$USDC As of May 8, 2025, USD Coin (USDC) maintains its peg at $1.00, with a market capitalization of approximately $60.9 billion and a 24-hour trading volume of $10.4 billion . 

🔍 Recent Developments in USDC

• $250 Million USDC Minted: A recent minting of 250 million USDC has been observed, signaling a potential surge in crypto market liquidity and setting the stage for increased trading activity . 

• Circle’s IPO Filing: Circle, the issuer of USDC, has filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker symbol “CRCL” . 

• Partnership with Onafriq: Circle has partnered with Onafriq to reduce Africa’s $5 billion cross-border payment costs by integrating USDC into Onafriq’s pan-African financial network . 

📈 Market Performance

• Price Stability: USDC continues to maintain its 1:1 peg with the US dollar, offering a stable store of value for investors . 

• Market Cap and Volume: With a market cap of approximately $60.9 billion and a 24-hour trading volume of $10.4 billion, USDC remains one of the top stablecoins in the market .