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Home USDC Price

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Cryptocurency Price

1 EUR = 1.072987 USDC

+0.08%

The live price of USDC is € 0.85 per (USDC / EUR) with a current market cap of € 52,308,457,926.82 EUR. 24- hour trading volume is € 9,861,143,962.30 EUR. USDC to EUR price is updated in real-time. USDC is +0.08% in the last 24 hours with a circulating supply of 61,691,301,104.98.

USDC Price History EUR

Date Comparison
Today	€ 0.85	+0.08%
30 Days	€ 0.88	-3.69%
60 Days	€ 0.89	-4.36%
90 Days	€ 0.91	-7.58%

About USDC (USDC)

USDC (USD Coin) is a stablecoin that mirrors the value of the US dollar, designed to combine the stability of the dollar with the technological advantages of digital currency. Launched in September 2018 by the consortium Centre, which was founded by Circle and includes contributions from Coinbase and other financial technology companies, USDC is fully backed by US dollars held in accounts subject to regular public reporting of reserves.

The primary use of USDC is to provide a stable digital dollar that can be used in the cryptocurrency ecosystem. It allows users to transfer dollars anywhere in the world quickly and to trade digital assets without the high volatility associated with typical cryptocurrencies. Because USDC is built on the Ethereum blockchain, it benefits from the security and flexibility of Ethereum but without the price fluctuations.

USDC is widely recognized for its transparency compared to other stablecoins. The issuers of USDC promise full backing for every token by US dollars, which are held in segregated accounts under regular scrutiny from certified public accountants. This assurance has helped USDC gain widespread trust and adoption in the crypto community.

Why Is the USDC Price So Volatile?
Despite being a stablecoin, USDC can exhibit minor fluctuations from its $1 peg. These fluctuations are usually slight, often just a fraction of a cent. This volatility can be attributed to variations in supply and demand on different exchanges, transaction fees, or slight shifts in market trust. For example, if a large number of USDC tokens are suddenly sold on a particular exchange, it could temporarily push the price slightly below $1 until equilibrium is restored.

Furthermore, regulatory developments can also influence USDC's stability. Actions by regulatory bodies concerning stablecoins, in general, might affect market perceptions of USDC's reliability and safety, causing minor price movements. For instance, if new regulations or compliance requirements are introduced, it may lead to temporary uncertainty among investors, reflecting in the price.

Overall, while USDC strives to maintain a strict one-to-one peg with the US dollar, external market forces and regulatory changes can lead to brief periods of price instability, albeit within a very tight range. These fluctuations are typically corrected swiftly, thanks to the mechanisms in place to maintain its peg.

People Also Ask: Other Questions About USDC

What is USD Coin (USDC)?

USD Coin (USDC) is a stablecoin that is pegged to the US dollar, meaning that its value is designed to maintain a 1:1 ratio with the USD. Launched in September 2018 by the Centre consortium, which includes Circle and Coinbase, USDC provides a digital currency that combines the stability of fiat currencies with the benefits of blockchain technology. It operates primarily on the Ethereum blockchain as an ERC-20 token but is also available on other blockchains.

How does USDC maintain its value?

What are the primary uses of USDC?