$USDC 📊 USDC Market is Booming, Leading Stablecoin Attracts Attention! As the second largest stablecoin pegged 1:1 to the US dollar, USDC's market cap has surpassed $61 billion, demonstrating robust performance recently. After its listing, Circle (CRCL) saw its stock price soar, rising 168% on its first day on the NYSE on June 5, reaching $149.15 by June 18, reflecting optimistic market sentiment towards the prospects of stablecoins. The US Senate passed the GENIUS Act, paving the way for the regulation of stablecoins like USDC, with institutions accelerating adoption, such as Coinbase using it as collateral for futures trading. Shopify integrates USDC payments, expanding e-commerce application scenarios. On-chain data is impressive, with a surge in USDC inflow on the TRON network, indicating strong demand from both retail and institutional investors. Investors need to pay attention to regulatory developments, US dollar policies, and market volatility risks. USDC's low volatility and high liquidity make it the preferred choice for risk aversion in the crypto market, and it may shine brightly in the fields of payment and settlement in the future!
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