$USDC

Organizational and Institutional Wound

The initial public offering of Circle, along with the momentum achieved by the GENIUS Act in Congress, bolsters confidence in the transparency and compliance of USDC.

Institutional inflows to USDC-backed platforms and the decentralized finance (DeFi) sector are witnessing a notable increase, indicating growing adoption in both traditional and decentralized finance.

2. On-chain Uses and DeFi

USDC dominates the stablecoin volume in decentralized finance (approximately 69%). We expect continued flows of primary support as traders seek to rebalance or search for decentralized yields.

3. Price Stability and Technology

The price range remains stable between $0.9995 and $1.0005 with minimal fluctuations.

There are no signs of exchange rate divergence, but any sharp increases in trading volume should be monitored - especially if US dollar liquidity or major global events lead to changes in asset distributions.