$USDC is experiencing significant growth and adoption in May 2025. Its circulating supply has surged to nearly $61 billion, marking a 38.6% increase since the start of the year, driven by rising institutional demand and broader crypto adoption .

Circle, the issuer of USDC, is expanding its global footprint by launching a cross-border payments network this month. This initiative aims to facilitate real-time settlements using USDC and other stablecoins, enhancing efficiency in international transactions .

On the regulatory front, the U.S. Senate is revisiting the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act. This proposed legislation seeks to establish a federal framework for stablecoin issuers, which could provide greater clarity and stability for assets like USDC .

Additionally, USDC has expanded its technological reach by becoming natively available on the Sonic blockchain. This integration enhances cross-chain liquidity and supports seamless transactions across multiple blockchain networks .

These developments underscore USDC's growing role in the digital economy, reflecting its increasing utility and the ongoing efforts to integrate stablecoins into mainstream financial systems.