#GENIUSActPass

Amid the boom of stablecoins, USDC positions itself as one of the most reliable... or a tool for financial control?

USD Coin (USDC) is a regulated stablecoin, backed 1:1 by US dollars, issued by Circle and Coinbase (through the Centre consortium). Unlike others, USDC is subject to regular audits and complies with strict regulatory frameworks in the U.S.

Safe haven or regulatory trap? USDC walks between two worlds.

💡 Why does it matter?

Transparency: Audited monthly by firms like Grant Thornton.

Institutional adoption: Companies like Visa and BlackRock are integrating it.

Ally of the traditional financial system: Aligned with the dollar's monetary policy.

But here comes the critique: for many crypto maximalists, USDC represents the Trojan horse of the fiat system, a way to keep the dollar within an environment that sought to free itself from it.

⚠️ Latent risks:

  • Its high exposure to the U.S. banking system (Silicon Valley Bank case in 2023).

  • Potential censorship or blocking of addresses (this has already happened).

  • Loss of the principle of decentralization.

📊 Current figures:

Market capitalization: +$32 billion

Circulation: Over 30 billion tokens

Ranking: #2 among stablecoins, after USDT

Does USDC represent financial security or a trap to remain under the dollar's surveillance?

$USDC