- #557
Bridged USDC (Arbitrum) USDC.E
USDC.E Price
Market Cap
$175.45 MRank #557FDV
$175.45 MRank #3044Detailed Performance
USDC.E shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
USDC.E to USD Converter
Price History
- All-Time High
- $1.121.12x to ATH
- All-Time Low
- $0.87961.14x to ATL
- Trade Launch Date
- 9 Jun, 2023
527 days ago
Activities1
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About USDC.E
USD Coin Ethereum Bridged refers to a version of USD Coin (USDC) that is created and operates on layer two blockchains or sidechains, known as Supported L2 Networks. It utilizes open source bridges, called Supported Bridges, that allow users to lock their USDC on the Ethereum Network and mint a corresponding Bridged USDC on the supported layer two network. This bridging mechanism enables the movement of USDC between Ethereum and layer two networks, providing scalability and energy efficiency benefits. Circle, as the issuer of USDC, fully supports the Ethereum proof-of-stake (PoS) chain. The Bridged USDC Service allows users to convert Ethereum USDC to Bridged USDC and redeem Bridged USDC for USD, subject to the terms and conditions of the service.
What makes USD Coin Ethereum Bridged unique?
USD Coin Ethereum Bridged (USDC-E) is unique compared to other cryptocurrencies because it operates on layer two blockchains or sidechains, specifically the Ethereum network. It utilizes bridges, which are open source smart contracts, to lock USDC on the Ethereum network and mint a corresponding Bridged USDC on the supported layer two networks.
This bridging mechanism allows users to seamlessly transfer USDC between the Ethereum network and other supported layer two networks, such as Polygon. It enables users to take advantage of the benefits and features of different blockchains while still maintaining the value and stability of USDC.
Additionally, Circle, the issuer of USDC, fully supports the Ethereum proof-of-stake (PoS) chain. This commitment ensures that USDC-E users can participate in the Ethereum ecosystem and benefit from the scaling opportunities and reduced energy consumption of the network as it transitions to PoS.
In summary, the unique aspect of USD Coin Ethereum Bridged is its ability to connect different blockchains through bridges, providing users with flexibility, scalability, and the stability of a dollar-backed stablecoin like USDC.
Live Bridged USDC (Arbitrum) Price Data
The current price of Bridged USDC (Arbitrum) (USDC.E) is approximately $0.9991, reflecting a increase of 0.10% in the last 24 hours. The USDC.E trading volume in the last 24 hours stands at $44.11 million. Bridged USDC (Arbitrum)'s market cap is currently $175.45 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of USDC.E is 175.60 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Bridged USDC (Arbitrum)'s performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on USDC.E, check out our crypto insights page.
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USDC.E to USD Converter
Price History
- All-Time High
- $1.121.12x to ATH
- All-Time Low
- $0.87961.14x to ATL
- Trade Launch Date
- 9 Jun, 2023
527 days ago