$USDC

💵 Is USDC going up or down?

The price of USDC is stable around $1.00 per unit.

Some markets with slight changes are in the range of $0.9997 – $1.00.

No change in 24 hours.

Daily volatility is also only about 0.083%.

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📊 Release

USDC remains stable.

This is its goal— as a stablecoin, it must maintain the value of $1 steadily.

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📌 Why remain stable?

USDC is a stablecoin backed by a 1:1 ratio to the US dollar.

Backed by U.S. Treasury deposits, money market contracts, and other resources.

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🏛️ Background

New legislation called the GENIUS Act has been approved by the US Congress and states that stablecoins like USDC must have cash reserves, enhance security, and require extensive disclosures.

The shares of USDC issuer, Circle, have risen about 16% to 20% due to this legislation.

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🔍 Summary

Is USDC going up or down? — Overall, it remains stable.

Is that stability good? — Yes. Price stability as a stablecoin gives confidence to users.

What will change? — With new legislation and tightening financial resources, the Stablecoin ecosystem could become stronger.

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