$USDC

USDC, or USD Coin, is a regulated stablecoin that's progressing significantly in the digital currency space. Here are some key developments ¹ ²:

- *Regulatory Compliance*: Circle, the issuer of USDC, has achieved compliance with the European Union's Markets in Crypto-Assets (MiCA) regulation, making it the first major global stablecoin issuer to do so. USDC is also regulated in the US, with licenses in 46 states, and has received approvals in other countries like Singapore, the UK, and Japan.

- *Adoption and Growth*: USDC has seen substantial growth, with over $26 trillion in all-time volume and more than 1,000 partners, including banks, blockchains, and distributors. The stablecoin has also shown a yearly growth rate of 78%.

- *Blockchain Support*: USDC is natively supported on 19 blockchain networks, including Ethereum, Solana, and Polygon PoS, with more expected in the future. This allows for seamless transactions and integration with various platforms.

- *Transparency and Security*: Circle prioritizes transparency, with monthly reserve reports and third-party assurances. The USDC reserve is approximately 90% invested in short-duration US Treasuries and overnight repurchase agreements, with the remainder held in cash for immediate liquidity.

- *Expansion and Innovation*: Circle is working to make USDC more accessible and user-friendly, with features like near-instant transfers and low costs. The company is also exploring new use cases, such as foreign exchange, local capital markets, and tokenization efforts.

Overall, USDC is positioning itself as a leading digital dollar, offering a stable store of value, unit of account, and medium of exchange in the digital economy ³.