$USDC is affected by factors such as. Factors like inflation, unemployment rates, and the monetary policies of central banks can influence the confidence and stability of currencies, including USDC. Competition from other stablecoins like Tether (USDT), Dai (DAI), and new stable currencies may affect the market capitalization and acceptance of USDC. The development and approval of competitors can lead to changes in the value and use of USDC. Events related to financial technology, such as major trading platforms providing support for USDC, or large projects involving USDC, can create trends and influence its value.