USDC

USD Coin (USDC) is a stablecoin overseen by an entity called the Centre Consortium that was established by Coinbase and Circle. The stablecoin aims to maintain its value so that every 1 USDC is worth $1 issued in the United States.

USD Coin (USDC) explained 

USD Coin, which uses the ticker symbol USDC, is a stablecoin that went live in 2018. Stablecoins utilize underlying measures, such as asset backing, in pursuit of providing an asset with a specific, stable price point. A U.S. dollar (USD) stablecoin, for example, generally aims for a price of $1 per coin or token.

Constructed using Centre’s open-source stablecoin framework, USD Coin is reportedly backed by a combination of U.S. dollars and short-dated U.S. government obligations, with each unit of USDC statedly redeemable for $1. USDC is touted as functioning in line with regulations. Grant Thornton, an independent accounting outfit, routinely checks up on the funds backing USDC.

The USDC stablecoin is available as an asset on a number of different blockchains, including as an ERC-20 token on the Ethereum blockchain. Institutional players can issue USDC, pending their compliance with certain conditions, regulatory and otherwise. USDC can be found on several cryptocurrency exchanges and traded through a great variety of pairs. USDC can also be created and redeemed under certain parameters. 

USD Coin price today

Can USDC coin lose value? Although the USDC coin — more accurately known as USD Coin or USDC — aims for a steady value of $1, its price has fluctuated in the past, as seen on the USDC price chart above. The top of the page shows a USDC to USD live price as well as other data. Is investing in USD Coin risky? Everything involves risk, although “investing” might not be the best terminology applicable for USD Coin, as the asset aims to hold the same value as the U.S. dollar.