$USDC (USD Coin) remains the second largest stablecoin as of May 8, 2025, with a market capitalization of around $61 billion. Its main differentiator lies in its transparency and regulation: each USDC is supposedly backed 1:1 by assets in US dollars held in regulated financial institutions in the U.S., with monthly certifications of its reserves by major accounting firms.

A crucial update is its growing institutional adoption, driven by the search for reliable and regulated digital currencies for payments and settlements. Additionally, its native availability on multiple blockchains (Ethereum, Solana, Avalanche, etc.) facilitates fast and low-cost transactions globally.

On the regulatory front, USDC has been proactive in complying with regulations such as MiCA in the European Union, seeking to establish a standard of transparency and security in the stablecoin space. Its focus on collaboration with regulators and conducting regular audits aims to build trust and foster broader adoption both within and outside the crypto ecosystem. #USDC✅