USDC to ETH conversion chart
USD Coin to Ethereum correlation
ETH and USDC are not correlated to each other as ETH’s value depends on the supply and demand. Whereas, USDC is a stable coin which is backed by traditional fiats like the dollar and the euro. USDC’s value remains the same, which is $1 regardless of the market conditions. Hence, ETH and USDC do not share a strong relationship.
Live USD Coin Price Change and Market Cap
Currently, the USDC price is 0.000367 ETH. According to the USD Coin price chart, the 24-hour change is -11.09%. The total market capitalization of USD Coin is $75447 with 73702.4 USDC in circulation. In the previous 24 hours, the USD Coin price hit highs of 0.0003701 ETH and lows of 0.000352 ETH.
USD Coin Price Prediction
Unlike most other cryptocurrencies, USD Coin’s value is not influenced by the market supply and demand but regulated through a reserve. USD Coin is a stable coin which is backed by the US Dollar. The peg is in the ratio of 1:1 which keeps the USD Coin price at $1 all the time. USD Coin price will remain unchanged even in the long run as there is little to no impact of the market conditions on USDC.
USDC to ETH exchange margin
Considering today’s exchange rate, a transaction of 1 USDC to ETH would result in an output of 0.000367 ETH.
How to convert USD Coin to Ethereum
USD Coin and Ethereum comparison
USD Coin was developed by the consortium of Circle and Coinbase. USDC is a stablecoin issued on the Ethereum network. USD coin is backed by the US Dollar to maintain the price of the token at $1. Monthly audits of the collateral are published to ensure transparency.
Ethereum was launched in 2014 by Vitalik Buterin. It is an open-source blockchain network with a major emphasis on smart contracts. For the starters, smart contracts are pieces of code which automatically processes the transactions once the preset conditions are met. Ethereum is often praised as the Second Generation of blockchain. Ether is the native cryptocurrency of the Ethereum blockchain.
What is USD Coin?
Though Bitcoin is the most valuable cryptocurrency, its volatility poses a barrier for the enthusiasts to enter the crypto market. Stablecoins fix this issue by offering cryptocurrencies that are not volatile and hold consistent value. USD Coin is one such cryptocurrency that is backed by the US Dollar. The peg is at the ratio of 1:1 and the value of 1 USDC will always remain the same which is $1 per USDC coin.
USDC was issued on the Ethereum network by Circle and Coinbase. Monthly reports on the reserves are published to keep the project transparent and trust-worthy. USDC is mostly used by the users to either enter or exit the cryptocurrency market without any volatility. USDC can also be traded similar to other cryptocurrencies and it also powers cheaper transactions across borders.
USD Coin to Ethereum price details
USDC to ETH Conversion Rate and Price
Currently, the conversion rate for 1 USDC equals to 0.000367 ETH. The 24-hour highest price of USD Coin in relation to ETH was 0.0003701 ETH and the lowest was 0.000352 ETH. In short, USDC price in relation to ETH changed by -11.09%.
Instantly Exchange USDC to ETH
On ChangeHero you can instantly exchange USD Coin to Ethereum without signup. You can easily convert USDC to ETH in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDC to ETH exchange.
USDC to ETH Best Rate Exchange
In the the Best Rate exchange of USD Coin to Ethereum, we search through various exchanges for the USDC to ETH pair and find the best rate available in the market. We provide you with an estimation of the amount of ETH you will receive.
As soon as you accept the terms and the USDC is deposited, the exchange will be automatically processed. We remind you that the final amount of ETH you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDC to ETH.
USDC to ETH Fixed Rate Conversion
In the the Fixed Rate exchange of USD Coin to Ethereum, ChangeHero finds a good rate for the pair USDC to ETH and fix the rate for up to 15 minutes. In the Best Rate exchange of USDC to ETH, you will receive the exact amount of ETH which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the specified ETH address. ChangeHero is the best place to exchange USDC to ETH fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDC to ETH?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange USDC to ETH?
No, you do not require an account to swap USDC to ETH on ChangeHero. There will be no registrations for your USD Coin to Ethereum transaction.
Do I need to go through KYC procedures for USDC to ETH exchange?
There will be no KYC for the USDC to ETH exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange ETH to USDC?
Yes, you can instantly exchange ETH to USDC on ChangeHero.
Buy and sell Ethereum
Are you looking to buy Ethereum? Now, on ChangeHero you can buy Ethereum with credit or debit card. Also, you can see your cryptocurrency on ChangeHero to US Dollars and Euro. Give it a try.
