*Market Performance*: USDC is currently trading at $1.00 with a market capitalization of $61.54 billion. The stablecoin has seen significant growth, with a circulating supply of 61,510,559,594.577 USDC.
- *Ripple's Acquisition Offer*: Ripple has reportedly made a $10 billion offer to acquire Circle's USDC, doubling its previous offer of $5 billion. This potential acquisition could reshape the stablecoin market and expand Ripple's reach beyond cross-border payments.
- *US Treasury Forecast*: The US Department of the Treasury forecasts the stablecoin market to reach $2 trillion by 2028, driven by growing adoption and regulatory advancements.
- *Partnerships and Adoption*: Visa and Baanx have launched stablecoin payment cards tied to self-custodial wallets, starting with Circle's USDC. This integration enables users to spend USDC directly from their crypto wallets.
- *Regulatory Developments*: Tether CEO Paolo Ardoino has warned of potential bank failures in Europe due to new cryptocurrency rules, while the US Treasury highlights stablecoin market growth and its potential impact on banking ¹ ².
Some notable updates from Circle include ³:
- *Global Expansion*: Circle is building a new internet financial system, enabling near-instant, low-cost global transactions with USDC and EURC.
- *Regulatory Compliance*: Circle has achieved compliance with major regulatory frameworks, including the Markets in Crypto-Assets (MiCA) in the European Union and the Monetary Authority of Singapore (MAS).
- *Partnerships*: Circle's platform connects traditional finance and digital assets, creating a secure digital economy with over 1000 global partners
