USD Coin USDC Interest Calculator

usdc calculator

Here at WalletBurst, I use and recommend BlockFi as my crypto-lending platform of choice for earning interest on my USDC. You can read more about my experience with depositing USDC at BlockFi below. Check out our other calculators to see if another one coin could be more profitable for you. Live tracking and notifications + flexible delivery and payment options.

Moonriver Sep 11, 2021 had the highest price, at that time trading at its all-time high of $494.26. 1309 days have passed since then, and now the price is 85.51% of the maximum. USD Coin May 8, 2019 had the highest price, at that time trading at its all-time high of $1.17. USD Coin is not a mineable coin, therefore we do not offer a mining calculator. USD received from Crypto Converter can only be used for USD contract trading or for more conversions.

The world’s most popular currency tools

If you are using USD or other FIAT currency to trade you can onboard your money into a new asset through a bid order. If you already have the asset you wish to trade you can either place a bid order for more of that asset, or an ask order to sell some of that asset. Thus, picking your crypto trading pair is the first step to trading.

In fact, they could even lose value when the crypto market turns bearish. You can also compare your performance against other strategies such as dollar cost averaging. This tool is designed to help you backtest your investment strategy, so you can compare it against other strategies and decide which one is best for you. If you want to test out your investment strategy, you’ll need to understand how it works and what you’re hoping to achieve. This is where the DCA-CC calculator comes in – it can help you see if your strategy will generate the return you want. Order books contain orders to buy or sell an asset that are determined by exchange users.

Recent Trades section

Experts are sure that the company protects itself from possible legal problems, and that cryptocurrency has a risk of losing real currency support. Indeed, official Tether Limited publicly acknowledged that USDT tokens are not backed by U.S. dollars, but are supported by other cryptocurrencies available for conversion to Tether. The company is in no hurry to conduct an audit to disclose the real reserve of Tether. According to unofficial data, the Tether backup amount is half the equivalent of the total volume of issued tokens. In November 2019, the company’s official blog also published that the system was hacked that led to the loss of more than $ 30 million. The Omni Foundation, which developed the Tether protocol, released a new version of the software, the platform was disabled, and the stolen tokens were blacklisted.

USD Coin is a stablecoin backed by US dollars, which are held in reserve by regulated financial institutions. USD Coin is managed by Centre, which acts as the central issuer. Lastly, and perhaps the most important to me as a BlockFi customer, is that depositors are higher in the liquidation stack than even equity holders in the company. This means in the event of a solvency breakdown, the shareholders and investors in BlockFi would lose their investment in order to return funds to depositors.

US Dollar to USD Coin

These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. A lot of people buy USD Coin just to hold it for potential future profit. But until that time comes, these crypto funds are just sitting there, gathering dust.

The modern electronic interface is easily used by both beginners and experienced traders. You can use the desktop wallets to store and trade USDT, as well as download the Android and IOS app on your mobile. Due to the modern encryption methods, Tether is safe using it with hot and cold storage of cryptocurrency.

How do I calculate the conversion from USDC to USD?

Tether Limited is not obligated to exchange tokens for fiat currencies and does not guarantee protection against losses during trading operations. Tether itself has been established on the open-source protocol Omni Layer, allowing access to the blockchain and ensuring the support of tokens based on bitcoin. Users can freely trade issued USDT tokens, purchasing any of the enabled cryptocurrency for them or keep them in any equipped wallet. The storage of Tether tokens is worth nothing since the amount of currency assurance is equivalent to the currency amount in USD. Accordingly, the token disables in the same way after the end of the exchange procedure. There are multiple ways that you can earn interest on your USD Coin that offer varying returns depending on your risk appetite.

Bitfinex CEO Louis Jean van der Velde has a similar position at Tether Limited. The tokenized dollar was not considered until the publication of the system report in 2017. Until March 2017, the volume of active tokens of USDT was only 44 million, but already in November, 70 million tokens were circulating the system. GAL Within one day, the system received applications for the purchase of bitcoins of about $ 25 million, and orders were closed at Bitfinex in just one day. As a result, the price of bitcoin increased from 7,000 to 7,400 dollars, which led to the establishment of new record values. Tether works by the “Proof of Reserves” method, which ensures the stability of the cryptocurrency during trading operations.


