$USDC 🏛️ Regulatory Momentum & Circle Stock Surge

The U.S. Senate passed the GENIUS Act on June 18, 2025 — a bipartisan bill that mandates full reserve backing for stablecoins and monthly public disclosures. It now moves to the House and could reach the president by late summer .

Following the Senate vote, Circle Internet (issuer of USDC, ticker CRCL) stock soared—up ~16–20%—while Coinbase also rallied (~11–16%) .

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💱 USDC & Circle Market Data

Circle’s total market value is approximately $42.2 billion, with $61.5 billion of USDC in circulation—meaning Circle’s valuation covers around 68.5% of circulating USDC .

As of June 12, Circle reported $60.94 billion USDC in circulation, fully backed by highly liquid reserves .

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🛒 Coinbase Integration & Commerce Adoption

Coinbase has launched a global USDC payments stack integrated with Shopify, enabling 24/7 settlements with lower fees targeting large merchants .

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🎯 Futures Markets: USDC as Collateral

Coinbase Derivatives is collaborating with Nodal Clear to allow USDC as collateral in regulated U.S. futures markets. This initiative is pending CFTC approval and could launch in 2026, potentially marking the first use of stablecoins in U.S. margined futures .

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🔍 Broader Market Context

The stablecoin ecosystem now exceeds $256 billion and is increasingly viewed as vital infrastructure for digital finance. Analysts suggest this regulatory progress could elevate USDC from niche use to mainstream utility .

However, concerns remain about shifting deposits away from traditional banking into unregulated corporate reserves—a tension underscored by historical events such as USDC briefly losing its peg during the 2023 Silicon Valley Bank collapse .

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🔎 Quick Summary

Area Key Updates

Regulation Senate passes GENIUS Act—House review pending

Market Impact CRCL & Coinbase stocks surge 11–20%

Circulation $61–61.5 B in USDC, fully backed

Commerce 24/7 USDC checkout via Coinbase payments.