Recently, USDC has been dynamic. The issuer Circle performed outstandingly upon listing, with the stock price soaring from $31 to $83.23 on the first day of trading, triggering multiple circuit breakers, and the market capitalization exceeding $18 billion, with IPO subscriptions over 20 times, raising the amount from $600 million to $1.1 billion. Its circulation has significantly increased, growing by 78% in the past year, with over 500 million end users worldwide. By November 2024, the monthly trading volume is expected to exceed $1 trillion, and the total trading volume has surpassed $20 trillion, with a current market capitalization approaching $61.5 billion. Additionally, Coinbase Derivatives plans to support USDC as collateral for futures trading before 2026 and has already received approval from the CFTC.