What is the current price of USDCe (Bridged) (USDCe)?

The current price of USDCe (Bridged) (USDCe) is 1.592728731960975 AUD, representing a +0.34 from the day prior.

Can I buy USDCe (Bridged) (USDCe) on Coinstash?

Yes - you can easily buy and sell USDCe (Bridged) (USDCe) on Coinstash. Simply login or sign up, to start buying USDCe (Bridged) (USDCe) in minutes.

Where is the best place to buy USDCe (Bridged) (USDCe) in Australia?

The best place to buy USDCe (Bridged) (USDCe) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell USDCe (Bridged) (USDCe) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of USDCe (Bridged) (USDCe)?

The trading volume of USDCe (Bridged) (USDCe) is 0 AUD in the last 24hrs, representing a +0.34 from the day prior.

How can I buy USDCe (Bridged) (USDCe)?

USDCe (Bridged) (USDCe) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of USDCe (Bridged) (USDCe)?

The current market cap of USDCe (Bridged) (USDCe) is 0 AUD.

Can I convert USDCe (Bridged) (USDCe) to cash?

Yes - With Coinstash you can convert your USDCe (Bridged) (USDCe) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many USDCe (Bridged) (USDCe) are there?

The current circulating supply of USDCe (Bridged) (USDCe) is 0.

Is Coinstash a safe place to buy USDCe (Bridged) (USDCe) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling USDCe (Bridged) (USDCe) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy USDCe (Bridged) (USDCe)

What is USD Coin (USDC)?

USD Coin (USDC) is a digital stablecoin pegged 1:1 to the U.S. dollar, designed to provide a stable and secure medium of exchange within the cryptocurrency ecosystem. Each USDC token is backed by one U.S. dollar or equivalent assets held in reserve, ensuring its value remains consistent with the U.S. dollar.

How does USD Coin (USDC) work?

USDC operates as an ERC-20 token on the Ethereum blockchain and is also available on multiple other blockchains, including Solana and Polygon. The issuance and redemption process involves:

Issuance: Users send U.S. dollars to an authorized issuer, who then creates and issues an equivalent amount of USDC tokens.
Redemption: Users return USDC tokens to the issuer, who then provides the equivalent amount in U.S. dollars and burns the returned tokens to maintain the 1:1 backing.

This mechanism ensures that each USDC in circulation is fully backed by corresponding reserves, maintaining its peg to the U.S. dollar.

What are the potential use cases for USD Coin (USDC)?

Applications:

Digital Payments: Facilitates quick and secure transactions across borders without the volatility associated with other cryptocurrencies.
Decentralized Finance (DeFi): Serves as collateral and a medium of exchange in various DeFi protocols, enabling lending, borrowing, and yield farming.
Remittances: Provides a cost-effective solution for sending remittances globally, with near-instant settlement times.
Trading and Hedging: Offers traders a stable asset to park funds during market volatility and pairs with other cryptocurrencies for trading.

Industries:

E-commerce: Enables merchants to accept stable digital payments, reducing reliance on traditional banking systems.
Financial Services: Integrates into financial products and services, offering stability and transparency.
Gaming and Virtual Economies: Utilized within online platforms and games as a stable in-game currency.

What is the history of USD Coin (USDC)?

2018: Launched by the Centre Consortium, a collaboration between Circle and Coinbase, to provide a regulated and transparent stablecoin solution.
2021: Visa announced support for USDC, allowing its use for settling transactions within its payment network.
2023: USDC temporarily lost its peg to the U.S. dollar following the collapse of Silicon Valley Bank, where a portion of its reserves was held. The peg was restored after four days.
2024: Circle announced the relocation of its global headquarters to New York City ahead of its planned initial public offering (IPO).