Phemex is a professional and trustworthy global cryptocurrency and derivatives trading platform. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Our currency rankings show that the most popular Euro exchange rate is the EUR to USD rate. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods.

What is the value of 1 USDC?

The current price is $1.00 per USDC.

BlockFi is a privately-held cryptocurrency financial services platform that was founded in 2017 and is based in New York. BlockFi’s Interest Account product allows users to deposit various crypto tokens like bitcoin, ethereum, BNB and stablecoins like USDC interest on these deposits. They then use these funds to provide crypto-backed loans to trusted institutional and corporate borrowers. USD Coin is a stablecoin, aiming to preserve its value at USD 1. Of course, a USDC to US dollar calculator would be of limited use.

Fluctuations in the course continue at present, and the company is still unable to achieve even parity in cost. You should carefully consider whether you fully understand how cryptocurrency trading works and whether you can afford to take the high risk of losing all your invested money. The amount on the total investment card will always be different from the investment parameter you entered into the calculator. This is because we calculate the total investment using the DCA strategy.

  • needs to review the security of your connection before proceeding.
  • Both lump sum investment and DCA widgets are very similar, yet the strategy we employ is different.
  • On the bright side, many crypto-lending platforms like BlockFi offer a compelling alternative with accounts that allow you to earn meaningful interest rates on your USD Coin deposits.
  • While most CBDCs are only in the research phase, USDC exists today and is widely used by millions of people around the world.

On the low-risk end, Coinbase offers a 0.15% interest rate on your USDC deposits, acting effectively as a savings account for your USDC. If you want to earn meaningful returns on your USDC however, then crypto lending platforms offer interest rates in the high single digits, but these do come with some risk. These are the average exchange rates of these two currencies for the last 30 and 90 days. Lump sum investing strategy is a method of investing where you invest a fixed sum of money all at once. This is in contrast to dollar-cost averaging, where you spread your investment into several installments over a period of time.

  • With interest rates near all time lows, the days of earning any meaningful amount of interest in your traditional savings accounts are long gone.
  • For information about USD program requirements, see the current undergraduate catalog.
  • If you want to earn meaningful returns on your USDC however, then crypto lending platforms offer interest rates in the high single digits, but these do come with some risk.
  • For example, we’ll assume you’re investing $10 in bitcoin every week for the past three years.
  • For example, each USDC is backed up by a real US dollar held as collateral.

Orders are matched by the exchange matching engine to produce completed traders. You can calculate/convert USDC from Moonriver to USD Coin converter. You can calculate/convert USDT from USD Coin to Tether converter. needs to review the security of your connection before proceeding. You can also use our USD Coin price table above to check the latest USD Coin price in major fiat and crypto currencies.

usdc calculator

Doing this allows us to show you the impact of investing the same amount of money using two different strategies. A fiat-backed stablecoin keeps a fiat currency, such as USD, in reserves. For example, each USDC is backed up by a real US dollar held as collateral. Users can then convert from fiat into a stablecoin and vice versa at the pegged rate. If the price of the token drifts from the underlying fiat, arbitrageurs will quickly bring the price back to the fixed rate. After doing my research and comparing all the crypto interest platforms out there, I decided to go with BlockFi a few months ago and my experience has been excellent.

Needham’s John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase – CoinDesk

Needham’s John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase.

Posted: Fri, 04 Nov 2022 07:00:00 GMT [source]

Then wait till the system performs a check of your credentials. Next, replenish the deposit and buy crypts with a Visa or MasterCard. The platform provides state-of-the-art charting tools, FIX and REST APIs, as well as FIAT in and out services for trading bitcoins. The ultimate tools for crypto traders to maximize trading profits while minimizing risk and loss. Personal Capital is the ultimate free personal finance dashboard app.

usdc calculator

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