$USDC USDC issued by Circle, 100% backed by cash and short-term U.S. government bonds and other highly liquid assets, ensuring a 1:1 exchange with the dollar. Recently, Circle filed for an IPO with the U.S. Securities and Exchange Commission, planning to list on the New York Stock Exchange under the ticker "CRCL".

In the payments space, Visa is collaborating with Baanx to launch a payment card that supports USDC, allowing users to spend USDC directly from their crypto wallets. Additionally, the African crypto platform ZendWallet has also implemented a USDC transaction feature for international payments, enhancing the efficiency of transactions.