About(USDC)

About(USDC)

USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.

The stablecoin originally launched on a limited basis in September 2018. Put simply, USD Coin’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.

Several use cases have been unveiled for the USD Coin. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming.

Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

 

Special Token Risk Disclosure

The regulatory status of USDC and blockchain technology is ambiguous or undetermined in many jurisdictions, hence It is difficult to predict how or whether regulatory authorities will apply current regulations to USDC, blockchain technology, and its applications.

 

Management of Voting Rights for Virtual Assets

HashKey Global's policies concerning the handling of voting rights that may be associated with certain virtual assets traded on this platform:

1. Non-Exercise of Voting Rights: HashKey Global does not exercise voting rights associated with virtual assets on behalf of its users. The role of HashKey Global is strictly to provide a trading platform for these assets, not to participate in the governance of any assets that may confer voting rights.
2. Users' Exercise of Voting Rights: Users who wish to exercise any voting rights associated with their virtual assets are required to withdraw the respective assets from our platform.

HashKey Global encourages users to fully understand the rights associated with any virtual assets they may hold.

 

Token Price Metrics: Highs, Lows, and Reductions

Please refer to https://coinmarketcap.com/currencies/usd-coin/ for the details and calculate as below:

1. To calculate a cryptocurrency token's highest price stated as both an absolute amount and a percentage change from the current price, follow these steps:
   • Retrieve Price Data including the dates eg. from CoinMarketCap.
   • Identify the highest price within timeframe of interest.
   • Calculate absolute amount and percentage change from current price
     • Absolute amount change = Highest Price - Current Price
     • Absolute amount change percentage = (Highest Price - Current Price)/Highest Price x100%
   • Record Dates
2. To calculate a cryptocurrency token's lowest price stated as both an absolute amount and a percentage change from the current price, follow these steps:
   • Retrieve Price Data including the dates eg. from CoinMarketCap.
   • Identify lowest price within timeframe of interest.
   • Calculate absolute amount and percentage change from current price
     • Absolute amount change = Current Price - Lowest Price
     • Absolute amount change percentage = (Current Price - Lowest Price)/Lowest Price x100%
   • Record Dates
3. To calculate a cryptocurrency token's largest price reduction from high to low, follow these steps:
   • Retrieve Price Data including the dates eg. from CoinMarketCap.
   • Identify High and Low Prices within timeframe of interest.
   • Calculate Absolute Reduction and Percentage Change: Absolute Reduction = Highest Price - Lowest Price, Percentage change = (Absolute Reduction/High)x 100
   • Rank Reductions to identify the largest.
   • Record Dates

 

Token Information

Date of Launch: 2018-09-24

Total Supply: ∞

Security Audit: Not Available

 

Disclaimer

The information on this page, including any third-party links, whitepapers, and audit reports, is for informational purposes only. We make no warranties about its accuracy, completeness, or suitability. The content may change and may not be up-to-date. We recommend verifying the information directly from the linked resources. We do not necessarily endorse any included links. Use of this information is at your own risk. Nothing on this page should be construed as investment advice. Virtual assets are subject to significant price volatility and risks. Please refer to Virtual Asset Risk Disclosure. If unsure about any financial decisions, please seek professional advice.

 

Related Links

Please refer to: Virtual Asset Risk Disclosure

Please refer to this link to retrieve historical price data: https://coinmarketcap.com/

Please refer to this link for circulating supply, Market Capitalization, and Fully Diluted Value: https://coinmarketcap.com/currencies/usd-coin/