$USDC

📢 #USDC | #Stablecoins | #GENIUSAct

USDC has seen a surge in institutional interest following the U.S. Senate's passage of the GENIUS Act, which is considered the first comprehensive regulatory framework for stablecoins. Circle, the issuer of USDC, saw its stock rise by 34%, and Coinbase also experienced gains following the announcement.

💼 What's new?

USDC may soon be used as collateral for futures contracts on licensed U.S. exchanges.

It is now viewed as "digital cash equivalent to the dollar," which enhances its global adoption.

The market is moving toward broader legitimacy with expectations that stablecoins could reach trillions in value.