$USDC (USD Coin) maintained its characteristic stability, trading close to $1.00, with minimal fluctuations on some bridged networks, such as Fantom. The highlight of the day was the approval of the GENIUS Act by the U.S. Senate, establishing strict rules for stablecoins, requiring a 1:1 backing in dollars or Treasury securities, regular audits, and greater transparency. The news boosted optimism around USDC, and shares of Circle, the issuer of the stablecoin, rose between 16% and 34%. Additionally, Coinbase announced the integration of USDC as a payment method on Shopify and revealed plans to use it as collateral in futures contracts. These initiatives reinforce confidence in the utility of USDC as a stable, regulated asset increasingly integrated into the real economy and traditional finance.
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