$USDC (USD Coin) remains a dominant stablecoin, currently trading at approximately $1.00, maintaining its peg to the US dollar. Its market capitalization is around $61.5 billion, with a 24-hour trading volume typically exceeding $10 billion.

Recent news highlights include USDC becoming eligible collateral for US futures trading, a significant step towards broader adoption in regulated financial markets. This move, spearheaded by Coinbase Derivatives and Nodal Clear, leverages USDC's reliability for near-instant money movement and secure custody. Despite a temporary de-peg during the Silicon Valley Bank crisis in 2023, USDC quickly recovered, reinforcing its perceived stability. The overall market sentiment around USDC appears positive, with increasing investor confidence due to ecosystem updates and growing integration.