A Stablecoin USDC ($USDC ), issued by Circle in partnership with Coinbase, has seen significant developments recently, especially regarding legislation and adoption.

Recent Highlights:

* Legislative Approval in the USA: The US Senate passed an important bill (GENIUS Act) on stablecoins, boosting hopes for greater adoption and regulatory clarity for the sector. This movement generated an increase in the stocks of Circle and Coinbase, indicating market optimism.

* Listing on the Stock Exchange: Circle went public on the New York Stock Exchange (NYSE) earlier this month, in a successful debut that increased its shares by over 300%.

* Expansion to New Blockchains: USDC was recently launched on Ripple's XRP Ledger (XRPL), aiming to facilitate faster transactions with lower fees. The stablecoin is now available on 22 blockchain networks.

* New Utilities and Integrations:

* Coinbase is seeking approval to use USDC as collateral in regulated futures markets, which would be a milestone in the integration of digital assets with traditional financial infrastructure.

* Shopify now allows payments in USDC via MetaMask, boosting the use of the stablecoin in e-commerce transactions.

* Coinbase and Aston Martin have entered into a sponsorship agreement in Formula 1 paid exclusively in USDC.

* Growth and Adoption: The market capitalization of USDC reached a record above $60 billion, showing an increase in its market share in stablecoins. The total accumulated volume of USDC has surpassed $26 trillion.

* Regulation and Transparency: Circle continues to emphasize that USDC is fully backed by US dollars and equivalents, with monthly reserve attestations published by one of the "Big Four" accounting firms.

These updates indicate a positive outlook for USDC, with a focus on greater regulatory clarity, expanded use, and integration with the traditional financial system.