CoinIvy

Market weather: green · Bitcoin above its 20-week average (31 Oct 2026)

USD CoinUSDC

A US-dollar stablecoin issued by Circle, backed by cash and short-term US government securities.

Rank #6Since September 2018
Price on 31 Oct 2026
C$1.40 -0.5% since 31 Jul 2026 · 5.1% below its all-time high

The short version

USD Coin is a digital dollar issued by Circle Internet Group, a New York company listed on the NYSE. Each coin is backed by cash and a BlackRock-managed government money fund, with holdings published weekly and a monthly Big Four attestation. In Dec 2024 it became the first stablecoin to file the undertaking that Canadian securities regulators require. On 31 Oct 2026 one USDC cost C$1.40. From 31 Jul 2026 to 31 Oct 2026 its price changed -0.5% in Canadian dollars, and it was 5.1% below its all-time high of C$1.47 set on 2 Feb 2025.[1]

Checked 31 Oct 2026 · 13 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.43 (12 Oct 2026) · low C$1.35 (1 Feb 2026) · -0.1%[1]

Month-end prices (table)
DateC$US$
31 Oct 2026C$1.40US$0.9999
30 Sep 2026C$1.42US$0.9999
31 Aug 2026C$1.39US$0.9999
31 Jul 2026C$1.40US$0.9997
30 Jun 2026C$1.42US$0.9994
31 May 2026C$1.38US$0.9995
30 Apr 2026C$1.36US$0.9997
31 Mar 2026C$1.39US$0.9996
28 Feb 2026C$1.37US$1.00
31 Jan 2026C$1.35US$0.9996
31 Dec 2025C$1.37US$0.9998
30 Nov 2025C$1.40US$0.9997

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026
C$1.40[1]
3-month change
-0.5% in C$ (31 Jul 2026 to 31 Oct 2026)[1]
From its high
5.1% below its high of C$1.47 (2 Feb 2025)[1]
Market rank
#6, market value about C$100.1B[1]
Kind
Stablecoin · Ethereum (ERC-20); Circle also issues it natively on many other networks
Started
September 2018

Checks: the same 9 questions for every coin

Facts, not a rating
Can an admin key create new coins?YesCircle mints USDC when dollars are deposited and burns it on redemption[2]
Can anyone freeze or take coins from holders?YesCircle can blacklist addresses; it froze about US$823M after a hack on 29 Oct 2026[3]
Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum[4]
Is the supply capped?NoNo maximum; supply rises and falls with deposits and redemptions[5]
Any scheduled unlocks in the next 12 months?NoNo vesting or locked allocations[2]
Does a team or foundation hold over 10% of supply?NoNo team or investor allocation; coins are issued only against deposits[2]
Do network fees reach coin holders?NoCircle keeps the reserve income; holders earn no yield[6]
Main network hacked or halted in the past 2 years?NoNo exploit of the token contract; the SVB depeg was in Mar 2023[7]
Is a regulator or court case targeting the coin itself?NoNo regulator action found; a private shareholder suit names Circle only as nominal defendant[7, 8]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by
Circle Internet Group (New York; NYSE: CRCL since 4 Jun 2025); CEO and co-founder Jeremy Allaire[7]
Licences
NYDFS licences; final OCC approval for a national trust bank on 10 Jul 2026; MiCA e-money institution in France[2, 9]
Admin powers
Circle can mint, freeze and blacklist; the Ethereum contract is an upgradeable proxy[3, 4]

Supply

In circulation
71.74B USDC[1]
Maximum supply
None set[1]
Outstanding
US$71.8B on 31 Oct 2026, down from US$74.1B a month earlier[5]
Reserves
Mostly the Circle Reserve Fund, a BlackRock-managed government money fund, plus cash at banks; holdings disclosed weekly[2]
Attestation
Monthly by a Big Four firm (Deloitte, per S&P); latest report for Sep 2026[2, 10]

Use and fees

Reserve income
US$2.39B over the past year, kept by Circle; holders earn no yield[6]
Arc network
Circle launched its own Arc blockchain on 16 Sep 2026, with BlackRock and Visa among validators[11]

Trading

Daily trading
About C$19.9B a day on average, 31 Jul 2026 to 31 Oct 2026[1]
Daily turnover
Typically 20.63% of its market value changes hands each day[1]
20-week average
0.0% above its 20-week average price[1]
1-year change
-0.0% in C$[1][12]

History

Not a forecast

Coins ranked 2-10 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 243 cases, 23 coins

49% were higher a year later[13]

Typical result
Median -1% after a year; 72% higher after two years
Lost half or more
21% within a year
Against Bitcoin
7% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found
  • Circle froze about US$823M of USDC linked to stolen funds from a hack on 29 Oct 2026; it can freeze any address.[3]
  • Under MiCA, USDC is a 'significant' e-money token, with direct EBA supervision from 12 Nov 2026.[3]
  • A Circle shareholder filed a derivative suit against Trump and World Liberty on 22 Oct 2026; Circle is a nominal defendant and disowned it.[8]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

  1. CoinGecko market data, 31 Oct 2026
  2. Circle transparency page, Oct 2026
  3. CoinMarketCap AI updates (USDC), Oct 2026
  4. GoPlus token security (Ethereum), 1 Nov 2026
  5. DefiLlama stablecoins, 31 Oct 2026
  6. DefiLlama fees and revenue, 31 Oct 2026
  7. Wikipedia (Circle Internet Group)
  8. Cointelegraph (shareholder suit), Oct 2026
  9. Business Wire (OCC approval), 10 Jul 2026
  10. S&P Global stablecoin assessment
  11. The Block (Arc mainnet), 16 Sep 2026
  12. Bank of Canada USD/CAD rate, 31 Oct 2025
  13. CoinIvy history data: CoinMarketCap weekly rankings 2013-2026, dead coins included

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.