📊 Financial performance and market activity
The current price of USDC is $0.9997 with a market capitalization of approximately $61.5 billion. The daily trading volume reaches $8.32 billion, indicating the stability and high liquidity of the asset.
Binance's reserves in stablecoins reached $31 billion, including $USDC and USDT. This accounts for about 59% of all stablecoin reserves on centralized exchanges, highlighting the trust of both retail and institutional investors in the platform.
🤝 Partnerships and strategic initiatives
Strategic partnership with Circle: Binance and Circle continue their collaboration aimed at expanding global presence $USDC . Binance plans to integrate $USDC into its core products and services, providing over 240 million users access to this stablecoin for trading, savings, and payments.
Referral program with rewards in USDC: Binance has launched a new referral campaign allowing users to earn up to 50 USDC for inviting new traders. This stimulates the growth of the user base and activity on the platform.
📈 IPO of Circle
Successful IPO of Circle: Circle, the issuer of USDC, successfully conducted an initial public offering (IPO), raising $1.1 billion at a valuation of $6.9 billion. The shares are traded on the New York Stock Exchange under the ticker CRCL. This move enhances institutional investors' confidence in stablecoins and promotes their integration into the traditional financial system.
⚖️ Regulatory changes
Termination of SEC lawsuit against Binance: The U.S. Securities and Exchange Commission (SEC) has officially terminated its civil lawsuit against Binance and its founder Changpeng Zhao. This reflects a change in regulatory approach in the U.S. and is perceived by the crypto community as a significant victory.
