$USDC
Thousands of companies and developers have integrated with USDC, creating a thriving ecosystem,” the company said. “Major payments companies, enterprise technology firms, consumer internet applications, financial technology firms, and digital asset companies use Circle technology to power solutions built on USDC.”
The purpose of the USDC digital currency is to speed up transactions through a regulated digital currency that offers near-instant settlement worldwide at any time.
Uncertainties remain in the cryptocurrency world, which will be affected by the bill working its way through Congress.
In 2023, the USDC faced an extended period of circulation decline due to an increase in U.S. short-term interest rates, a decline in digital asset prices, and an associated decline in leverage in the digital asset trading ecosystem, the company said.
