The price of **USDC today** is relatively stable at **1 US Dollar** (ranging between 0.9995 – 1.0002\$ according to the platforms) ([coinmarketcap.com][1]).

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## 📌 Today's Key Events Regarding USDC

### 1. **Circle applies for a trusted national bank**

* Circle has submitted an application for a "Trusted National Bank" license from the OCC under the name **First National Digital Currency Bank, N.A.** ([barrons.com][2]).

* The goal is to directly manage USDC reserves and provide custody services for institutions, while enhancing transparency and compliance with the upcoming Genius Act ([barrons.com][2]).

### 2. **Clearer regulatory framework for Stablecoins**

* The Genius Act was passed in the Senate with a significant majority (68–30), requiring full reserve and monthly auditing ([investors.com][3]).

* This supports the adoption of USDC by institutions and encourages its integration into major payment systems like Shopify, and possibly Walmart and Amazon ([investors.com][3]).

### 3. **Wider partnerships with traditional banks**

* Circle aims to partner with banks like BNY Mellon and BlackRock to manage reserves, a move directly resulting from CRCL's public offering in June worth billions of dollars ([reuters.com][4]).

* This will contribute to building additional trust among institutions regarding the safety and support of USDC.

### 4. **Increasing market share against competitors**

* USDC remains the second largest stablecoin with a market size of \~61.7 billion\$, compared to \~158 billion\$ for USDT in the stablecoin market.