$USDC

Crypto Trending Pick: $USDC – USD Coin’s Steady Ascent Amid Market Volatility

Launched in September 2018 by Circle and Coinbase under the Centre Consortium, USD Coin ($USDC) is a fully-backed stablecoin pegged 1:1 to the U.S. dollar. Operating across multiple blockchains, including Ethereum, Solana, and Polygon, USDC has become a cornerstone in the digital asset ecosystem, facilitating seamless transactions and serving as a reliable store of value.

As of June 7, 2025, USDC maintains its peg at $1.00, with a 24-hour trading volume of approximately $9.06 billion and a market capitalization of around $61.11 billion, ranking it as the seventh-largest cryptocurrency by market cap.

Notably, Circle, the issuer of USDC, recently completed a successful initial public offering (IPO) on the New York Stock Exchange under the ticker “CRCL.” The IPO was priced at $31 per share but opened at $69, soaring to a peak of $103.75 before closing at $83.23 on its first day, marking a 168% surge. This performance underscores growing investor confidence in stablecoins and their role in the evolving financial landscape.