$USDC USDC (USD Coin) remains stable at approximately $1, maintaining its peg due to full backing by U.S. dollars and short-term Treasuries. Its market cap stands near $61 billion, making it the second-largest stablecoin after Tether. Institutional adoption is growing, supported by Circle's compliance focus and transparency. Recent U.S. legislation, including the GENIUS Act, favors regulated stablecoins like USDC by enforcing stricter reserve and audit standards. However, overall stablecoin inflows into exchanges have declined, suggesting reduced trading activity. Despite short-term fluctuations in demand, USDC remains a trusted, regulated digital dollar, preferred for payments, DeFi, and cross-border transfers.