$USDC The volume of USDC has reached a record $60.2 billion, strengthening its second place among stablecoins after USDT. The issuer Circle successfully conducted an IPO on the NYSE — shares rose from $31 to over $100, and the market capitalization exceeded $20 billion. The main income (98%) comes from interest on reserves, but the Federal Reserve's rate cuts may impact profits. Circle is expanding its presence: USDC is approved in Japan and Dubai, entering regulated assets. However, expenses for partners (e.g., Coinbase) remain high. Steady growth and global regulation are shaping strong prospects, but competition and interest rate risks persist.