$USDC Recent developments around this have sparked lively discussions on Binance Square, especially in light of recent comments from Federal Reserve Chairman Jerome Powell. Powell's indication of sustained and high interest rates (4.25%–4.50%) due to inflation risks driven by tariffs has led cryptocurrency traders to speculate on the dynamics of stablecoins. $USDC, a dollar-pegged stablecoin issued by Circle, remains stable near $1, unaffected by Bitcoin's flat line at $105,200 after Powell's speech.

Binance Square posts highlight the growing adoption of $USDC, with Coinbase integrating it as collateral for futures trading in the U.S. and Shopify enabling its payments through the Base blockchain. The Senate's approval of the GENIUS Act, which legalizes dollar-pegged stablecoins, has boosted Circle's stock by 33% since its debut on the NYSE on June 5. Users highlight the $60 billion market capitalization of $USDC, only surpassed by Tether's $USDT, and its role in DeFi and cross-border trading. However, some express caution, citing legal uncertainties surrounding $USDC reserves if Circle faces bankruptcy. Powell's comments add complexity, with traders debating whether high rates could stifle cryptocurrency growth or reinforce stability.