The USD Coin (USDC) currency stabilized today, May 16, 2025, at a price of $0.9999, maintaining its close peg to the US dollar. The currency experienced stable trading, ranging between $0.9996 and $1.0001 during the day. In a notable development, the USDC treasury minted over 92.4 million new units on the Ethereum network, indicating an increase in demand for the stablecoin. On the other hand, the CoinCodex platform launched a promotional contest allowing participants the chance to win prizes of up to $1800 in USDC, reflecting a growing interest in the currency within digital circles. These developments demonstrate stability and increasing confidence in USDC as a reliable digital financial tool.

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