$USDC

USDC

0.9997

+0%

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

1. The US Senate has approved the GENIUS Act

This has paved the way for the regulatory oversight of stablecoins like USDC. The administration will introduce mandatory backing with specific reserves like US dollars or Treasury bills and monthly transparent reporting.

2. Circle's market value and USDC volume

The market value 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% equal to USDC circulation.

3. Use of USDC as collateral through Coinbase

Coinbase has finalized the partnership to use USDC as collateral in the US futures market. This is leading to further 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, enabling payments to be fast, low-cost, and without the complexities of blockchain.