The live price of USD Coin (USDC) today stands firmly at $1.00**, maintaining its status as one of the most stable and widely adopted digital assets in the cryptocurrency ecosystem. With a 24-hour trading volume of **$7.98 billion, USDC continues to serve as a cornerstone for decentralized finance (DeFi), cross-border transactions, and digital asset trading. The real-time market capitalization of USDC is currently $62.16 billion, calculated by multiplying the circulating supply by the current price.
USDC has a circulating supply of 62.15 billion tokens, with a maximum supply cap slightly higher at 62.16 billion. This near-identical circulating and max supply reflects the controlled, transparent issuance model governed by regulated financial institutions. Over the past hour, the price has remained flat with 0.00% change, while showing a negligible shift of -0.00% over the last 24 hours—consistent with its design as a stablecoin pegged 1:1 to the U.S. dollar.
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What Is USD Coin (USDC)?
USD Coin (USDC) is a fiat-collateralized stablecoin designed to combine the speed and accessibility of blockchain technology with the price stability of traditional fiat currency. Each USDC token is backed by one U.S. dollar held in reserve through regulated financial institutions, ensuring full collateralization and auditability.
Launched in 2018 through a collaboration between Circle and Coinbase, USDC operates primarily as an ERC-20 token on the Ethereum blockchain, though it has since expanded to multiple blockchains including Solana, Avalanche, Algorand, and others. This multi-chain availability enhances interoperability across various DeFi platforms, exchanges, and payment networks.
Transparency is a core principle behind USDC. Reserves are subject to monthly attestation reports by independent accounting firms, providing public assurance that every issued USDC token is fully backed by cash and short-term U.S. Treasury securities.
Understanding USDC Market Capitalization
The current market cap of USDC sits at $62.14 billion, placing it among the top digital assets by valuation. Market capitalization is calculated by multiplying the total circulating supply by the current market price per token.
A high market cap like that of USDC signals strong adoption, trust, and liquidity within the crypto economy. It reflects widespread use not only as a trading pair on exchanges but also as a safe-haven asset during periods of volatility in the broader cryptocurrency market.
Compared to other stablecoins such as Tether (USDT) and DAI, USDC stands out due to its emphasis on regulatory compliance, transparency, and integration with institutional financial systems.
Trading Activity and Liquidity
Over the past 24 hours, $7.98 billion worth of USDC has changed hands across global exchanges and decentralized platforms. This robust trading volume underscores its role as a primary medium of exchange in both centralized and decentralized ecosystems.
High liquidity ensures minimal slippage for traders, faster transaction settlement, and tighter bid-ask spreads—key advantages for institutional investors and retail users alike. The negligible price fluctuation (-0.00%) over the day further confirms the effectiveness of its peg mechanism and reserve management.
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Current Price Stability and Supply Metrics
As of now, 1 USDC equals $1.00, maintaining its dollar-pegged value with exceptional consistency. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins like USDC are engineered to minimize price swings, making them ideal for payments, remittances, savings, and yield-generating activities in DeFi protocols.
The circulating supply of 62.15 billion USDC tokens represents all coins currently in public circulation. Given that the maximum supply is capped at 62.16 billion, this indicates that nearly all planned tokens have already been issued, with room for only minor future expansion.
This controlled supply model prevents inflationary pressures and reinforces confidence in the token's long-term stability.
Popularity and Ranking in the Crypto Market
USDC ranks #7 among all known cryptocurrency assets by market capitalization—a testament to its critical infrastructure role in the digital economy. Its ranking is driven not just by size but by utility: USDC is used in lending markets, automated market makers (AMMs), cross-border remittances, and even payroll systems in web3 companies.
Its popularity stems from three key factors:
- Trust through transparency: Regular audits and regulatory compliance build institutional-grade credibility.
- Wide availability: Listed on major exchanges and supported across dozens of blockchain networks.
- Developer-friendly integration: Easy to integrate into wallets, dApps, and smart contracts.
Compared to earlier generations of stablecoins, USDC offers enhanced security, faster settlement times, and better alignment with global financial regulations.
Frequently Asked Questions (FAQ)
Q: Is USDC really backed 1:1 by U.S. dollars?
A: Yes. Each USDC token is fully backed by reserves consisting of cash and short-term U.S. Treasury securities. These reserves are verified monthly through independent attestations published by Circle.
Q: Can USDC lose its $1 peg?
A: While rare, temporary deviations can occur during extreme market stress—such as bank runs or liquidity crunches—but mechanisms like redemption rights and arbitrage typically restore the peg quickly.
Q: Where can I use USDC?
A: USDC is accepted across thousands of platforms including crypto exchanges (like OKX), DeFi protocols (such as Aave and Uniswap), payment apps, and even some e-commerce sites.
Q: How does USDC differ from other stablecoins like USDT?
A: USDC emphasizes regulatory compliance and transparency more than many peers. It operates under U.S. financial regulations and provides more frequent, publicly accessible audit reports compared to some alternatives.
Q: Is USDC safe to hold long-term?
A: For most users, yes—especially those seeking a stable digital store of value. However, it’s important to remember that USDC is issued by centralized entities and depends on trust in those institutions and the banking system.
Q: Can I earn interest on USDC holdings?
A: Absolutely. Many DeFi platforms and centralized crypto lenders offer yield opportunities on USDC deposits, ranging from staking rewards to lending interest.
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Final Thoughts
USD Coin (USDC) remains a foundational pillar of the modern digital economy. Its combination of price stability, regulatory clarity, and broad interoperability makes it indispensable for traders, developers, institutions, and everyday users navigating the world of blockchain-based finance.
As adoption grows and financial systems increasingly digitize, stablecoins like USDC will continue playing a vital role in bridging traditional money with emerging technologies. Whether you're swapping tokens on a DEX, sending money across borders, or earning passive income in DeFi, USDC offers a reliable, efficient, and transparent solution.
With consistent performance metrics—including a rock-solid $1 valuation, massive liquidity, and top-tier market ranking—USDC proves that stability can coexist with innovation in the fast-evolving crypto landscape.