#CryptoStocks $BTC

Here are the latest important news about USDC (USD Coin) summarized in Urdu:

1. The US Senate has approved the GENIUS Act

This paves the way for the regulation of stablecoins like USDC. The administration will introduce mandatory backing by specific reserves such as US dollars or treasury bills and monthly transparent reporting.

2. Market Value of Circle and Volume of USDC

The valuation of Circle Internet Group has reached approximately $42.15 billion, while the circulation of USDC has reached $61.47 billion, meaning the company's value is approximately 68% of the USDC circulation.

3. Use of USDC as Collateral through Coinbase

Coinbase has finalized a partnership to use USDC as collateral in the US futures market. This is leading to greater acceptance of USDC in the traditional financial system.

4. Acceptance of USDC for Shopping on Shopify

Coinbase Payments has launched a new solution for USDC payments on UILabel; Shopify is its first major partner, making payments faster, with lower fees, and without the complexities of blockchain.