USD Coin (USDC) is a stablecoin pegged to the US dollar, designed to maintain a stable value. Here are some key updates:

*Current Price and Market Data*

- The current price of USDC is around $0.999829 to $1, with a 24-hour trading volume of $18.45 million to $19.51 billion.

- The market capitalization of USDC is approximately $67.412 billion to $69.051 billion.

- The circulating supply of USDC is around 67.416 billion to 69.043 billion tokens ¹ ² ³.

*Recent Developments*

- USDC has seen significant growth, with its circulating supply increasing by 80% from its 2023 low, driven by growing adoption in DeFi, NFT marketplaces, and cross-border payments.

- The stablecoin has gained traction on alternative layer-1 networks like Solana and Hyperliquid, offering faster transaction speeds and lower fees.

- Institutional investors are increasingly using USDC for liquidity and hedging purposes due to its regulatory compliance and reserve backing ⁴.

*Partnerships and Integrations*

- Vercel, a US cloud development platform company, now accepts USDC for purchasing v0 credits.

- Silo Labs has ended a governance voting to switch xSILO rewards to USD Coin and Ethereum, with staggering support for the new revenue-distribution model.

- Monex Group is exploring the launch of a yen-pegged stablecoin in Japan, leveraging its existing platforms and resources ⁵ ⁶ ⁷.

*Regulatory Updates*

- The US GENIUS Act requires stablecoin issuers to disclose reserve details monthly, impacting USDC and other stablecoins.

- Japan has pioneered stablecoin laws and approved Circle's USD Coin (USDC) for use in the country, with potential for more issuers to follow ⁷.