$USDC The latest update of USDC

$USDC 's supply recently crossed $62 billion, backed fully by dollar‐denominated reserves and government securities, while Circle rolls out new payment rails, regulatory approvals, and multi-chain integrations to expand global utility.

Key Metrics:

Circulation: $62.04 B USDC in circulation as of April 24, 2025.

Reserves: $61.04 B held in audited reserves (T-bills, cash, repos) as of April 17, 2025.

Reserve Transparency: Weekly attestation reports now supplement monthly audits, with daily reporting on the horizon.

Infrastructure & Network Updates

Circle Payments Network (CPN): Launched to streamline cross-border USDC transfers with lower fees and instant settlement.

Bridged USDC Standard: Specification released April 29 to deploy unified bridged USDC on EVM chains, reducing liquidity fragmentation.

New Blockchains: USDC live on six additional chains this quarter, enabling developers to build native-asset applications.

Regulatory & Institutional Developments

Abu Dhabi Approval: UAE’s financial watchdog green-lit USDC issuance through Circle’s regulated entity, boosting Middle East adoption.

U.S. Legislation: The STABLE Act passed a House committee, setting the stage for bank-issued stablecoin rules that will directly impact USDC’s operating framework.

SEC Crypto Task Force: Formed to craft a clear, innovation-friendly regulatory path for stablecoins.

Ecosystem Integrations

Visa & Baanx USDC Card: Spend USDC at any merchant accepting Visa; smart contracts handle on-the-fly conversion to fiat.

Mastercard Capabilities: End-to-end stablecoin support from wallet to checkout, enabling USDC payments in mainstream channels.

Coinbase Partnership: Coinbase now earns 50% of revenue from Circle’s USDC reserves, aligning incentives for deeper integration.

Future Outlook

As regulatory clarity improves and major networks embed USDC rails, adoption by enterprises, payment providers, and retail users is set to accelerate—paving the way for programmable, borderless finance