$USDC

USD Coin (USDC) is the second-largest stablecoin, with a market cap of approximately $58.77 billion as of March 2025. It has seen significant adoption, especially in Latin America, where it accounted for 39% of crypto purchases on Bitso in 2024. USDC is widely used in DeFi, payments, and institutional settlements, with backing from major firms like PayPal, Revolut, and Stripe.

Regulatory developments, such as the proposed "GENIUS Act" in the U.S. Senate, aim to provide federal legitimacy to stablecoins, potentially boosting USDC’s credibility. Its transparency and compliance make it a preferred choice among investors and institutions.

USDC operates across multiple blockchain networks, including Ethereum, Base, and Polygon, enhancing its accessibility. As stablecoin adoption rises and regulatory clarity improves, USDC is solidifying its role in the cryptocurrency ecosystem, bridging the gap between traditional finance and digital assets.