$USDC

Today, USDC (USD Coin) gained strong momentum following the U.S. Senate’s approval of the GENIUS Act, a landmark bill establishing strict stablecoin regulations.

The law requires USDC to be fully backed by U.S. dollars or Treasurys, boosting market trust and institutional adoption.

Circle, the issuer of USDC, saw its stock surge over 30%, while Coinbase, which shares USDC revenue, also rose sharply. Additionally, USDC is set to be used as regulated collateral in U.S.

futures trading, pending CFTC approval. The stablecoin continues to hold its peg around $1. This regulatory clarity is expected to increase adoption and strengthen USDC’s position.