$USDC

Recently, USDC (USD Coin) has shown dynamics as a mainstream stablecoin in multiple areas. First, the U.S. SEC released regulatory guidelines for stablecoins, clearly categorizing USDC as a 'regulated stablecoin', recognizing its compliance and the 1:1 peg mechanism with the US dollar, which enhances market confidence. Second, USDC issuer Circle plans to go public on the NYSE in May 2025 (ticker CRCL), further promoting its mainstream progress and potentially expanding the stablecoin market size. Additionally, USDC Treasury destroyed 150 million USDC on April 5, showing its proactive management of circulation to maintain stability. The decentralized platform Maple Finance also launched a $500,000 USDC incentive program to encourage users to hold long-term and enhance capital stickiness, promoting the development of the on-chain asset management ecosystem. Although Ripple's proposal to acquire Circle was rejected, the price of USDC remains stable and is not significantly affected. Currently, the exchange rate of USDC to Chinese Yuan is stable at ¥7.28, with a circulation of 61.5 billion coins and a total market capitalization of approximately 447.7 billion Yuan. While short-term trading volume has decreased by 16.49%, it is still regarded as a core asset in the DeFi space in the long term.