📢 **USDC Makes Major Moves Following Circle IPO and GENIUS Act Passage**
USDC, the second-largest stablecoin by market cap, is in the spotlight after a series of major developments. Circle, the issuer of USDC, recently completed a highly successful IPO on the New York Stock Exchange. The stock surged on its debut, signaling strong investor confidence in the stablecoin sector.
At the same time, the U.S. Senate passed the GENIUS Act, a landmark bill establishing clear regulations for stablecoin issuers. The act requires full reserve backing and sets strict standards for transparency and oversight. This gives USDC a significant edge as a fully regulated and trusted stablecoin.
USDC also expanded its presence on key blockchain networks. It launched natively on the XRP Ledger and World Chain, enabling faster, more secure transactions without relying on bridges. Additionally, Circle awarded grants to several African blockchain startups to promote real-world adoption.
Together, these moves position USDC as a leading force in the regulated crypto economy.
