$USDC

USD Coin (USDC) is a regulated, fiat-backed stablecoin issued by Circle, designed to maintain a 1:1 peg with the U.S. dollar. Each USDC token is backed by cash and short-term U.S. Treasury assets held in regulated financial institutions, ensuring full redeemability and transparency.

As of May 16, 2025, USDC is trading at approximately $0.9999, with a market capitalization of around $60.6 billion, ranking it among the top stablecoins globally.

USDC operates across multiple blockchain networks, including Ethereum, Solana, and Algorand, facilitating fast, low-cost transactions worldwide. Circle, the issuer of USDC, has filed for an initial public offering (IPO) and plans to relocate its headquarters to New York City, signaling its commitment to integrating with traditional financial systems.

In the U.S., lawmakers are considering the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act), aiming to regulate stablecoin