$USDC Recent news (June 2025)

1. **GENIUS Act approved by the U.S. Senate**

The Senate passed the GENIUS Act on June 17-18, 2025, a regulatory framework for stablecoins that requires 1:1 backing with dollars or Treasury securities and monthly audits.

It is expected to strengthen the legitimacy of USDC and other stablecoins.

The bill now goes to the House of Representatives, and if approved, it could be signed by the end of summer (winter in Nicaragua).

2. Impact on Circle and Coinbase

Shares of Circle (issuer of USDC) rose between 16% and 34% following the passage of the law, reaching values between 173–190 USD per share.

Coinbase announced its "Coinbase Payments" system, which already allows payments with USDC through Shopify, and its stock rose ~16%.

3. Implications in markets

Issuing more stablecoins could increase the demand for short-term treasuries, affecting short-term interest rates; although it could reduce liquidity in certain areas of the market.

Economists debate whether this will further strengthen the dollar or present systemic risks.

What does this mean for USDC today?

Stable value: USDC remains pegged to the dollar, with no significant volatility.

Greater confidence: The regulatory framework provides transparency and legal backing, generating more trust among institutions and users.

Growth in adoption: Initiatives like payments with Shopify and institutional backing (Coinbase, Visa, Mastercard, Walmart) drive its widespread use.

Solid backing: USDC is backed 100% by liquid assets, with monthly audits by Deloitte and reserves managed via 2a-7 money market funds.

Current situation

Actual price: ~0.036 USD (this reflects USDC on a Fantom-type blockchain; its parity is usually 1 USDC = 1 USD on many networks).

Ecosystem: USDC operates on more than 20 blockchains, facilitating global interoperability and instant payments.

Outlook: If the GENIUS Act becomes law, it could strengthen its role as the "backbone" of digital payments.