$USDC : Stablecoin Gains Traction Amid Regulatory Momentum
As of May 16, 2025, USD Coin (USDC) maintains its $1.00 peg, with a market capitalization of approximately $60.65 billion. Recent developments highlight USDC's growing prominence: Circle, its issuer, minted an additional $250 million USDC on the Solana blockchain, signaling increased demand. The U.S. Senate is advancing the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), aiming to provide regulatory clarity for stablecoins. Analysts suggest that such regulation could bolster the U.S. dollar's global standing, as stablecoins like USDC are primarily dollar-backed. Additionally, Mastercard's partnership with MoonPay facilitates the use of USDC for real-world purchases, bridging digital assets with traditional payment systems. These developments underscore USDC's expanding role in the evolving digital financial landscape
