$USDC

As of May 9, 2025, USD Coin (USDC) maintains its peg at $1.00, with a 24-hour trading volume of approximately $19.16 billion and a market capitalization of around $60.81 billion, ranking it 7th among cryptocurrencies . USDC's stability is underpinned by full reserves of cash and U.S. Treasury equivalents, ensuring each token is backed 1:1 with the U.S. dollar .

Recent developments include Circle's plans to go public on the New York Stock Exchange under the ticker "CRCL" . Additionally, Visa and Baanx have launched a card enabling users to spend USDC directly from their crypto wallets . These initiatives reflect USDC's expanding role in global finance, offering a stable digital dollar for transactions and payments.