#PowellRemarks $USDC USDC — Here's a quick overview:

💵 *USD Coin (USDC)*

- *Type*: Fiat-backed stablecoin

- *Value*: Pegged 1:1 to the U.S. dollar

- *Issuer*: *Circle*, in partnership with *Coinbase* via Centre Consortium

🧾 *Reserves Transparency*

- Fully backed by cash and short-term U.S. Treasuries

- Monthly attestations provided by regulated accounting firms

- Circle is pushing for regulation under pending *U.S. stablecoin bills* (like the GENIUS Act)