USD Coin (USDC) is a stablecoin pegged to the US dollar at a 1:1 ratio, issued by Circle in partnership with Coinbase through the Centre consortium (dissolved in 2023). USDC is used for transactions in DeFi, trading, and settlements, providing stability in volatile crypto markets. It operates on the Ethereum, Solana, Tron, and other blockchains.
- Price (June 9, 2025): ~$1.00 (stable, with minimal deviations).
- Market capitalization: ~$61.5–$64 billion (7th place among cryptocurrencies).
- Trading volume (24h): ~$5–$10 billion, depending on the platform.
- News:
- IPO Circle: On June 5, 2025, Circle conducted an IPO on the NYSE (ticker CRCL), raising $1.1 billion, nearly double its plans. Stock rose by 168%, reaching $83.23, and the company's capitalization was $18.4–$21 billion.
- Integrations: USDC has been implemented in Microsoft for analytics, as well as in hundreds of exchanges and DeFi protocols. The transaction volume since 2018 has exceeded $25 trillion, with $6 trillion in Q1 2025.
- Solana: Minting $250 million USDC on Solana on June 6, linked to the meme coin TRUMP, increased the stablecoin volume on the network. However, in May, there was an outflow of $1.8 billion USDC from Solana.
- ETF: Nasdaq has applied for a spot USDC ETF from 21Shares, with a SEC decision expected by January 18, 2026.
Technical analysis
- Current situation: As a stablecoin, USDC consistently holds at $1.00. On daily charts (e.g., USDC/USD on TradingView), the price rarely deviates more than 0.1–0.3%. Fluctuations are related to market demand and supply, not volatility.
- Key levels:
- Support: $0.997 (historical low during short-term disruptions).
- Resistance: $1.003 (minor premiums in liquid markets).
- Indicators:
- RSI: ~50 (neutral as the price is stable).
- Volumes: Increased activity on Solana after minting $250 million, but an overall decrease in volumes on other networks (e.g., outflow of $1.8 billion from Solana in May).
- Chart: Price is fixed around $1.00. The main interest lies in transaction volumes and market capitalization. See TradingView (USDC/USD) or CoinMarketCap.
Fundamental factors
- Positive:
- USDC is the second-largest stablecoin after Tether (USDT, $153.9 billion). Transparency and regulation make it preferable for institutions.
- Successful IPO of Circle and support from Coinbase (CEO Brian Armstrong called USDC the most reliable stablecoin) strengthen trust.
- Growth in use in DeFi and cross-chain transactions (Solana, Ethereum).
- Risks:
- Competition with USDT and new stablecoins (e.g., USD1).
- Dependency on US interest rates as Circle's income is generated from reserves in treasury bonds.
- Short-term deviations from $1 on some exchanges due to liquidity.
Recommendations
- For traders: USDC is suitable for hedging volatility and settlements in DeFi. Buy at $0.997–$0.999 for short-term profit on premiums. Monitor volumes on Solana and Ethereum.
- For investors: As a stablecoin, USDC is not for capital growth, but for preserving funds. Potential is linked to the growth of the Circle ecosystem (e.g., ETF).
- Monitoring: Follow X (@circle, @usdcoinprinter) and charts on TradingView.
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