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USD Coin (USDC) price performance.

The current USD Coin price is $1 as in the last 24 hours its value has changed by 0%. USD Coin ranks number 5 in terms of market capitalization. USD Coin is a cryptocurrency you can buy, sell, or exchange on the Nexo platform.

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Optimize the value of your USD Coin.

Custody, trading and futures are provided by Tangany and DLT Finance under their MiCA and MiFID authorisations. Earn rewards and crypto-backed loans are separate products, offered under their own terms and outside the scope of those authorisations. Learn more.

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Build your crypto wealth with up to 15% on your USDC holdings.

What is USDC?

USD Coin (USDC) is a digital dollar backed by highly liquid cash and cash-equivalent assets and is redeemable 1:1 for US dollars. The goal is simple: to provide a reliable digital currency that avoids the price swings you often see with other cryptocurrencies. USDC was launched in 2018 by the Centre Consortium, a partnership between Circle and Coinbase. Circle’s founders, Jeremy Allaire and Sean Neville, had a clear vision — to create a more open and accessible financial system using blockchain technology. When it first launched, USDC was built on Ethereum as an ERC-20 token. Over time, it expanded to other blockchains like Solana and Algorand, giving users more flexibility across different networks. The main appeal of USDC is its stability. Unlike many cryptocurrencies, which can be highly volatile, USDC is designed for consistency. It’s widely used for payments, trading, and decentralized finance (DeFi) applications where stability is key. Circle publishes regular reports showing the reserves backing USDC. After the Centre Consortium dissolved in 2023, Circle took full control of USDC operations and continued to manage its supply by minting or burning tokens as needed. Circle manages USDC with a strong focus on transparency and compliance.

Why choose Nexo to buy USD Coin?

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Find answers to all your questions about USD Coin.

What does USDC stand for?

USDC stands for United States Dollar Coin. It's a type of cryptocurrency known as a stablecoin, designed to maintain a 1:1 value with the U.S. dollar.

What blockchain is USDC on?

USDC exists on several blockchain networks. While it started on Ethereum (as an ERC-20 token), it's also available on networks like Solana, Avalanche, Algorand, Stellar, and more. This multi-network approach makes it easier to use USDC across different crypto platforms, especially when transferring between chains using tools like blockchain bridges.

When was the first USDC stablecoin issued by Circle?

The first USDC stablecoin was launched in September 2018 by Circle, through the Centre Consortium, a joint venture with Coinbase.

What is USDC used for?

USDC is a versatile stablecoin pegged to the U.S. dollar, used for various purposes:
  • Trading: Quickly deploy capital in crypto markets.
  • Store of value: Protect against volatility and hyperinflation.
  • Cross-border payments: Send money internationally, fast and cheap.
  • DeFi: Participate in decentralized finance for lending, borrowing, and trading.
  • P2P transfers: Send USDC directly to others.
Its stability and efficiency make USDC a popular choice in the crypto world and beyond.

How many USD Coin (USDC) tokens are there?

USD Coin (USDC) does not have a fixed maximum supply. Instead, its supply is flexible and can increase or decrease based on demand. As of July 15, 2026, nearly USDC are in circulation.

How to buy USD Coin (USDC) with a card?

Enjoy seamless purchases and buy USDC using your preferred card (credit or debit) or mobile payment method (Apple Pay/Google Pay) via the Nexo app or web platform. Find instructions in our Help Center article.

How to buy USD Coin (USDC) with a bank transfer?

Bank transfers make buying USDC simple. Add funds to your account with a bank transfer (EUR/GBP are quicker; USD may take up to 2 business days). Then, use the Exchange tab in the Nexo app to exchange your funds for USDC.

What tools can help me with my crypto tax reporting?

We've partnered with Koinly, a leading crypto tax software provider, to help our clients easily track and report their USD Coin (USDC) and other crypto transactions. Through our platform's integration with Koinly, you can seamlessly import your USDC trading history and generate tax reports that align with your local tax requirements. Check out our guide on how to create a tax report via Koinly.

How does Nexo take care of my USD Coin (USDC)?

With Nexo, your USD Coin (USDC) is managed using leading custodial solutions, including Ledger Vault and Fireblocks. Your assets also benefit from strong 256-bit encryption, continuous fraud detection methods, and systems complying with ISO/IEC 27001:2013 standards. Plus, our Client Care team provides you with specialized service around the clock. You can learn more about our fundamentals here.

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