “USD Coin (USDC) is a fully collateralized US Dollar stable coin.It is built on the open source fiat stable coin framework developed by CENTRE, and Circle is the first of several forthcoming issuers of USDC.USDC is designed to minimize price volatility and it does so by ensuring that every unit of USDC is only created when a corresponding US Dollar is deposited into a reserve bank account.Its major application at this point is as a mechanism for trading and hedging in global crypto capital markets.
However, USDC is being adopted for use cases such as lending, payments, investments, and further applications within financial contracts such as derivatives contracts, insurance contracts, and security tokens.Commercial issuers of USDC are required by CENTRE to be licensed to handle electronic money; have audited AML and Compliance programs that meet FATF standards; back all tokens on a fully reserved basis and provide monthly published proof of reserves attested to by certified public auditors; support fungible exchange and redemption of USDC tokens from other authorized issuer members; meet other reporting and review requirements established by CENTRE Note that as a fully collateralized stablecoin, the supply is determined by the USD deposits being taken on issuing services such as circle.com/usdc.Recently, CENTRE announced that Coinbase is joining Circle as a founding member of CENTRE Consortium, and as part of this USDC is now available on Coinbase Pro and coinbase.com.“
Buying and Selling USD Coin
USD Coin can be bought or sold on the following cryptocurrency exchanges: .It is usually not presently possible to purchase alternative cryptocurrencies such as USD Coin directly using US dollars.Investors seeking to trade USD Coin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini.Investors can then use their newly-acquired Bitcoin or Ethereum to purchase USD Coin using one of the exchanges listed above.
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