According to search results, USDC mining has been active recently in Binance Launchpool. Taking the Nillion (NIL) project as an example, users can participate in a three-day mining period by staking USDC, receiving NIL token airdrops, with the current estimated annualized yield for the USDC pool at 13.2%. Data shows that the current USDC staking amount has reached 816 million tokens, an increase of 41.4% compared to the previous period, indicating a rising market demand for stablecoin mining. However, as a mainstream stablecoin, despite a circulating market value exceeding 60.3 billion USD (ranking 7th), its price volatility risk is relatively low, and the returns are usually lower than those of high-risk tokens. It should be noted that extreme risks have occurred in the stablecoin projects in the crypto circle, such as the 2023 USDC crash event, reflecting that the market liquidity and project credit risks still need to be vigilant. Currently, under the backdrop of the Federal Reserve's interest rate cuts, the demand for stablecoins may further increase, but it needs to be assessed comprehensively in conjunction with platform compliance (e.g., Binance is under SEC scrutiny).