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$BTC A little rise
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â ď¸ Binance Users â Donât Make These Common Mistakes! đŤ
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Powell Remarks
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$USDC USD Coin (USDC) đŞ: This shows the USDC price on the Fanntom networkâits tiny fluctuations reflect its peg to the U.S. dollar, hovering around $0.03645 due to unit scaling. On major networks like Ethereum or Solana, USDC remains tightly pegged to $1 as a digital dollar. Key Updates on USDC 1. Senate Passage of the GENIUS Act What it does: The Senate approved the GENIUS Act on June 17, 2025, with a 68â30 vote. This historic bill requires stablecoin issuers to maintain 1:1 backing with U.S. dollars or short-term Treasury assets, implement monthly audits, and institute AMmL safeguards, offering the first federal regulatory framework for stablecoins . Impact: This legislation significantly legitimatizes USDC, reinforcing consumer trustâespecially from large institutionsâand expanding US dollar use in digital finance. Major companies, including Amaazon, Waalmart, Viisa, and Maastercard, are already exploring integration . Next step: The bill now moves to the U.S. House, where itâll be reconciled with the STABLE Act before possible enactment during the August recess . 2. Circle and Coinbase Stock Rally Circle (CRCL): Its stock surged ~6â34% on Senate passage, leaping from its June 5 IPO price of $31
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