Circle's (USDC) — price, funding and open interest
USDC/USDT perpetual on Kraken · BingX · Binance · Upbit · HTX · Bybit · MEXC · OKX · Bitget · KuCoin · Gate: price 1.0007, 24h turnover $16.8M. Updated in real time.
What this is
StablecoinCircle's dollar-pegged stablecoin. It differs from Tether in that the composition of its reserves is disclosed regularly and in more detail.
Chart
Chart built from data of Binance
USDC unlocks
No unlock schedule: the whole supply is already in circulation (100 % per CoinGecko).
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
USDC trades at 1.0007. Over 365 days it ranged between 0.9914 and 1.0500; the price now sits in the lower third of that range — 16% of the way from the yearly low to the high.
All-time high is 1.0510 (June 2023); the price is 5% below it now.
24-hour turnover is $16.8M — percentile 87 for the year: noticeably busier than usual.
Funding is +0.0021%: longs pay shorts, so positioning leans to buyers. That is percentile 80 for the month: a clear departure from its own norm.
The daily range is 0.1% and five-minute NATR is 0.00%. That range is at percentile 81 for the year — an unusually wide day.
Binance pays +0.0021% and Bybit -0.0149% — a gap of 0.0170 percentage points, higher on Binance.
Traded on 11 venues: Kraken, BingX, Binance, Upbit, HTX, Bybit, MEXC, OKX, Bitget, KuCoin, Gate — the price is cross-checked across several sources.
Open positions in USDC are worth $28.7M. Over the past hour open interest fell by 0.30%. That is an ordinary level for this coin — percentile 44.
USDC correlation with Bitcoin over 24 hours is -0.39 — it moves against Bitcoin.
Over the day +0.03%, over the hour +0.01%, over the last five minutes 0.00% — it moved livelier an hour ago and has since gone quiet.
By turnover it ranks 254 of 2158 instruments in the screener.
By daily range it ranks 2140 of 2158.
Built from current numbers and the coin's own year of history. Updates with the data.
How USDC behaved before
Tracked since June 2022 — 53 full months. 30 of 53 closed higher, median month +0.0%.
In November the instrument rose 3 times out of 4, median +0.0%.
Best month — August 2022: +0.8%. Worst — July 2022: -0.9%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
Kairo- VenuesVenue rates diverged: Binance +0.0021%, Bybit -0.0149%. Gap 0.0170 points — sentiment differs between venues.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — stablecoin. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
Futures metrics
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.
How much money sits in open positions on each venue. The total spans every exchange listing the contract.