$USDC Price Update – May 16, 2025

▪️ Current Price: $0.9999

▪️ 24h Change: 0.00%

▪️ Circulating Supply: ~61 billion USDC

▪️ Market Cap: ~$61 billion

🔹 Recent Developments

▪️ Circle's Cross-Border Payments Network:

Circle, the issuer of USDC, has announced plans to launch a stablecoin-powered cross-border payments network in May 2025. This initiative aims to streamline international transactions using USDC.

▪️ USDC on Sonic Blockchain:

Circle has introduced native USDC support on the Sonic blockchain, enhancing its interoperability and expanding its use cases within the Sonic ecosystem.

▪️ Meta Explores Stablecoin Integration:

Meta is reportedly in discussions to integrate stablecoins, including USDC, into its platforms like Facebook and WhatsApp, aiming to facilitate payments for content creators.

▪️ Mastercard Embraces Stablecoins:

Mastercard is integrating stablecoin payment features through partnerships, such as with MoonPay, allowing users to make real-world purchases by converting stablecoins like USDC into local currencies.

🔹 USDC vs. USDT

▪️ Regulatory Compliance: USDC is known for its transparency and regulatory compliance, with regular audits and full backing by fiat reserves.

▪️ Market Position: While both USDC and USDT are leading stablecoins, USDC's recent growth and adoption in various platforms highlight its increasing prominence in the crypto ecosystem.