The current real-time price of USDCET is $0.9996. In the past 24 hours, USDCET has traded between $0.9994 and $0.9997, showing strong market activity. The all-time high of USDCET is $19.02, and the all-time low is $0.0525.
From a short-term perspective, the price change of USDCET over the past 1 hour is , over the past 24 hours is +0.00%, and over the past 7 days is +0.00%. These figures provide a quick overview of the latest price trends and market dynamics of USDCET on LBank.+0.00%
The live price of USDCET today is $0.9996, with a current market cap of $0. The 24-hour trading volume is 1M. The price of USDCET to USD is updated in real time.
Before deciding whether to buy or sell USDCET, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s USDCET technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for USDCET.
How much will USDCET be worth tomorrow, next week, or next month in ? What about your USDCET assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! USDCET Price Prediction
To learn more about USDCET, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
sui | 0x637d...751e93  | 3.034M | 101.92% |
solana | GXbJWY...efgzdm | 1.031M | 34.64% |
sui | 0xa165...078544 | 533.096K | 17.9% |
sui | 0x5e88...2e890b | 350.000K | 11.76% |
sui | 0x475c...262748 | 265.384K | 8.91% |
Other | -2,237,224 | -75.14% |
USDCET is a stablecoin, pegged to the US dollar, designed to facilitate value transfers between the Ethereum blockchain and other networks using the Wormhole protocol. Launched in 2021, its primary purpose is to enable seamless and stable cross-chain transactions without relying on centralized exchanges.
USDCET is a bridged representation of USDC from Ethereum, allowing USDC to exist and be used on various blockchains outside of its native Ethereum network. USDC itself is a widely used stablecoin backed 1:1 by US dollar reserves, ensuring its stability.
USDCET is primarily aimed at both developers and consumers. It enables stable digital currency solutions, facilitating payments, remittances, and participation in decentralized finance (DeFi) applications such as lending, borrowing, and providing liquidity across different blockchain ecosystems.
The Wormhole protocol, often with Circle's Cross-Chain Transfer Protocol (CCTP), enables native USDC transfers across multiple blockchains like Ethereum, Solana, Arbitrum, Polygon, and Avalanche. This involves burning USDC on the source chain and minting an equivalent amount of native USDC on the destination chain, unifying liquidity. Users initiate transfers via a Portal Bridge by connecting their wallet and selecting the desired chains.
Common challenges include security concerns, as cross-chain bridges have been targets for exploits like the February 2022 Wormhole hack. There's also confusion between "wrapped" USDC (e.g., `weUSDC` or `USDCet`) and native USDC, leading to fragmented liquidity and extra conversion steps. The transfer process can be complex, potentially causing funds to appear lost if users misunderstand wrapped tokens or bridging. Additionally, users incur gas fees, particularly on the originating Ethereum network.
USDCET can be bought and sold on various cryptocurrency exchanges, including LBank and other reputable platforms. These platforms facilitate trading of the token for users.
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