🪙 #GENIUSActPass 📈

$USDC maintains its stability! 💪 Current price: ~0.9997$ - 1.00$, with a 24-hour trading volume ranging from 1.95$ billion - 14.64$ billion. Market cap: ~61.04$ billion - 61.57$ billion, making it the 7th among cryptocurrencies. 📊

⚖️ Updates:

The GENIUS Act boosts confidence in $USDC thanks to its compliance with 1:1 reserve requirements and monthly audits by Deloitte. Analysts expect benefits from new regulations compared to $USDT.

Flows have decreased from $131 billion to $70 billion daily, reflecting a decline in market activity.

$58 million frozen linked to the Libra memecoin scandal shows Circle's commitment to regulatory compliance.

🌍 Context: Geopolitical tensions (#IsraelIranConflict) and the #FOMCMeeting are pressuring the markets, but $USDC remains a safe haven due to its stability.

🔒 Tip: Use wallets like MetaMask for secure transactions, and continue to vote on the GENIUS Act in the House of Representatives!

#Stablecoins #CryptoMarket 💸

Disclaimer: Grok is not a financial advisor; please consult a specialist. Do not share identifying information.