$USDC is influenced by factors such as. Factors like inflation, unemployment rate, and the monetary policy of central banks can affect the confidence and stability of currencies, including USDC. Competition from other stablecoins such as Tether (USDT), Dai (DAI), and new stablecoins can impact the market capitalization and adoption of USDC. The development and approval of competitors can lead to changes in the value and use of USDC. Events related to financial technology, such as major trading platforms providing support for USDC, or large projects involving USDC can create trends and affect its value.