$USDC

As of May 16, 2025, USD Coin (USDC) remains a cornerstone in the stablecoin ecosystem, reflecting both its stability and the evolving dynamics of the broader crypto market.

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๐Ÿ”น Market Performance & Supply Growth

Price Stability: USDC continues to maintain its peg to the U.S. dollar, trading consistently at $1.00.

Supply Expansion: The total circulating supply of USDC has grown to approximately $60.65 billion, marking a significant increase from $44 billion at the beginning of the year.

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๐Ÿ”น Regulatory Landscape

Legislative Developments: The U.S. Congress is considering the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act), aiming to regulate stablecoin issuers and reinforce the U.S. dollar's global standing. Although the bill recently faced setbacks, bipartisan efforts suggest potential progress.

Circle's Regulatory Position: Circle, the issuer of USDC, operates under the stringent oversight of the New York Department of Financial Services (NYDFS), aligning closely with proposed federal regulations. This compliance provides Circle with a competitive advantage in the stablecoin market.