USD Base Coin

• Base

• Website
• Community
• Source Code
• Twitter
• Asset Type: ERC-20

• Market Cap: $33.5B
• Fully Diluted Valluation: $33.5B
• FDV / MC: 1
• Ranking inside Exponential (among stables): #2
• Circulating Supply: 33,464,184,732
• Total Supply: 33,464,536,932
• Volume (24H): $6.4B
• ATH: $1.17 (05/08/2019)
• ATL: $0.88 (03/11/2023)

USDbC is a large-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Base bridge, a protocol rated as Watch out.

USDbC is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.

USDbC has an uncapped supply but has inflation control or burn mechanisms in place. USDC on Base is backed 1:1 by USDC locked in the Base bridge on the Ethereum chain. USDC is backed 1:1 by USD reserves held with a licensed custodian (Circle). USDC is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.

Base Bridge