USDC Price in Euro
The USDC price will always be similar to the price of the USD. Minor fluctuations may occur, but they’re usually so insignificant that they won’t make any difference unless you are a whale. In crypto terminology, a whale is someone who owns a massive amount of specific crypto – typically millions or even billions of euros worth.
At the start, the USDC’s price was exactly $1.00. Decimal changes have occurred.
For example, at one point, the USDC was only worth $0.9997 instead of $1. During one high, the price reached as high as $1.0016, slightly above one dollar, according to CoinMarketCap. At another point, it even reached $1.0284. Realistically, though, these price fluctuations won’t make much of a difference.
If you use USDC to buy something, the merchant will always value one USDC as one USD. In addition, there’s literally no point in trying to trade the USDC. That’s not why people buy the USDC – it’s not a coin you want to buy high and sell low.
One thing worth noting is that prices often change based on supply and demand. If the crypto market is bullish (the outlook is good), people are less inclined to invest in stablecoins. The demand increases when Bitcoin’s price starts falling, and people start worrying about the long-term outlook of the crypto market.
To find the price of the USDC in euros, you will simply have to convert USD to EUR.
USDC Price Prediction
The overall price prediction is unlikely to change. The USDC will likely always remain the same value as the USD. The only exception is if Circle stops backing each USD Coin with a dollar in reserves. However, the monthly attestations help ensure that remains the case.
What Is the Total Supply of USDC?
Unlike other coins, there is never a fixed total supply of USDC. When a buyer buys USDC, the system mints new USD Coins. When they sell USDC, it burns the USD Coins and removes them from the supply. Therefore, the total supply constantly fluctuates. As of this writing, the current supply was 52.30B USDC.
How Does the Market Capitalization Compare to Traditional Markets?
The market cap of USDC as of this writing was $52,288,554,898 – around $52 billion. That might sound like a lot of money, but it’s nothing compared to the market cap of companies in traditional markets. For example, the market cap of Google is $1.43 trillion.
However, it is higher than the market cap of NASDAQ, which was $29.31 billion.
A cryptocurrency's market cap depends on the number of coins in circulation multiplied by the price. However, the market cap of the USDC will always be the number of coins in supply in dollars. For example, if there are 52 billion USDC in circulation, the market cap of USDC will be $52 billion.
Is USDC a Good Investment?
USDC has a good outlook, as not all stablecoins have proof, audits, or attestations showing they are backed by actual cash or funds in reserves.
It may be a good investment if you want a cryptocurrency that likely won’t change in price, but it’s essential to do your own research before you make any financial investment. After all, holding USDC doesn’t come with the same FDIC insurance as having USD in a savings account.