$USDC The US Senate on June 17 passed the GENIUS Act — the first federal legislative framework for digital dollars, including USDC, with requirements for monthly reserve disclosures and backing by liquid assets.

• The next step is the consideration of the bill in the House of Representatives (STABLE Act) and final signing by the President.

Stocks and Investor Confidence

• Circle's (CRCL) shares rose an average of 34% after the approval of the GENIUS Act, reaching around $200, which is 540–544% higher than the IPO price of $31.

• Coinbase (COIN) — co-author of USDC — added ~16–17%, trading around $295–297 after news of regulation.

New Use Cases and Integrations

• Coinbase Payments is implementing USDC as a payment method on e-commerce platforms like Shopify — a step towards the mass adoption of digital payments.

• USDC will become a potential collateral in US futures contracts thanks to the collaboration between Coinbase Derivatives and Nodal Clear, with CFTC approval scheduled for 2026.

Technical Innovations

• Circle accelerates USDC issuance on Solana: on June 18, the company added around $250 million USDC into circulation on this blockchain platform.

• The CCTP V2 protocol has been launched — native support for USDC on 21+ blockchains (including Solana, it now also supports pre-mint addresses).