Today, USDC is making headlines as its circulating supply has doubled from $30 billion to $60 billion, raising concerns among analysts about its rapid growth.
At the same time, Circle, the issuer of USDC, is expanding globally by funding African blockchain projects and partnering with firms like Flutterwave. Circle’s recent IPO on June 5 has also gained attention, with its stock price surging over 380%.
Additionally, the U.S. Senate passed the GENIUS Act, enforcing stricter regulations for stablecoins, which is expected to boost trust and adoption of USDC. These developments reflect USDC’s growing influence and global reach in the crypto space.
