$USDC Price and Market Stats: As of May 7, 2025, USDC's price is $1.00, with a 24-hour trading volume of approximately $9.27 billion. It ranks #7 on CoinMarketCap with a market cap of $60.95 billion and a circulating supply of 60.94 billion USDC. The price has been stable, with a slight 0.02% increase over the last 24 hours.

Recent Developments:

Regulatory Approval: Circle received approval to operate as a Money Services Provider in Abu Dhabi, UAE, expanding USDC's global reach.

Integrations: USDC has been integrated into new platforms, such as COTI's DeFi ecosystem, enhancing liquidity and utility.

Minting Activity: Significant USDC minting events have been reported, including $250 million and $59.6 million minted at the USDC Treasury in late April 2025, signaling potential market activity.

Binance Partnership: In December 2024, Circle and Binance collaborated to expand USDC's use across Binance's products, including trading, savings, and corporate treasury operations, reaching over 240 million users.

Market Position: USDC continues to compete with Tether (USDT), gaining market share due to its transparency and regulatory compliance. In 2022, USDC nearly reached parity with USDT but faced a setback during the Silicon Valley Bank collapse, where 8% of its reserves were held, causing a temporary depegging. It has since recovered and maintains stability.

Transparency and Reserves: Circle ensures transparency with monthly audits by Deloitte, verifying that USDC is fully backed by reserves. As of July 2022, reserves included $42.3 billion in U.S. Treasury Securities and $12.2 billion in cash deposits.

Blockchain Support: USDC operates on 19 blockchains, including Ethereum, Solana, Polygon, and newer networks like Unichain and ZKsync, facilitating cross-border payments, DeFi, and volatility hedging.