$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed to provide a stable store of value and medium of exchange in the digital asset space. Here are some updated details ¹ ² ³:

- *Current Price*: USDC is trading at $0.999899, with a slight increase of 0.01% in the last 24 hours.

- *Market Capitalization*: The market cap of USDC is approximately $61.51 billion, making it a dominant player in the stablecoin market with a market dominance of 1.79% or 1.81%, depending on the source.

- *Trading Volume*: The 24-hour trading volume of USDC is around $15.47 million, according to some sources, or $5.14 billion, as per others, indicating significant market activity.

- *Circulating Supply*: The circulating supply of USDC is approximately 61.51 billion, with Circle, the issuer, having a market capitalization of over $40 billion.

Some recent developments include ² ⁴:

- *Circle's Expansion*: Circle issued 100 million USDC, indicating increased liquidity demand from institutions on the Algorand blockchain.

- *Regulatory Progress*: The US Senate passed the GENIUS Stablecoin Act with a significant majority, aiming to establish a national regulatory framework for stablecoins.

- *Market Activity*: Whales have been actively using USDC, with one whale withdrawing $1.5 million USDC to buy 1.58 million AERO, and another depositing 4 million USDC to purchase HYPE Token.

Overall, USDC remains a stable and widely adopted stablecoin, with growing institutional demand and regulatory clarity on the horizon.