$USDC

Here’s a concise update on **$USDC (USD Coin)** as of May 8, 2025:

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**💵 $USDC – The Digital Dollar Holding Steady**

**Current Price:** $1.00 USD

**Market Cap:** Approximately $60.91 billion

**24-Hour Trading Volume:** Around $11.56 billion ([USDC price today, USDC to USD live price, marketcap and chart](https://coinmarketcap.com/currencies/usd-coin/?utm_source=chatgpt.com), [USDC Chart — USD Coin Price - TradingView](https://www.tradingview.com/symbols/USDCUSD/?utm_source=chatgpt.com), [USDC Price | USDC to USD Converter, Chart and News - Binance](https://www.binance.com/en/price/usd-coin?utm_source=chatgpt.com))

USDC remains a cornerstone in the crypto ecosystem, offering stability and liquidity for traders and institutions alike.

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**📰 Recent Developments:**

- **Ripple's Acquisition Attempt:** Ripple reportedly made a $4–$5 billion bid to acquire Circle, the issuer of USDC. However, Circle declined the offer, deeming it too low. ([Analysis: Ripple makes bid for stablecoin issuer Circle – report](https://www.ledgerinsights.com/analysis-ripple-makes-bid-for-stablecoin-issuer-circle-report/?utm_source=chatgpt.com))

- **Expansion in Africa:** Circle has partnered with Onafriq to facilitate cross-border payments across 40 African countries, aiming to reduce the continent's $5 billion annual remittance costs using USDC. ([Circle taps Onafriq to cut Africa’s cross-border payment costs with USDC](https://cointelegraph.com/news/circle-onafriq-partner-to-cut-africa-payment-costs-with-usdc?utm_source=chatgpt.com))

- **Liquidity Boost:** A recent minting of 250 million USDC suggests a potential surge in market liquidity, possibly indicating increased institutional activity. ([250 Million USDC Minted: Immediate Impact on Crypto Market Liquidity and Bitcoin Price Action](https://blockchain.news/flashnews/250-million-usdc-minted-immediate-impact-on-crypto-market-liquidity-and-bitcoin-price-action?utm_source=chatgpt.com))