Buy & Swap USD Coin (Ethereum) (USDC)

$1.00+0.01% (24h)ETH network

USD Coin (Ethereum) (USDC) can be swapped instantly on SwapRocket — no account, no KYC and zero added fees. Compare live USDC rates from every connected provider and receive funds in your own wallet in minutes.

Swap USDC instantly — no KYC

USDC / USD — 24H chart

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USD Coin (Ethereum) statistics

Market cap$41B

Fully diluted market cap—

24h volume$8.2B

Circulating supply41.00B USDC

Max supply∞

Total supply—

All-time high$1.05

Market dominance—

Rank—

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Non-custodial

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About USD Coin (Ethereum) (USDC)

Stablecoin

USD Coin (USDC) is a regulated, fully-reserved US-dollar stablecoin issued by Circle and built to trade 1:1 with the dollar on the ETH network. It's favored for its transparency, with reserves held in cash and short-term Treasuries.

How does USDC work?

Each USDC is backed by an equivalent dollar of reserves, and Circle publishes regular attestations of those holdings. USDC settles on-chain instantly, making it a reliable medium for trading and payments.

What is USDC used for?

USDC is a core building block of DeFi, a popular quote currency, and a low-cost way to send dollars globally. Many users hold USDC between trades to avoid volatility while staying ready to swap into other assets.

How to buy or swap USDC on SwapRocket

Pick USDC as the asset you want to receive.
Choose which crypto you're paying with.
SwapRocket compares every connected exchange and surfaces the best rate.
Paste your wallet address and confirm — funds arrive in minutes.

USD Coin (Ethereum) (USDC) swap profile

This profile explains how USD Coin (Ethereum) swaps work on SwapRocket: the network USDC settles on, what an exchange costs, how long it usually takes, and which pairs are published. Rates are aggregated live from every connected provider and shown in full before you commit to anything.

USDC key facts

Ticker: USDC
Settlement network: ETH
Category: Stablecoin
Custody: Non-custodial — coins move from the provider straight to your wallet
Cost to you: Zero added fees; you see the provider rate
Verification: No KYC for crypto-to-crypto swaps
Typical completion: Most swaps finish in under 10 minutes
Rate options: Best rate, fastest route or fixed rate
Published pairs: 8 published USDC pairs

How a USDC swap works

Enter the amount you want to exchange, pick the asset on the other side, and SwapRocket queries every connected exchange partner at once. You choose an offer, paste the wallet address that should receive the funds, and send USDC to the deposit address shown. The partner executes the trade and pays out to your address — SwapRocket never holds your coins, and there is no account to create before you start.

Choosing a rate for USDC

Three offers are presented for every USDC exchange. The best rate returns the largest amount for the size you entered. The fastest route favours the partner with the shortest expected settlement time, which matters when the market is moving. The fixed rate locks the quoted amount for the duration of the order, so what you are shown is what arrives, at the cost of a slightly smaller payout. Floating offers can move with the market between deposit and settlement.

Networks and addresses for USDC

USD Coin (Ethereum) settles on ETH. Always send from and to an address on that network: a deposit sent over a different chain cannot be recovered by the exchange partner. When an asset exists on several chains, pick the matching network in the widget before copying the deposit address, and send a small test amount first if you are unsure.

Popular USDC pairs

Each pair below has its own page with a live quote, the current rate and the limits that apply to that route.

What is USDC? · Sourced guide · Updated 2026-09-23 · 10 sources cited

What does it mean for a dollar-denominated token to be backed by an issuer's reserves rather than by a blockchain's consensus rules?

USDC is an ERC-20 token issued by Circle that represents a claim on dollar-denominated reserves held away from Ethereum. The token contract records balances and enforces transfers, while the backing, minting authority and redemption terms remain with Circle. Understanding USDC therefore means understanding two connected systems: a public ledger that settles token movements and an issuer that manages the assets and legal commitments behind those tokens.

A contract records tokens, not dollars

Circle publishes the official Ethereum contract address for USDC. That contract follows ERC-20, the common interface that defines balances, transfers and approvals for fungible Ethereum tokens. Wallets and applications can therefore interact with USDC using familiar functions, but the contract itself only accounts for token units assigned to addresses. It cannot inspect a bank account or determine independently whether reserves exist.

The connection to dollars comes from Circle's terms. Eligible, verified Circle customers can mint or redeem USDC through the issuer's services under those terms. Ethereum settles the resulting token transactions, while Circle handles the corresponding movement of reserve assets. The public chain makes supply and transfers inspectable; the issuer's reporting supplies the information that the chain cannot provide about off-chain backing.^{[1], [2], [3]}

Issuance is visible but permissioned

Ethereum validators do not mine or issue USDC. Circle's published contract implementation uses authorized minter roles to create tokens after accepted deposits and burn them when redemption removes them from circulation. Mint and burn calls are ordinary on-chain transactions that anyone can inspect, but only authorized addresses can perform them. This separates transparent execution from permission to change supply.

The implementation also includes administrative controls beyond baseline ERC-20, including pausing and address-denial mechanisms. Those controls allow the issuer to respond to legal or security requirements, while also making clear that USDC does not promise censorship resistance at the token layer. It inherits Ethereum's transaction history and execution, but not an absence of issuer authority.^{[4], [5]}

Reserve assurance comes through reporting

Circle publishes reserve composition and monthly independent-accountant reports. Its transparency materials describe cash, deposits and short-dated government obligations used for the reserves, while the reports examine whether reserve assets meet or exceed USDC in circulation on a stated date. This is an accounting assertion about custodial records, not a continuous cryptographic proof generated by Ethereum.

