USDC, one of the largest dollar-backed stablecoins, witnessed a significant transformation today: the U.S. Senate passed important legislation called the GENIUS Act, which establishes the first effective regulatory framework for stablecoins like USDC, enhancing legitimacy and encouraging adoption by banks and financial institutions.

This decision was followed by a notable rise in the stock market: shares of Circle, the issuer of USDC, surged by over 20%, while shares of Coinbase (the partner in issuing USDC) rose by about 16%, in an immediate positive reaction from investors.

The decision paves the way for widespread adoption of USDC as a payment and investment tool.

Notable technical developments also emerged: Coinbase launched a new payment system supporting USDC, including integration with Shopify, making it easier to use digital stablecoins as a payment method 24/7 globally.

Regarding whale movements, a recent report revealed that a massive investor (0x89AB) injected 4 million USDC via the Hyperliquid platform to purchase HYPE tokens, demonstrating increased liquidity and confidence from major investors.

When tracking #USDC today, we see three pillars driving it toward new horizons:

1. Strong formal regulation that enhances institutional credibility.

2. Its integration into real payment systems and major financial institutions.

3. The confidence of large investors and rising liquidity.

A pivotal moment in the history of USDC; it is no longer just a stablecoin but today represents a robust infrastructure in the global digital economy.