As of May 17, 2025, USD Coin (USDC) maintains its peg to the U.S. dollar, trading at approximately $1.00. The stablecoin's market capitalization has reached an all-time high of over $60 billion, with a circulating supply of approximately 60.76 billion USDC tokens .
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🔍 Market Overview
Price Stability: USDC continues to uphold its 1:1 peg with the U.S. dollar, exhibiting minimal price fluctuations.
Market Capitalization: The market cap has surpassed $60 billion, reflecting growing adoption and trust in the stablecoin .
Trading Volume: In April 2025, USDC recorded a trading volume of $219 billion, indicating increased utilization in the crypto market .
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🏦 Issuer Developments
Circle's IPO Plans: Circle, the issuer of USDC, has filed for an IPO with backing from JPMorgan and Citigroup. This move aims to enhance transparency and regulatory compliance .
Revenue Model: Circle generates approximately 98% of its revenue from interest on short-term securities. This model exposes the company to interest rate risks and revenue volatility .
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🌐 Adoption and Regulatory Compliance
European Expansion: USDC's market share increased from 21.6% at the beginning of 2025 to 25.7% by March 30, coinciding with Circle becoming the first stablecoin issuer to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA) .
