$USDC

USDC (USD Coin) is a popular stablecoin that's currently valued at $1.00, with a market capitalization of $61.46 billion. Here are some recent updates¹ ²:

- *Market Performance*: USDC has seen a stable market performance, with a 24-hour spot volume of $11.34 billion and a market capitalization ranking of #2 among stablecoins.

- *Circle's NYSE Debut*: Circle, the issuer of USDC, recently debuted on the New York Stock Exchange (NYSE) with a ticker symbol CRCL, raising approximately $1.05 billion and valuing the company near $8 billion.

- *Circle Payments Network (CPN)*: Circle launched the CPN mainnet, a protocol enabling real-time cross-border settlements using USDC, which aims to facilitate efficient global digital dollar payments.

- *USDC Reserve Audits*: Deloitte & Touche LLP has been auditing Circle's financials, including USDC reserves, since 2022, ensuring transparency and trust in the stablecoin.

- *Cross-Chain Transfer Protocol (CCTP)*: USDC's CCTP allows for secure, seamless transfers across blockchains, supporting networks like Ethereum, Avalanche, and Solana.

- *Recent Incidents*: Circle froze nearly $58 million in USDC following a US federal court order related to a fraud investigation involving the LIBRA memecoin.

- *Partnerships and Adoption*: USDC has seen growing adoption in various sectors, including decentralized finance (DeFi) and content creator payments, with potential integration with Meta's platforms.

Overall, USDC continues to be a prominent player in the stablecoin market, with ongoing developments and partnerships aimed at improving its usability and security.