Binance Bridged USDC (BNB Smart Chain) Price

Binance Bridged USDC (BNB Smart Chain) is a fully collateralized stablecoin pegged to the US dollar. It was launched in 2018 by Centre, a consortium founded by Circle and Coinbase. Key features of Binance Bridged USDC (BNB Smart Chain) include: • 1:1 backing with US dollars held in regulated financial institutions • Monthly attestations of reserves by independent accounting firms • Issued as an ERC-20 token on Ethereum and available on multiple blockchains • Widely used for trading, payments, and as a store of value in the crypto ecosystem • Regulated and compliant with US financial laws As of 2025-07-24, Binance Bridged USDC (BNB Smart Chain) has a market cap of $998.31M and is ranked 103 among all cryptocurrencies. Its price is stable at $0.9993, with a 24-hour trading volume of $196.9M. Binance Bridged USDC (BNB Smart Chain) plays a crucial role in providing stability and liquidity to the crypto markets.

Binance Bridged USDC (BNB Smart Chain) was created in September 2018. It was launched as a collaboration between Circle and Coinbase to provide a fully collateralized US dollar stablecoin. The first Binance Bridged USDC (BNB Smart Chain) tokens were issued on September 26, 2018, marking the official creation date of this digital asset designed to maintain a stable 1:1 peg with the US dollar.

USDC was founded by Circle and Coinbase, two prominent companies in the cryptocurrency industry. Circle, a financial technology firm, and Coinbase, a leading cryptocurrency exchange, collaborated to create the Centre consortium which launched USDC in 2018. The stablecoin was designed to provide a fully collateralized US dollar-pegged digital currency that offers transparency and operates within regulatory frameworks. As of 2025-07-24, Binance Bridged USDC (BNB Smart Chain) has become one of the largest stablecoins by market capitalization, with a current price of $0.9993 and a market cap of $998.31M.

Binance Bridged USDC (BNB Smart Chain) works as a stablecoin pegged to the US dollar at a 1:1 ratio. It is issued by regulated financial institutions and backed by fully reserved assets, primarily cash and short-term US Treasuries. Users can mint new Binance Bridged USDC (BNB Smart Chain) by depositing US dollars with the issuer, and redeem Binance Bridged USDC (BNB Smart Chain) for US dollars at any time. The Binance Bridged USDC (BNB Smart Chain) smart contract on various blockchains manages the minting, burning, and transfer of tokens. Regular audits ensure the collateral backing remains at 100%. This structure allows Binance Bridged USDC (BNB Smart Chain) to maintain a stable $1 value while providing the benefits of digital currency transactions on blockchain networks.

USDC is built on a multi-chain architecture, primarily leveraging Ethereum's ERC-20 standard. Key technical aspects include: 1. Smart Contracts: USDC utilizes audited smart contracts to manage token issuance, redemption, and transfers. 2. Multi-Chain Support: While originally on Ethereum, USDC now operates on multiple blockchains like Binance Bridged USDC (BNB Smart Chain), Algorand, Solana, and Stellar for improved scalability and interoperability. 3. Fiat-Collateralized: Each USDC token is backed 1:1 by US dollar reserves held in regulated financial institutions. 4. Compliance: Implements KYC/AML procedures and regular audits to ensure regulatory compliance. 5. Burning Mechanism: When USDC tokens are redeemed for USD, the corresponding tokens are burned to maintain the 1:1 peg. 6. Permissioned Network: Utilizes a permissioned network of approved issuers and redeemers to maintain control over token supply. 7. Blacklisting Capability: Includes functionality to freeze or blacklist addresses if required by law enforcement. 8. Regular Attestations: Monthly attestations are published to verify the USD reserves backing USDC. This architecture enables Binance Bridged USDC (BNB Smart Chain) to maintain its stability, security, and regulatory compliance across multiple blockchain ecosystems.

The future and roadmap of Binance Bridged USDC (BNB Smart Chain) look promising: • Continued expansion to more blockchains and ecosystems to increase interoperability and adoption • Enhanced transparency and regulatory compliance to maintain trust as a leading stablecoin • Integration with more DeFi protocols and applications to drive utility • Potential development of programmable features leveraging smart contracts • Exploring new use cases in areas like cross-border payments, remittances, and e-commerce • Ongoing efforts to improve scalability and transaction speeds • Partnerships with traditional financial institutions to bridge crypto and fiat By 2026, Binance Bridged USDC (BNB Smart Chain) aims to be the most widely-used regulated stablecoin globally. The focus will be on strengthening its position as a trusted digital dollar for the crypto economy while expanding real-world applications. Long-term, Binance Bridged USDC (BNB Smart Chain) is positioned to play a key role in the evolution of global payments and financial infrastructure.