$USDC As of June 5, 2025, USDC (USD Coin) maintains its peg to the U.S. dollar, trading at approximately ₨280.26 PKR in Pakistan. With a circulating supply of over 60.6 billion USDC, its market capitalization stands at about ₨17.1 trillion PKR, reflecting its status as the seventh-largest cryptocurrency by market cap .

Today marks a significant milestone for Circle, the issuer of USDC, as it debuts on the New York Stock Exchange under the ticker CRCL. The company priced its initial public offering at $31 per share, surpassing the anticipated range of $27–$28, indicating strong investor confidence .

This IPO, raising approximately $1.1 billion, underscores the growing institutional interest in stablecoins and blockchain technology. Circle plans to utilize the proceeds to expand USDC’s usage and strengthen its position in the global payments market .

For traders and investors in Pakistan, USDC remains a stable and reliable digital asset, offering a hedge against local currency volatility while providing exposure to the evolving global crypto landscape.