$USDC is natively supported on 21 blockchain networks (e.g., Ethereum, Solana, Polygon, World Chain), enhancing its utility in DeFi and cross-chain transfers.

Regulatory Environment: Circle’s recent IPO and compliance with U.S. regulations bolster confidence in USDC’s stability, unlike competitors like Tether (USDT), which has faced scrutiny over reserve transparency.

Market Context: The stablecoin market is competitive, with USDC holding a 36.8% share in September 2022, second to USDT’s 45%. Recent integrations, like Shopify accepting USDC payments and World Chain’s native support, signal growing adoption.