Harmony Horizon Bridged USDC (Harmony)Price(1USDC)
Details Harmony Horizon Bridged USDC (Harmony) (1USDC) Price information (USD)
The current real-time price of 1USDC is $0.9998. In the past 24 hours, 1USDC has traded between $0.9995 and $1.002, showing strong market activity. The all-time high of 1USDC is $1.026, and the all-time low is $0.0075.
From a short-term perspective, the price change of 1USDC over the past 1 hour is
Harmony Horizon Bridged USDC (Harmony) (1USDC) Market Information
Harmony Horizon Bridged USDC (Harmony) (1USDC) Today's Price
The live price of 1USDC today is $0.9998, with a current market cap of $22.256M. The 24-hour trading volume is 4K. The price of 1USDC to USD is updated in real time.
Harmony Horizon Bridged USDC (Harmony) (1USDC) Price History (USD)
What is HARMONY HORIZON BRIDGED USDC (HARMONY) (1USDC)?
When is the right time to buy 1USDC? Should I buy or sell 1USDC now?
Before deciding whether to buy or sell 1USDC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s 1USDC technical analysis can provide you with trading references.
Future price trend of 1USDC
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for 1USDC.
How much will 1USDC be worth tomorrow, next week, or next month in ? What about your 1USDC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! 1USDC Price Prediction
How to buy HARMONY HORIZON BRIDGED USDC (HARMONY) (1USDC)
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1USDC Resources
To learn more about 1USDC, consider exploring other resources such as the whitepaper, official website, and other published information:
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HARMONY HORIZON BRIDGED USDC (HARMONY) (1USDC) FAQ
What is Harmony Horizon Bridged USDC (1USDC)?
Harmony Horizon Bridged USDC (1USDC) is a version of USDC that was transferred from the Ethereum blockchain to the Harmony network using the Horizon Bridge. Its purpose was to enable users to utilize USDC within the Harmony ecosystem, typically maintaining a 1:1 value mapping when bridged.
What happened to 1USDC, causing it to de-peg from its intended value?
On June 23, 2022, the Harmony Horizon Bridge was exploited, resulting in the theft of various crypto assets, including USDC. This hack occurred due to the compromise of private keys securing the bridge. The exploit subsequently caused 1USDC to significantly de-peg from its intended stable value, meaning its worth on the Harmony network became substantially less than a native USDC.
Can 1USDC be bridged back to its original chain like Ethereum or other blockchain networks?
While the Horizon Bridge was originally designed for two-way transfers between Harmony and Ethereum, allowing 1USDC to return to native USDC, the hack severely complicated this process. Users have reported encountering substantial slippage when attempting to bridge their de-pegged 1USDC out of the Harmony network. Generally, bridged tokens are restricted to being sent back only to their original source chain.
Is there any official recovery plan or compensation available for Harmony Horizon Bridged USDC (1USDC) holders?
Harmony has initiated recovery efforts for the de-pegged assets. These efforts include using a burn contract to reduce the circulating supply, with the aim of potentially offering improved redemption rates over time. The team also offered a bounty for the return of stolen funds and collaborated with law enforcement on investigations. While community discussions have mentioned a Harmony Recovery fund for converting 1USDC to USDS, the effectiveness and availability of such options remain a common concern.
What are the primary risks associated with holding Harmony Horizon Bridged USDC (1USDC) after the exploit?
The main risk for 1USDC holders stems from its de-pegged status and the resulting loss of value following the Horizon Bridge exploit. This situation means the token no longer maintains its intended 1:1 peg with native USDC. Consequently, its market value is considerably altered, making it significantly more volatile and inherently less stable than its native counterpart.
What was the root cause of the Horizon Bridge hack that affected Harmony Horizon Bridged USDC (1USDC)?
The Horizon Bridge hack was a direct result of compromised private keys used to sign transactions on the Ethereum side of the bridge. Attackers successfully gained control of at least two out of the four bridge validator private keys, enabling them to steal a significant amount of various assets. Harmony's analysis suggested the attack involved methods such as phishing, unauthorized access to non-public bridge code, and backdoor access to servers.
