$USDC As of Sunday, May 4, 2025, here are some key updates and developments surrounding USDC (USD Coin):

Adoption and Growth:

* Significant Circulation: USDC in circulation is currently around $61.52 billion (as of May 3, 2025).

* Strong Yearly Growth: USDC saw a remarkable 78% increase in circulation in 2024.

* High Transaction Volume: In November 2024, USDC's monthly transaction volume surpassed $1 trillion, with an all-time volume exceeding $27.62 trillion.

* Expanding Global Reach: USDC is accessible to over 500 million wallets globally through various partnerships with exchanges, banks, and wallets.

Regulatory Developments:

* Abu Dhabi Approval: Circle, the issuer of USDC, received in-principle approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This moves them closer to obtaining a full Financial Services Permission license to operate as a regulated money services provider in the UAE.