$USDC USDC (USD Coin) is a prominent stablecoin in the cryptocurrency market.

USDC is issued through regulated affiliates of Circle, a financial technology company. It was initially developed in 2018 by Circle, Coinbase, and the Centre Consortium

Circle regularly publishes attestation reports, often conducted by a "Big Four" accounting firm (like Grant Thornton), to verify that the number of USDC tokens in circulation matches the amount of US dollars and equivalent assets held in reserve. This commitment to transparency is a key differentiator for USDC

On June 5, 2025, Circle Internet Group (the issuer of USDC) successfully completed its Initial Public Offering (IPO) on the New York Stock Exchange (NYSE) under the ticker CRCL. The IPO was priced at $31 per share, raising approximately $1.1 billion and valuing the company around $6.9 billion. This marks a significant milestone for the crypto and fintech sectors, indicating growing institutional confidence in regulated digital assets.

USDC has established itself as a leading stablecoin due to its strong backing, regulatory compliance efforts, widespread adoption, and utility across various financial applications, both within and beyond the crypto ecosystem. Its issuer, Circle, has demonstrated a clear path towards mainstream financial integration, culminating in its successful NYSE listing.