$USDC Jerome Powell has reiterated his support for clear regulation of stablecoins, emphasizing that assets like USDC and USDT — which represent over 88% of the market — require robust federal oversight. In a recent panel in Chicago, Powell highlighted that the growth of these digital currencies, with over 227 billion dollars in circulation, makes them an essential part of the modern financial system.

USDC, issued by Circle, has been one of the main beneficiaries of the regulatory push. The GENIUS Act requires that each unit be backed 1:1 by liquid assets such as dollars or Treasury bonds, and that monthly reserve reports be published. This transparency has generated trust in the market, and Circle has seen an increase in demand for its stablecoin, especially after the explicit backing from the Federal Reserve and the Executive. The administration