$USDC USDC continues to trade firmly at its $1 peg, with minimal fluctuations (≈±0.01%) . Its market cap stands around $61.5 billion, ranking it #7 among cryptocurrencies .

On the regulatory front, the U.S. Senate passed the GENIUS Act on June 17, introducing a formal federal framework requiring full reserve backing, audited disclosures, and regulated issuance of stablecoins — a significant milestone for USDC’s legitimacy . Major platforms like Coinbase and Circle have responded: Circle’s stock surged ~33% post-passage, while Coinbase rolled out USDC payment infrastructure and plans to use USDC as collateral in U.S. futures markets .

Market sentiment is bullish — USDC is increasingly viewed as a low-risk dollar surrogate with growing institutional utility in DeFi, payments, and now derivatives.