USD Coin (USDC) is making waves in the crypto space. Circle, USDC’s issuer, saw its stock surge 25% after its NYSE debut, hitting a $33.6 billion market cap. Coinbase and Shopify partnered to enable USDC payments for merchants, boosting mainstream adoption. Coinbase Derivatives and Nodal Clear plan to use USDC as collateral for U.S. futures trading, a move backed by the CFTC, potentially integrating stablecoins into traditional finance. The U.S. Senate passed stablecoin legislation, signaling regulatory support. Meanwhile, Amazon and Walmart are reportedly exploring their own stablecoins, driving Circle’s stock higher. USDC’s market cap stands at $60 billion, solidifying its position behind Tether’s USDT.
