$USDC USDC remains firmly pegged to $1, maintaining a market capitalization slightly above $61 billion with ~61 billion tokens in circulation. Its issuer, Circle, recently went public under the ticker CRCL, with shares surging ~168% in a blockbuster IPO—raising $1.1 billion and signaling strong institutional confidence. Despite a lower interest rate environment reducing reserve yields, the use of USDC has soared, offsetting pressure on margins. At the same time, the growing regulatory momentum around the oversight of stablecoins may strengthen both Treasury demand and market legitimacy.