$USDC
đ˘ USDC Updates đ¨
USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed to maintain a stable value.
Here are some key updates about USDC:
- Current Price:
USDC is trading at $1.00, maintaining its stable value.
- Market Capitalization:
The market capitalization of USDC is $61.51 billion.
- XRP Ledger Integration:
USDC has been integrated into the XRP Ledger via Uphold, enabling cross-border cryptocurrency transactions with quicker settlement times and more flexibility.
- Regulatory Developments:
The US Senate has passed the Genius Act, establishing a comprehensive federal framework for fiat dollar-backed stablecoins, which may boost institutional adoption of USDC.
- Circle's IPO:
Circle, the issuer of USDC, has successfully launched its IPO, signaling potential growth and increased utility for USDC in traditional financial markets.
These updates highlight USDC's growing importance in the cryptocurrency and traditional financial markets.
