#USCryptoWeek

USD Coin (USDC) is a major stablecoin in the cryptocurrency market, designed to maintain a 1:1 peg with the US dollar. Over the past week, USDC has continued to trade very close to its intended value, with the latest price at $0.9999, a minimal change of -0.01% from the previous close. The weekly price range has been extremely tight, with a high of $1.00 and a low of $0.9997, reflecting the stable nature of the asset.

Key highlights for USDC this week:

Legislative Focus: The upcoming week (July 14–18) has been designated as "Crypto Week" by the U.S. House of Representatives. During this period, Congress will vote on several critical bills affecting the crypto industry, including the GENIUS Act, which would allow private companies to issue stablecoins like USDC, provided they maintain full cash backing. If passed, this could further legitimize and potentially expand the use of USDC in the U.S. and globally