$USDC

As of June 5, 2025, USDC (USD Coin) maintains its peg to the U.S. dollar, trading steadily at $1.00. This stability is underpinned by Circle's robust reserve management, with over $61 billion in circulation backed by $61.3 billion in reserves, primarily composed of short-term U.S. Treasuries and overnight repurchase agreements .

Circle, the issuer of USDC, has recently made headlines with its successful initial public offering (IPO). On June 5, Circle raised $1.05 billion by selling 34 million shares at $31 each, surpassing initial expectations and achieving a valuation of approximately $8 billion . This move marks a significant milestone, signaling growing investor confidence in cryptocurrency-related firms transitioning into traditional finance markets.

The IPO's success reflects robust institutional interest, particularly in stablecoins and crypto infrastructure. Circle's profitability and growing income from interest on reserves position it well for future growth, especially as it seeks to diversify into payment services .

With the broader crypto market experiencing renewed enthusiasm and a shift in U.S. regulatory outlook under President Donald Trump, Circle's public debut could pave the way for more crypto-focused public offerings .

In summary, USDC continues to demonstrate stability and reliability, bolstered by Circle's strong financial performance and successful IPO, positioning it as a key player in the evolving landscape of digital finance.