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Here’s the current status for USD Coin (USDC):
• 🔹 Price: Roughly $1.00, holding its peg firmly — ranges between $0.9997 – 1.0007 over the past 24 hours .
• 🔹 Market cap: Around $61.25 billion .
• 🔹 24‑hour volume: Between $7 billion to $10 billion .
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⚙️ Why USDC remains so steady:
• It’s a fully reserved stablecoin, backed 1:1 by U.S. dollars and equivalents—which can include short-term Treasury instruments—managed by Circle and subject to regular audits .
• Recent regulatory tailwinds, especially the U.S. Senate’s passage of the GENIUS Act (June 18, 2025), are reinforcing stablecoin frameworks—boosting credibility for USDC and others .
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🧭 Summary:
USDC remains pegged to $1 with minimal fluctuation and respectable trading volumes. Institutional and regulatory support are helping secure its stability and adoption in global payments.