A holder is consequently relying on two assurance systems at once. Ethereum shows the issued supply and the history of transfers. Circle, its custodians and the independent accountant provide evidence about the assets supporting redemption. Each system answers a different question, and neither can substitute entirely for the other.^{[6], [3]}

Ethereum supplies the transaction machinery

Every Ethereum USDC transfer is an Ethereum transaction, so the sender needs ETH for gas. The amount of USDC being moved does not itself pay that network fee. Congestion and execution requirements determine the gas cost, and a wallet holding only USDC cannot send it until the wallet also has enough ETH.

Circle issues native USDC on several networks, each with a network-specific contract address. A shared ticker does not make these deposit routes interchangeable. The Ethereum contract is the relevant identity for this catalogue asset, and a transfer should use the exact network and address format the receiving service specifies.^{[7], [8], [1]}

The trade-off users accept

USDC combines open ledger settlement with controlled issuance. That arrangement provides a stated redemption path and published reserve reporting, while leaving Circle able to authorize minting, process redemption and apply contract-level controls. Those powers are part of the documented design rather than an exception to it.

The remaining question is how a user weighs issuer and banking dependence against the utility of a widely integrated dollar token. Ethereum can establish which address holds each token and what the contract executed. It cannot establish whether reserve assets remain immediately available under every condition, so current terms and reserve reports remain important evidence alongside on-chain data.^{[3], [6], [5]}

What this means when you swap USDC

Confirm both the Ethereum network and Circle's official contract address before sending. Anyone can create an ERC-20 with a familiar name or ticker, and native USDC on another chain is a separate deployment. A correct-looking symbol is therefore not enough to identify the receiving asset.

Keep ETH available for gas when moving USDC from a self-custody wallet. Direct dollar redemption is governed by Circle's current eligibility and account-verification terms, while a crypto swap exchanges an already-issued token and does not itself create a claim that bypasses those terms.

Sources and evidence (10)

[1] Circle publishes the official USDC contract address for Ethereum. Circle — USDC on Ethereum · verified 2026-09-23 Confirmed
[2] ERC-20 defines the common Ethereum interface for token balances, transfers and approvals. EIP-20 — Token Standard · 2015-11-19 · verified 2026-09-23 Confirmed
[3] Circle's terms govern issuance and redemption of USDC for eligible customers. Circle — USDC Terms · verified 2026-09-23 Confirmed
[4] Circle publishes the EVM stablecoin implementation containing authorized mint and burn roles. Circle — stablecoin-evm repository · verified 2026-09-23 Confirmed
[5] The verified Ethereum USDC contract source exposes administrative pause and address-control functionality. Etherscan — USDC contract · verified 2026-09-23 Confirmed
[6] Circle publishes reserve composition and independent-accountant reports for USDC. Circle — Transparency · verified 2026-09-23 Confirmed
[7] Ethereum transaction computation is paid for with gas denominated in ETH. Ethereum.org — Gas and fees · verified 2026-09-23 Confirmed
[8] Circle lists native USDC deployments and their network-specific contract addresses. Circle — Multi-chain USDC · verified 2026-09-23 Confirmed
[9] Circle introduced USDC publicly in September 2018. Circle — Introducing USD Coin · 2018-09-26 · verified 2026-09-23 Confirmed
[10] Circle and Coinbase originally organized USDC around the CENTRE framework. Circle — Coinbase and Circle co-found CENTRE Consortium · verified 2026-09-23 Confirmed

Profile last reviewed 2026-09-23. Historical background only — not investment advice.

Fees and pricing

Zero added fees: SwapRocket does not add a platform fee, a minimum or a withdrawal charge — the rate you see is the rate you get. Blockchain network fees are shown in full before you confirm, and the final amount you receive is quoted up front.

SwapRocket does not add a separate fee or markup to the provider quote. SwapRocket may earn a commission from the liquidity provider when a completed swap is referred through our platform. Provider spreads and applicable network costs are reflected in the quoted amount.

Network fees are set by the blockchain, not by SwapRocket. No account, no subscription and no withdrawal charge. Live support is available 24/7.

USDC swap FAQ

How do I swap USD Coin (Ethereum) (USDC) instantly on SwapRocket?

Pick USDC as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. SwapRocket hands your order to the provider whose quote pays out the most at that moment, and most swaps complete in under 10 minutes — no SwapRocket account needed.

Can I swap USDC with no KYC?

No SwapRocket account or identity documents are needed to start a crypto-to-crypto swap of USDC. The provider that executes the swap may still request identity verification or hold a swap for review under its own AML and sanctions policy, regardless of amount. Selling to a bank account goes through a regulated payment partner that verifies the payer; card purchases on SwapRocket are coming soon.

Is swapping USD Coin (Ethereum) on SwapRocket non-custodial?

Yes. SwapRocket never holds your funds. The provider that executes the swap receives your deposit, holds it only for the duration of the swap, and sends USDC to the wallet address you provide.

Which network does USDC use here?

SwapRocket supports USD Coin (Ethereum) on the ETH network. Always double-check that your receiving wallet supports this network before confirming.

What fees apply when I swap USDC?

SwapRocket adds no fee or markup to the provider's quote and may earn a commission from the provider on a completed swap. The provider's spread and any network cost it deducts on delivery are already reflected in the USDC amount shown; the network fee your own wallet charges to send the deposit is separate. Spreads vary by provider, pair and size, so compare the quoted receive amount.

More on fees, limits, KYC and timing: read the full crypto swap FAQ.