Covalent X Token vs USDC — how do they compare? Covalent X Token trades at Rp42.5 (market cap Rp41,59M, Rp2,62M 24h volume), while USDC trades at Rp17,874 (market cap Rp1.286,34T, Rp122,98T 24h volume). The key difference: USDC is far larger — about 30929069.5× Covalent X Token's market cap, and Covalent X Token's supply is capped (972,3M / 1B CXT (98%)) while USDC's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Covalent X Token for 5 Days and USDC for 63 Days on average.
| CXT | USDC | |
|---|---|---|
Market Cap | Rp41,59M | Rp1.286,34T |
Volume (24h) | Rp2,62M | Rp122,98T |
Circulating Supply | 972,3M / 1B CXT (98%) | 72B USDC |
Typical Hold Time | 5 Days | 63 Days |
What Pluang investors did over the last 30 days
Latest headlines on both assets
CXT is the utility and governance token of the Covalent Network, which safeguards Ethereum’s historical data. It is used for staking and enables holders to participate in decentralized governance. The network enhances data availability for developers building on the Ethereum ecosystem.
Read more on CXT →USD Coin is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. The stablecoin was originally launched on a limited basis in September 2018. Put simply, USD Coin’s mantra is 'digital money for the digital age'— and the stablecoin is designed for a world where cashless transactions are becoming more common. USD Coin has aimed to stand head and shoulders over competitors in several ways. One of them concerns transparency and assurance that users will be able to withdraw 1 USDC and receive $1 in return without any issues.
Read more on USDC →