$USDC Latest News

1. The US Senate approved the GENIUS Act – a bill introducing strict rules for stablecoins, including mandatory backing and audits.

• This strengthens the regulatory position at the federal level and may accelerate the growth of USDC through the maintenance of trust .

2. Shares of Circle (CRCL), the issuer of USDC, surged amid legislative support – up about 6%, reaching ~$162 .

3. Parts of the industry consider the GENIUS Act important, but some are concerned about the implications for the banking system. Analysts note that USDC maintains its stability even in the event of Circle's potential bankruptcy .

4. Expansion of the USDC network:

• Launch on XRP Ledger (XRPL) and World Chain with enhanced cross-chain functionality and CCTP V2 protocol .

• Partnerships: Shopify (Base), Brazilian banks, projects in Africa, and other initiatives .