$USDC The US Senate approved the GENIUS Act on June 17, 2025, creating a federal regulatory framework for stablecoins, which supports the adoption of assets like USDC .

• Major firms —Amazon, Walmart, banks like JPMorgan, Bank of America, and Citigroup— are exploring the use of stablecoins in payments, pending regulatory advances like the GENIUS Act .

• Canaccord highlights that compliant stablecoins like USDC could become the "monetary layer of the internet" if recognized as money by the US government.