USD Coin (USDC)

Announcement

If you've mistakenly sent USDC to a USDC smart contract address, we have good news! We’ve developed a service to help you recover your USDC. Learn more about eligibility and requirements for this service.

What is USD Coin (USDC)?

USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. Note: Coinbase only supports USDC running on Ethereum (ERC-20).

USDC, a Digital Dollar

  • It is a 1:1 representation of a single US dollar on the Ethereum blockchain
  • Each USDC is 100% collateralized by a corresponding USD held in bank accounts of the issuer, subject to regular public reporting of USD reserves

How is it used? 

  • USDC follows the ERC20 standard and can thus be used with any app that accepts tokens based on that standard
    • This means a stable digital dollar can now be used to buy any digital item in the crypto ecosystem
  • Programmable dollar that can be utilized by developers and fintech businesses

What products support USDC?

  Send/Receive Trading
 Coinbase            ✔       ✔
 Pro           ✔       ✔

What regions support USDC?

    US  NY   EU   UK   CA/SG 
 Coinbase     ✔  ✔   ✔   ✔      ✔
 Pro     ✔  ✔   ✔   ✔      ✔

Crypto to fiat trading pairs

   US UK EU
USD   ✔  ✖️ ✖️
GBP   ✖️  ✔
✖️
EUR  ✖️  ✔
 ✔

Crypto to crypto trading pairs

  USDC BTC ETH  
USDC      ✔   ✔   ✔  

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for USDC?

USDC requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts USDC?

USDC is hosted on the Ethereum blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.001 USDC

Maximum: 8,500,000 USDC

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