$USDC Here’s a detailed overview of **USD Coin (USDC)** based on the latest available data (as of June 18, 2025):
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### **USDC Key Metrics**
- **Current Price**: **$0.999916** (pegged to USD, with minor fluctuations of ±0.05%) .
- **Market Cap**: **$61.5 billion**, ranking as the 7th-largest cryptocurrency .
- **24h Trading Volume**: **$12.9 billion**, reflecting high liquidity .
- **Circulating Supply**: **61.5 billion USDC**, fully backed by cash and short-term U.S. Treasuries .
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### **Price Stability & Historical Trends**
1. **Peg Maintenance**:
- USDC maintains a near-perfect 1:1 USD peg, with historical prices ranging between **$0.9986 and $1.0009** over the past month .
- Minor deviations (e.g., -0.05% on June 18) are quickly arbitraged due to redemption mechanisms .
2. **Recent Performance**:
- **7-day range**: $0.99 (low) to $1.00 (high) .
- **52-week range**: $0.9964 to $1.0028, demonstrating extreme stability .
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### **Regulatory & Market Developments**
- **GENIUS Act Impact**:
- The U.S. Senate’s passage of the GENIUS Act (June 2025) mandates 100% reserve backing for stablecoins, bolstering confidence in USDC’s compliance .
- Circle (USDC’s issuer) went public in June 2025, with its stock (**CRCL**) surging **168% on debut**, reflecting market optimism .
- **Competition**:
- BlackRock’s **BUIDL** (a tokenized Treasury fund) is emerging as a yield-bearing alternative for collateral, though USDC remains dominant for liquidity .
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### **Use Cases & Adoption**
- **DeFi & Trading**:
- USDC is widely used in decentralized finance (DeFi) for lending, borrowing, and as a base trading pair on exchanges like Binance and BingX .
- **Binance’s USDC share** grew from 10% to 20% in 2025 due to its transparency advantages over USDT .
- **Institutional Adoption**:
- Visa, PayPal, and JPMorgan utilize USDC for cross-border payments and collateral .
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### **Risks & Considerations**
- **Regulatory Scrutiny**: Compliance costs may rise under the GENIUS Act’s $5
