USD Coin (USDC)
USDC is a stablecoin issued by Circle that aims to maintain a value pegged to the U.S. dollar.
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Chart: TradingView Lightweight Charts™ · Data: CoinMarketCap
USD Coin value in USD
Conversions using the latest available price. Excludes fees and the bid-ask spread.
| USDC amount | Value |
|---|---|
| 0.001 USDC | $0.001000 |
| 0.01 USDC | $0.01000 |
| 0.1 USDC | $0.1000 |
| 1 USDC | $1.0000 |
| 10 USDC | $10.00 |
| Budget | Estimated amount of USDC |
|---|---|
| $100.00 | 100.00380244 USDC |
| $500.00 | 500.01901220 USDC |
| $1,000.00 | 1,000.03802440 USDC |
| $5,000.00 | 5,000.19012201 USDC |
| $10,000.00 | 10,000.38024402 USDC |
On this page
USDC is a stablecoin issued by Circle, designed for dollar-based transfers and application use on the blockchain, aiming to maintain a value close to the U.S. dollar. Holding USDC is not the same as holding a dollar deposit in a bank in your own name. The market price may deviate from its target, and the availability of the token depends on the network, the issuer, and the terms of service.
Reserves and the redemption relationship
Circle publishes information regarding USDC reserves and periodic assurance reports. The assets comprising the reserves and the dates they were measured can be viewed on the official transparency page. Reserve documentation provides information regarding the backing of the token; it is not a guarantee that all future risks are eliminated. The scope of the report may also differ from the scope of a full financial statement audit.
Direct issuance or redemption transactions through Circle are subject to eligible customer accounts and relevant terms. It should not be assumed that everyone who purchases USDC from an exchange has the same direct access. When selling on an exchange, the price, order book, and the platform’s withdrawal conditions come into play. Therefore, the dollar target of the token should be distinguished from the net dollar or TRY amount that will reach your account.
Native USDC and bridged versions
USDC exists on some networks as a native token supported by the issuer. Representations created through another bridge may have a different contract and additional trust assumptions. Even if the name and logo are similar, these assets are separate tokens within applications. It is necessary to check which contract the target platform accepts.
For example, native USDC and a bridged version of USDC may exist side-by-side on the same network. A lending application might only accept one as collateral; an exchange might only credit a specific version to a deposit balance. Simply seeing the token symbol is not enough. Circle’s official network and contract list is the primary source for verifying the issued asset.
What does CCTP do?
Circle’s Cross-Chain Transfer Protocol (CCTP) provides issuer-based transfer processes, such as burning USDC on one side and minting it on the other on supported networks. This approach differs from the model of locking an asset in a bridge and creating a separate representation. Users must still check the supported networks, routes, durations, and fee conditions offered by the application.
An interface using CCTP does not mean all transactions will be free or completed instantly. There may be stages such as source network confirmation, the relevant verification process, and the target network transaction. To perform the subsequent transaction on the target, the gas asset of that network may also be required. Completing the transfer and being ready to use the token in another application are separate situations.
What costs occur when using USDC?
Simple transfers may involve network fees, withdrawals from exchanges may involve platform fees, and trading may involve commissions and bid-ask spreads. Even if an application shows its fee in USDC, the underlying transaction may require a different fee asset. It is necessary to read the net sent amount and the amount to be received at the destination together. In conversions involving multiple steps, the cost of each step is added.
Hypothetically, you might count 1,000 USDC as $1,000 with a $1 target price. However, if your sell offer is $998 and there is also a $3 transaction fee, you will receive $995. This example illustrates the difference between the target price and the realized net amount. There is also exchange rate volatility in TRY accounts; a close peg in dollar terms does not guarantee the same result in TRY terms.
Limitations and custody preferences
USDC is a token dependent on the issuer. Relevant contracts may contain address restriction powers. The accessibility of reserves, banking infrastructure, and market confidence can affect the price and redemption process. Holding USDC on an exchange creates a dependency on the exchange account, while holding it in a personal wallet creates a dependency on your key security.
When deposited into a yield application, the risk is not limited to USDC alone; the contract, collateral, and withdrawal liquidity also become important. Do not interpret the word stablecoin as risk-free interest without understanding the source of the yield. Evaluating the market data on this page alongside official reserve documents and the contract information of the network you use will allow you to see the structure of the asset you own more clearly.
