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In July 2022, Circle reported that the circulation of USDC had reached $55 billion. [11] On March 11, 2023, USDC temporarily lost its peg to the US dollar after Circle revealed that $3.3 billion dollars, about 8% of its reserves, were jeopardized due to the collapse of Silicon Valley Bank the day before. [12]
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
To create new USDC, users deposit U.S. dollars with Circle, which then issues an equivalent amount of USDC tokens on the blockchain. This process ensures every USDC in the market is backed by a ...
In 2024, the Securities and Exchange Commission (SEC) approved the trading of ETFs that invest directly in Bitcoin, ... USD Coin (USDC) Price: $1.00. Market cap: $45.38 billion.
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
Alternatively the slash may be omitted, or replaced by either a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency).
USDC may refer to: United States Department of Commerce; United States Diplomacy Center; United States district court; Universal Scene Description, .usdc (binary-encoded) file format; Ultrasonic/sonic driller/corer; USD Coin, a stablecoin cryptocurrency