$USDC USDC (USD Coin) is a prominent stablecoin designed to maintain a stable value pegged 1:1 to the US dollar. Issued by Circle, it aims to bridge traditional finance with blockchain technology. Each USDC in circulation is purportedly backed by an equivalent dollar or highly liquid, low-risk assets like short-term US Treasuries, held in segregated accounts with regulated financial institutions. This backing and regular independent attestations by accounting firms provide transparency and help USDC maintain its peg, making it a trusted asset in the volatile crypto market. With a current market cap exceeding $61 billion, USDC facilitates fast, low-cost global transactions, cross-border payments, and plays a crucial role in decentralized finance (DeFi) ecosystems. Its availability on multiple blockchains further enhances its utility and widespread adoption.
#FOMCMeeting ... FOMC Holds Rates Steady Amidst Elevated Uncertainty The Federal Open Market Committee (FOMC) concluded its latest meeting today, June 18, 2025, maintaining the federal funds rate at 4.25%-4.50%. This decision marks the third consecutive hold by the US central bank in 2025, signaling a continued "wait-and-see" approach. Minutes from previous meetings indicated growing uncertainty among policymakers regarding the economic outlook, particularly concerning the impact of ongoing trade policies. While the labor market remains robust, projections for GDP growth have been revised downwards, and inflation expectations adjusted upwards. The FOMC emphasized its commitment to both price stability and maximum employment, noting that risks to both mandates have risen. Markets are now keenly watching for clues on the timing of potential rate cuts, with September being a widely anticipated month for a move.