$USDC As of today, June 7, 2025, USD Coin (USDC) is trading very close to its 1:1 peg with the U.S. dollar, around $0.9998 to $1.00, showing minimal price fluctuation and maintaining its role as a stablecoin.
Key updates and details include:
USDC's market cap is approximately $61 billion with a daily trading volume around $8-9 billion, reflecting strong liquidity and market activity.
The stablecoin's price has remained stable with very slight changes, typically within a few thousandths of a dollar from the $1 peg.
USDC is fully backed by reserves consisting of cash and short-term U.S. Treasury bonds, with regular attestations by independent auditors to ensure transparency and maintain trust.
On June 5, 2025, Circle, the issuer of USDC, completed its IPO on the New York Stock Exchange. This milestone is expected to increase institutional confidence, regulatory transparency, and overall credibility for USDC.
Market indicators suggest neutral momentum with some bearish pressure, but overall USDC remains stable due to its reserve backing and regulatory compliance.
In summary, USDC continues to serve as a reliable, fully backed stablecoin with strong market presence and recent institutional developments enhancing its trustworthiness.