USDC to XAUt conversion chart
USDC to Tether Gold correlation
XAUt and USDC are not correlated to each other as XAUt’s value depends on supply and demand. Whereas, USDC is a stablecoin that 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, XAUt and USDC do not share a strong relationship.
Live USD Coin Price Change and Market Cap
Currently, the USDC price is 0.000375 XAUT. According to the USD Coin price chart, the 24-hour change is 2.88%. The total market capitalization of USD Coin is $122548 with 122539.45 USDC in circulation. In the previous 24 hours, the USD Coin price hit highs of 0.000399 XAUT and lows of 0.0003513 XAUT.
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 XAUt exchange margin
Considering today’s exchange rate, a transaction of 1 USDC to XAUt would result in an output of 0.000375 XAUT.
How to convert USDC to Tether Gold
USDC and Tether Gold 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.
Tether Gold (XAUT) is a cryptocurrency token that represents ownership of physical gold. Each XAUT token is backed by one troy ounce of gold held in a Swiss vault, providing investors with a digital representation of gold ownership. Tether Gold aims to combine the benefits of digital assets with the stability of gold.
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.
USDC to Tether Gold price details
USDC to XAUt Conversion Rate and Price
At the moment, the conversion rate for 1 USDC equals 0.000375 XAUT. The 24-hour highest price of USDC in relation to Tether Gold was 0.000399 XAUT and the lowest was 0.0003513 XAUT. In short, USDC price in relation to XAUt changed by 2.88%.
Instantly Exchange USDC to XAUt
On ChangeHero you can instantly exchange USDC for Tether Gold without registrations. You can easily convert USDC to XAUt in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDC to XAUt exchange.
USDC to XAUt Best Rate Exchange
In the Best Rate exchange of USDC to Tether Gold, we search through various exchanges for the USDC to XAUt pair and find the best rate available in the market. We provide you with an estimation of the amount of XAUt 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 XAUt you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDC to XAUt.
USDC to XAUt Fixed Rate Conversion
In the Fixed Rate exchange of USDC to Tether Gold, ChangeHero finds a good rate for the pair USDC to XAUt and fixes the rate for up to 15 minutes. In the Best Rate exchange of USDC to XAUt, you will receive the exact amount of XAUt 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 XAUt address. ChangeHero is the best place to exchange USDC to XAUt fast and safely at the best rates.
Frequently asked questions
How long does it take to convert USDC to XAUt?
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 XAUt?
No, you do not require an account to swap USDC to XAUt on ChangeHero. There will be no registrations for your USDC to Tether Gold transaction.
Do I need to go through KYC procedures for USDC to XAUt exchange?
There will be no KYC for the USDC to XAUt 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 XAUt to USDC?
Yes, you can instantly exchange XAUt to USDC on ChangeHero.