$USDC
#USDC
In the world of stablecoins.
Since its launch in 2018, USDC has facilitated supply chain transactions exceeding $25 trillion, and its current trading volume is around $60 billion, making it the second largest stablecoin by market cap after Tether's USDT.
Circle, the issuer of USDC, made its debut on the New York Stock Exchange under the ticker symbol CRCL.
The stock rose by 168.5% on its first day, closing at $83.23 per share, up from the initial offering price of $31.
This performance represents one of the strongest gains achieved by a currency on the first day of an American IPO in recent years, raising its market value to nearly $19 billion.
Technical upgrades: USDC version 2.2 and cross-chain improvements
Circle launched USDC version 2.2, an upgrade that significantly reduces gas costs, improves account abstraction support, and enhances transaction security on EVM-compatible blockchains.
This upgrade is fully compatible with previous versions and requires no action from developers or users.
Additionally, Circle launched version 2 of the Cross-Chain Transfer Protocol (CCTP), enabling near-instant USDC transfers between supported blockchains.
