$USDC is the leading currency in the market in terms of widespread adoption as a stablecoin. It remains pegged at a 1:1 valuation to the US dollar. $USDC boasts a strong market capitalization of $61.67 billion and a stable 24-hour trading volume exceeding $10 billion. It is an essential part of the cryptocurrency ecosystem. Circle, the issuer of $USDC, has launched new initiatives to bring global presence to $USDC, including the recently announced **USDC Developer Grant Program**. So far, Circle supports five projects in Africa to innovate blockchain technology. The stablecoin sector, in general, has seen an increase in **institutional interest** as large financial institutions (Societe Generale being one of them) have developed their own stablecoins. Retailers like Shopify have integrated $USDC into their payment processes. This demonstrates the acceptance of the stablecoin in **traditional commerce.**

In particular, the US Senate has reintroduced the GENIUS Act** (Guiding and Establishing National Innovation for Stablecoin Act of 2025) which was recently passed to help provide guidance.#USDC✅