$USDC

Circle, the issuer of USDC, debuted on the NYSE on June 5, 2025, under ticker CRCL. Its stock soared by ~168% on day one, closing at $83.23—well above its $31 IPO price .

The listing raised roughly $1.1 billion, valuing Circle at $6.9 billion ($18B market cap at peak); its 2024 revenue was $1.7 billion—driven by interest income from USDC reserves .

Analysts caution: upcoming Fed rate cuts in late 2025 could reduce reserve yields and put pressure on Circle unless adoption rises .

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🌐 Technological Expansion & Usage

USDC launched natively on Ripple's XRP Ledger (XRPL) on June 12, enabling faster, on-chain transfers via auto-bridging and broader institutional use .

Circle also announced grants to five African blockchain projects in its latest USDC Developer Grant round—highlighting a global adoption push .

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📊 Market Metrics & Stability

Market cap stands around $61 billion, keeping USDC the 2nd-largest stablecoin after Tether (USDT at ~$155 billion) .

Circulating supply is ~61.5 billion tokens, with price stable at $0.9999–$1.00 .

On-chain data shows exchange inflows for USDC (and USDT) have dropped suddenly—down ~$61 billion, a potential indicator of reduced trading activity or capital redeployment .

S&P analysts note that while Circle's IPO doesn’t affect USDC's stability rating, regulatory reforms (like GENIUS) could clarify protections if Circle were ever to go bankrupt .