🔸 USDC Snapshot – Steady at ~$1.00

$USDC is trading around $0.99995–$1.00, barely moving from its dollar peg—exactly how a stablecoin should behave

📌 Why It’s Important

The U.S. Senate just passed the GENIUS Act, requiring stablecoins to be fully backed by reserves like short-term Treasuries and audited monthly .

Circle, USDC’s issuer, went public recently. Its stock jumped ~27%—a sign that investors trust USDC’s transparency and backing .

💡 Bottom Line

USDC is doing exactly what it should—hovering near $1.00, with less than a fraction‐of-a-cent deviation. With new regulations and Circle’s IPO behind it, USDC’s reputation as a dependable, institutional-grade stablecoin just got stronger.

#USDC #Stablecoin #CryptoUpdate #BinanceAlpha #CryptoRegulation