Circle Crypto Deep Dive: USDC Stablecoin’s Value Backing & Global Strategy

What are Circle and USDC?

Circle was founded in 2013 and is a financial technology company headquartered in the United States, dedicated to building digital dollar infrastructure for the global financial system. Its most representative product, USDC (USD Coin), is a stablecoin pegged 1:1 to the US dollar, designed to provide price stability, asset transparency, and regulatory compliance.

Current USDC price and market value

As of July 29, 2025, the market price of USDC is $0.9998, with a market capitalization of approximately $63.7 billion and a daily trading volume of about $13.5 billion. This price stability is derived from its “100% asset-backed mechanism”: every USDC is backed by corresponding reserves of cash or short-term U.S. Treasury securities, and is audited monthly by one of the Big Four accounting firms.

Compliance Advantage: The Support of the U.S. Genius Act

In 2025, the “Genius Act” passed by the U.S. Congress and signed by the President became a turning point for the stablecoin industry. The bill stipulates that all USD stablecoins must be issued by U.S.-registered financial institutions and be regulated under the Bank Secrecy Act, while ensuring that the issuance is backed by 100% auditable fiat or liquid assets.

Circle is one of the earliest stablecoin issuers to comply with this regulation. The introduction of this legislation further strengthens Circle’s market legitimacy and credibility, making it easier for the company to gain widespread recognition from governments, institutions, and users globally, especially in the fields of enterprise settlement, cross-border remittances, and Web3 payments.

Technical Infrastructure and Global Expansion Strategy

In addition to compliance progress, Circle has also built a strong technological foundation, including:

• Programmable Wallet: Supports developers in quickly integrating USDC into Web2 or Web3 applications, suitable for scenarios such as cross-border payments, membership points, and smart contract finance.
• CCTP (Cross-Chain Transfer Protocol): Enables native transfer of USDC across multiple mainstream public chains such as Ethereum, Avalanche, Solana, Base, and Polygon without the risk of bridging.
• USDC API Suite: Allows enterprise clients to send, receive, or settle USDC in bulk, improving payment efficiency.

In terms of international expansion, Circle continues to expand its business in Europe, Asia, and the Middle East. In June 2025, Circle obtained an electronic money institution license issued by the French Financial Markets Authority (AMF), becoming one of the first stablecoin companies to comply with the EU’s MiCA stablecoin regulations. This marks that USDC is qualified for legal circulation within the 27 EU countries, laying a solid foundation for its international expansion.

In addition, Circle is actively cooperating with multiple banks, payment system providers, and Web3 projects globally to promote the application of USDC in areas such as cross-border remittances, on-chain settlements, NFT markets, and RWA (real-world asset on-chain).

Overall, Circle has made continuous investments in compliance policies, technical architecture, and international operations, making USDC one of the most influential and trusted stablecoins globally. In a rapidly evolving crypto-financial world, Circle is at the intersection of compliance and innovation, gradually promoting stablecoins to become the new infrastructure for global digital payments.