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As of **June 18, 2025**, **$USDC** is still the market leader in terms of overall adoption as a stablecoin.It remains firmly pegged at a valuation of 1:1 to the U.S. dollar. $USDC has a strong market cap of $61.67 billion and a consistent 24-hour trading volume of over $10 billion.It is an essential part of the crypto ecosystem.
Circle, the issuer of $USDC, has rolled out new initiatives to bring global presence for $USDC, including the recently announced **USDC Developer Grant Program**. To date, Circle is supporting five projects in Africa for blockchain innovation. The stablecoin sector generally has increased in **institutional interest** as large financial institutions (Societe Generale being one of them) have developed their stablecoins retailers like Shopify have incorporated $USDC in their payment processes. This demonstrates an acceptance of stablecoin in **traditional commerce**.
In particular, the U.S. Senate (re-)introduced the **GENIUS Act** (Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act) that was recently passed to help provide the direction and regulatory clarity needed to fuel the growth of it seamlessly into a global finance system. The legislative push is expected to provide exciting opportunities for it in the foreseeable future! Most importantly, with its track record of maintaining stability while providing better regulatory infrastructure, it can comfortably be a leader in establishing a digital dollar preferred choice for transactions, **decentralized finance (DeFi)**, and as a stable asset in the volatile crypto marketplace among other assets.
