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Usd Coin Price (USDC)
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Usd Coin Price (USDC)
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About Usd Coin
USD Coin (USDC) is a rather new, US Dollar-bound stable coin. It was launched by Circle and Coinbase on 26 September 2018. USDC is an alternative to other cryptocurrencies backed by USD such as Tether (USDT) or TrueUSD (TUSD).
In short, USD Coin is a US dollar token service to make its use easier over the internet and the public blockchains. In addition, USDC tokens can be replaced at any time in USD.
ERC-20 smart contract ensures that USDC tokens are issued and redeemed. Bringing US dollars to the blockchain allows them to move around the world in a matter of minutes and provides cryptocurrencies with much-needed stability.
Usd Coin Price INR History
| Time | Price in INR | Change in % |
|---|---|---|
| 2021-01-01 | 73.17 | -0.02% | 2020-12-01 | 73.75 | -0.01% | 2020-06-01 | 75.73 | 0.02% | 2020-01-01 | 71.53 | -0.04% | 2019-12-01 | 71.66 | -0.04% | 2019-06-01 | 70.16 | -0.06% | 2019-01-01 | 69.41 | -0.07% |
Usd Coin Price History and Analysis
Usd Coin Price in India (USDC Price in INR)
USD Coin (USDC) has the Ethereum blockchain 1:1 representation of the US dollar. It is an ERC-20 token that is available for all applications that support the standard. You need to sign up, register your identity (KYC) and link a legitimate bank account to tokenize or settle USDCs with Circle. The Centre, the USDC consortium, holds US$1.00 per USDC. for every USDC. The funds are kept under ongoing monitoring and audit of a special bank account.
USD Coin Price in India (USDC to INR) in 2020
The price of the USD Coin was increasing from January 2020 as the slope was clear from 71 INR to above where the highest price of the year 2020 was recorded on 2nd April to be 76.91 INR.
USD Coin Price in India (USDC to INR) in 2021
The price of USD Coin from January till date is considerable in the range between 72 to 74 INR without any deviation where on 27th February the highest record of 74.11 INR was seen.
Usd Coin Features
Stable value
1 USDC can be paid always for US$1.00 for customers with a US dollars bank account, giving it a stable price.
Backed by US dollars
Each U.S. dollar, held in a bank account, is backed by a US dollar.
Powered by Ethereum
USD Coin is a token from Ethereum that you can store in a wallet compatible with Ethereum, like a coin base wallet.
Global transactions
USD Coin is intended to allow dollars to move from your crypto wallet worldwide to other exchanges, companies and people.
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