$USDC

🔔🔔🔔🔔✈️✈️✈️✈️🚀🚀🚀🚀🌖🌖🌖

As of April 2025, USDC, the stablecoin issued by Circle, has reached a circulating supply of $62 billion, reflecting a significant resurgence in institutional demand . Circle has launched the Circle Payments Network (CPN), aiming to streamline cross-border transactions by enabling real-time settlements in USDC and other stablecoins . This initiative positions Circle in direct competition with Ripple’s payment solutions.

In regulatory developments, Circle received in-principle approval from Abu Dhabi’s Financial Services Regulatory Authority to operate as a money services provider, facilitating its expansion into the Middle East . Additionally, the U.S. Securities and Exchange Commission clarified that USDC qualifies as a “Covered Stablecoin,” affirming its status as a non-security asset backed by liquid reserves .

Circle has also filed for an initial public offering on the New York Stock Exchange under the ticker “CRCL,” reporting $1.68 billion in revenue for 2024 . Furthermore, Binance has completed the conversion of selected token balances to USDC, enhancing its liquidity and utility .

These developments underscore USDC’s growing prominence in the global financial ecosystem.