$USDC Hello! To keep you updated on USDC (USD Coin), here are the latest news and relevant information:

Recent News and Updates:

Circle IPO: Circle Internet Group, the issuer of USDC, has confirmed its plans for an initial public offering (IPO) on the New York Stock Exchange (NYSE) under the symbol "CRCL".1 USDC will be the central focus of the company's business.

Ripple and Circle: There have been reports that Ripple made an offer of $4 billion to $5 billion for Circle, but the offer was apparently rejected as being too low. Ripple recently launched its own stablecoin, RLUSD.2

Adoption and Partnerships: USDC continues to expand its adoption through partnerships with major companies like Coinbase, Mercado Livre, Visa, and Mastercard.

USDC Reserves: Most of USDC's reserves (85%) are allocated to a money market fund managed by BlackRock, with custody by the Bank of New York Mellon. The remainder is held in highly liquid bank accounts.3

Market Capitalization Growth: The circulating supply of USDC has seen a significant increase from the lows of 2023, driven by rising on-chain activity and the rise of networks like Solana.

Native Integrations: USDC is expanding its native integrations across various blockchains. Recently, there were updates on the native availability of USDC and CCTP V2 on networks like Linea and World Chain.4

Argentina and Tokenization: Circle responded to the public consultation of the Argentine National Securities Commission regarding a regulatory framework for tokenization.

Pectra Upgrade and Gasless USDC: The upcoming Ethereum update, Pectra, will allow USDC transactions without gas fees through EIP-7702.

USDCKit: The USDCKit has been introduced, an SDK to simplify payments, automation, and compliance with USDC.5

Current Price:

The price of USDC remains very close to $1, seeking to maintain parity with the US dollar, as expected for a stablecoin.