USD Coin (USDC), launched by the CENTRE Consortium co-founded by Circle and Coinbase, has rapidly become the second largest stablecoin by market cap since its introduction in 2018. It is now supported by a growing number of businesses, including BitBay, Kyber Network, and Uniswap, expanding its ecosystem to nearly 100 exchanges, protocols, platforms, applications, wallets, and service providers. BitBay is a leading European exchange with over 800,000 users, Kyber Network facilitates decentralized token swaps, and Uniswap is a decentralized platform experiencing significant growth. USDC aims to establish a standard for fiat on the internet, providing a governance framework for the adoption of asset-backed stablecoins, and its backing by US dollar reserves is verified through reports by Grant Thornton LLP. Circle continues to innovate in financial services by enhancing accessibility, inclusivity, and efficiency in money movement worldwide.