USD Coin
USDC
Watchlist
₹89.95
LIVE
Watchlist
24H Low ₹89.94
24H High ₹90.05
Price of USDC today
The current live price of USDC today is ₹89.95, with a 24-hour trading volume of ₹16,67,37,38,35,877.10. Our USDC to INR price is updated in real-time. USDC has seen a increment of 0.02% in the last 24 hours. With a live market cap of ₹36,59,59,96,38,594.00 , the circulating supply is at 40,660,311,054 USDC coins, with a maximum supply of 40,660,311,054USDC coins.
USD Coin Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | -₹0.05 | 0.05% |
7 Days | -₹0.04 | 0.04% |
30 Days | ₹0.04 | 0.05% |
1 Year | -₹0.10 | 0.11% |
USD Coin Price Information
Price Change (1hr)
0.03%
Price Change (24hr)
0.05%
Price Change (7d)
0.04%
USD Coin Market Stats
Market Cap
₹36,59,59,96,38,594.00
Fully Diluted Market Cap
₹36,59,59,96,38,594.00
24hr Volume
₹16,67,37,38,35,877.10
124.82%
Circulating Supply
40660311053.9 USDC
Total Supply
40660311053.9 USDC
Things to know about USD Coin
What is the token?
USD Coin (USDC) is a stablecoin tied to the U.S. dollar at a 1:1 ratio, aiming for stability in the volatile cryptocurrency market.
They are fully backed by U.S. dollar reserves in regulated U.S. financial institutions.
Monthly attestation reports by Grant Thornton to verify reserves.
Tokenomics
USDC has an unlimited supply but features mechanisms to control inflation or burn excess tokens.
1:1 backing by USD reserves is held with a licensed custodian circle.
The minting process involves USD sent to a bank account, followed by USDC minting through a smart contract, with USD held in reserve.
Market Data
As of today #{today’s date}, the price of USD Coin is ₹89.95 INR or 0.9994 USD, with a 24-hour trading volume of 18526375954.19 USD. The market capitalisation for USD Coin is 40662218206.6USD. The circulating supply is 40660311053.9 USD Coin, with the total supply also being 40660311053.9 USD Coin.
Token Pros and Cons
Pros:
There is low volatility due to its stable value being pegged to the USD.
High transparency and trustworthiness with monthly attestation reports.
Wide acceptance and utility across multiple blockchains and in various financial applications.
Cons:
There is no price appreciation potential due to its stable nature.
Centralisation, with the ability for addresses to be blacklisted.
Why Should You Invest in the Coin?
USDC offers stability and security for transactions, a hedge against crypto volatility, and opportunities to earn interest on DeFi platforms.
USP of the Coin
Stability, transparency, and broad acceptance across multiple blockchains, serving as an efficient digital dollar for global transactions.
Problem the Coin is Solving
Mitigates cryptocurrency volatility, ensuring stable, predictable transactions in the digital economy.
Founder and Team Background
It was launched by the Centre consortium, co-founded by Circle and Coinbase.
Key figures include Circle co-founders Jeremy Allaire and Sean Neville, who have backgrounds in finance and technology.
ICO Price
There is no ICO price for USDC as it is always intended to be equivalent to $1, being a stablecoin.
Risks Associated in Investing in the Coin
Potential regulatory changes impacting stablecoins, centralisation concerns, and dependency on the issuer’s ability to maintain the USD peg.
Whitepaper Insights
The USD Coin (USDC) whitepaper outlines the creation of a stablecoin fully backed by the U.S. dollar, aiming to combine the stability and reliability of fiat currencies with the efficiency and global reach of digital currencies. USDC operates on an open-source framework developed by the Centre consortium, ensuring transparency and interoperability across multiple blockchain platforms.
The whitepaper details the tokenomics of USDC, emphasising its 1:1 peg to the USD, backed by reserves held in regulated financial institutions. These reserves are audited monthly by independent firms, providing a high level of transparency and trust in the USDC ecosystem. The process of minting and redeeming USDC is clearly outlined, ensuring that for every USDC in circulation, there is an equivalent USD held in reserve.
Furthermore, the whitepaper discusses the various use cases for USDC, including remittances, payments, and as a stable asset in the volatile cryptocurrency market. It highlights the advantages of USDC in terms of speed, cost, and global reach compared to traditional banking systems.
The governance of USDC by the Centre consortium is also covered, explaining the roles of Circle and Coinbase in the project’s development and oversight. The whitepaper addresses the regulatory compliance of USDC, ensuring that it operates within the guidelines set by financial authorities.
In summary, the USD Coin whitepaper presents a comprehensive overview of a stablecoin designed to bridge the gap between traditional fiat currencies and the digital economy, offering a stable, transparent, and efficient medium of exchange for users worldwide.
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Price as per 09:23 AM • 10 Dec 2024
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What is the price of USD Coin (USDC)?
The current price of USD Coin (USDC) in INR is ₹89.95 INR.
What is the current USDC market cap?
The current market capitalization of USD Coin (USDC) is ₹36,59,59,96,38,594.00 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of USDC by the number of coins in circulation.
What is the current supply of USD Coin (USDC)?
The current supply of USD Coin (USDC) is 40660311053.9 USDC. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of USD Coin (USDC)?
The 24-hour trading volume of USD Coin (USDC) in INR is ₹16,67,37,38,35,877.10. This figure represents the total value of all USDC transactions across various exchanges within the last 24 hours.
How to Buy USD Coin (USDC) in India?
To buy USD Coin (USDC) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in USDC.
Can I buy USD Coin (USDC) with UPI?
Yes, you can buy USD Coin (USDC) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert USD Coin (USDC) to Indian Rupee (INR)?
To convert USD Coin (USDC) to Indian Rupee (INR), you can use our USDC/INR conversion rates in real time.