$USDC

USDC has been making significant strides recently. Here are some key updates:

- *Integration with XRP Ledger*: Circle's USDC has officially launched on the XRP Ledger, enabling cross-chain transfers via XRP's auto-bridging feature. This integration expands the reach of the dollar-pegged digital asset and enables new cross-chain liquidity routes.

- *Shopify Partnership*: Shopify has partnered with Coinbase and Stripe to pilot USDC payments, allowing merchants to accept USDC as a form of payment.

- *Circle's IPO Plans*: Circle Internet Group Inc.'s upcoming initial public offering (IPO) is expected to raise up to $624 million, with BlackRock Inc. planning to acquire roughly 10% of the shares.

- *Market Capitalization Growth*: USDC's market capitalization has surpassed its previous peak from 2022, recovering from its market capitalization collapse triggered by a regional bank run in 2023. The stablecoin's market cap is currently around $61.89 billion.

- *Adoption and Partnerships*: USDC has seen increased adoption, with Nubank launching 4% annual USDC rewards for stablecoin holders and Swiss AMINA Bank removing custody fees for USDC holders.

- *Regulatory Developments*: The GENIUS Act regulating crypto in the US has been approved by the Senate, which could have implications for stablecoin issuers like Circle.