As of April 2, 2025, USD Coin $USDC is trading at approximately $0.999972 USD, with a 24-hour trading volume of around $9.33 billion. It maintains a market capitalization of about $60.11 billion, ranking it as the seventh-largest cryptocurrency by market cap.
Recent Developments:
Circle's IPO Filing: Circle Internet Financial, the issuer of USDC, has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company plans to list its stock under the ticker symbol "CRCL" on the New York Stock Exchange. The exact number of shares and pricing details have not yet been disclosed.
Sony Accepts USDC Payments: Sony Electronics' Singapore online store has begun accepting USDC payments through a partnership with Crypto.com. This initiative marks a significant step in the mainstream adoption of cryptocurrency payments.
Coinbase's Earnings from USDC: Recent reports indicate that Coinbase, a major cryptocurrency exchange, earns more revenue from USDC than Circle. In 2024, Circle's largest expense was $908 million paid to Coinbase for distribution services.
These developments highlight USDC's growing role in the cryptocurrency market and its increasing integration into mainstream financial and commercial activities.
