USD Base Coin

USDbC

USD Base Coin (USDbC) is a bridged version of USDC on Base Chain.

Risk Rating
Good
$1.00
0.16%
What is USD Base Coin?

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Information
Blockchain
  • Base
Info
Key Metrics
  • Market Cap: $40.1B
  • Fully Diluted Valluation: $40.2B
  • FDV / MC: 1
  • Ranking inside Exponential (among stables): #2
  • Circulating Supply: 40,124,555,134
  • Total Supply: 40,164,451,411
  • Volume (24H): $9.6B
  • ATH: $1.17 (05/08/2019)
  • ATL: $0.88 (03/11/2023)
Risk Assessment
Good
Asset Strength

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.

Dependencies

Base Bridge

Asset Tokenomics

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.

Things to know about USDbC

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USDbC Pools
Beefy USD Market Making
12.9%
Yield
$109K
TVL
Risk
D
Protocol
Beefy
Chain
Base
Compound USD Lending
6.2%
Yield
$73K
TVL
Risk
B
Protocol
Compound V3
Chain
Base
Seamless USD Lending
3.7%
Yield
$27K
TVL
Risk
C
Protocol
Seamless
Chain
Base

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