$USDC

Simultaneously, shares of Circle, the issuer of USDC, have risen by about 80% since the start of the subscription on June 5, reinforcing its position as a key player in the digital financial system. The passing of the GENIUS Act has also contributed to enhancing expectations for a strict and transparent regulatory framework for stablecoins, which could support the position of USDC in the future. These developments indicate a growing institutional interest and the increasing pivotal role of USDC in driving liquidity and facilitating digital trading globally.