Cryptocurrencies

Text

What is USDC? Total issuance of USDC coins and introduction to the white paper

USD Coin (USDC), a stablecoin pegged to the US dollar, boasts a market capitalization of approximately $33.5 billion as of August 2023, making it the second-largest in its category.

Sep 30, 2024 at 07:53 pm

What is USDC?

USD Coin (USDC) is a stablecoin pegged to the US dollar. It was created by a consortium of companies led by Coinbase and Circle in 2018. USDC is designed to be a medium of exchange that is more stable than cryptocurrencies like Bitcoin, which can experience significant price fluctuations.

USD Coins are backed by 1:1 in US dollars, which are held in reserve by regulated financial institutions. This means that each USDC token is redeemable for $1.00.

Total Issuance of USDC Coins

As of August 2023, there are approximately 33.5 billion USDC in circulation. This makes USDC the second-largest stablecoin by market cap.

USDC White Paper

The USDC white paper was published in September 2018. It provides an overview of the USDC project, including the following:

The purpose of USDC
The design of USDC
The regulation of USDC
The uses of USDC

The USDC white paper is an important resource for anyone who wants to learn more about USDC. It is available to read on the USDC website.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

MAF

$0.5330

153.75%

Trade Now
VVAIFU

$0.1286

42.28%

Trade Now
STMX

$0.0080

31.94%

Trade Now
PAAL

$0.1928

30.97%

Trade Now
XTZ

$1.09

29.27%

Trade Now
HBAR

$0.1394

25.89%

Trade Now

Latest Crypto News

Gary Gensler Appears Resigned to Having to Resign as America’s Securities Regulator, While Tether’s (Alleged) Treasury Custodian Seems to Have Overplayed His Hand to Become the New Treasury Secretary
2024-11-19 20:20:02
Did Bitcoin’s $16K Escape You? $FLOCK Is Your Last Chance
2024-11-19 20:30:01
Rexas Finance (RXS) Gains Ground With DeFi Applications, Targets 28,800% Price Surge to Rival Dogecoin (DOGE) and Shiba Inu (SHIB)
2024-11-19 20:20:02
Shiba Inu (SHIB) Demonstrates Signs of Recovery, Burn Rate Spikes 6,223%
2024-11-19 20:20:02
XYZVerse ($XYZ) Emerges as the First All-Sport Memecoin, Targeting 20,000% Growth in 2024
2024-11-19 20:20:02
Elon Musk Still Owns a 'Bunch' of Dogecoin, and SpaceX Has 'a Significant Amount' of Bitcoin
2024-11-19 20:20:02

Related knowledge

OKX contract trading process

Nov 14,2024 at 10:32am

OKX Contract Trading Process: A Comprehensive GuideIntroductionContract trading on OKX, a leading cryptocurrency exchange, is a powerful tool for experienced traders seeking to amplify returns or hedge risks. Unlike spot trading, contract trading involves speculating on the future price of an underlying asset, such as Bitcoin or Ethereum, using contract...

How to play OKX perpetual contract

Nov 13,2024 at 12:04pm

How to Play OKX Perpetual ContractIntroductionOKX perpetual contract is a type of derivative contract that allows traders to speculate on the future price of an underlying asset, such as Bitcoin or Ethereum. Unlike traditional futures contracts, perpetual contracts do not have an expiry date, meaning that they can be held indefinitely. This makes them a...

OKX contract trading Explanation

Nov 12,2024 at 03:52pm

OKX Contract Trading: A Comprehensive GuideIntroductionOKX contract trading is a powerful tool available to traders of all experience levels. With the ability to trade a variety of digital assets with leverage, contract trading can provide opportunities to maximize profits while managing risk. This guide will provide a comprehensive overview of OKX cont...

How to play OKX perpetual contracts

Nov 08,2024 at 09:55am

How to Play OKX Perpetual ContractsAn In-Depth Guide to Perpetual Contracts explained via OKX Trading PlatformPerpetual contracts are financial instruments that allow you to speculate on the price of an underlying asset without having to actually own it. They track the price of the underlying asset, so they can be used to hedge against price fluctuation...

How to set a stop loss on OKX contracts

Nov 07,2024 at 02:00am

How to Set a Stop Loss on OKX ContractsStop-loss orders are an essential risk management tool for any trader, and OKX makes it easy to set them up on your contracts. Here's a step-by-step guide:1. Open the OKX Website or Mobile App:Go to the OKX website or app and log in to your account.2. Select the Contract Market:Hover over "Derivatives" in the top m...

Can OKX contracts be withdrawn?

Nov 12,2024 at 04:02am

Can OKX Contracts Be Withdrawn?OKX, a leading cryptocurrency exchange, offers a wide range of contract trading options for its users. However, unlike spot trading, where users can withdraw their assets directly to their personal wallets, contract trading involves leveraged positions that are settled in cash. As a result, contracts cannot be withdrawn in...