USDC is a fully collateralized US dollar stablecoin designed to maintain a 1:1 peg with the U.S. dollar. Issued by Circle and originally developed through the CENTRE consortium, it serves as a bridge between traditional fiat currency and digital asset markets, allowing users to move dollar-equivalent value across blockchain networks and cryptocurrency exchanges. The token operates across a broad multi-chain footprint, with native issuance and support on ecosystems including Ethereum, Solana, Base, Polygon, Arbitrum, Optimism, Avalanche, Aptos, Sui, Stellar, XRP Ledger, Hedera, NEAR, Tron, Celo, zkSync, StarkNet, and many others, making it one of the most widely deployed stablecoins in the industry. It is categorized as a fiat-backed stablecoin, with reserves held in cash and short-dated U.S. Treasuries and subject to regular third-party attestations. USDC is also recognized as MiCA-compliant, aligning it with the European Union's regulatory framework for crypto-asset markets, and is issued by a U.S.-based company. Its primary use case is providing a stable, dollar-denominated on-chain asset for trading, payments, lending, remittances, and decentralized finance applications.
The bank says client assets were unaffected and some stolen funds were blocked, while the final loss figure remains unconfirmed.
The large conversion puts a notable amount of wrapped staked Ether into the market, though the transaction alone does not establish the seller’s motive or its price impact.
The bank has not confirmed its final loss or a crypto link; Bitquery traced $108.8M in USDC withdrawals but could not connect them to Arkéa.
250M $USDC (250.2M USD) has been minted at the USDC Treasury.
250M $USDC (250.1M USD) has been minted at the USDC Treasury.
159.8M $USDC (≈159.8M) moved from unknown wallet to #Binance.
The declines followed a $10.8B 30-day stablecoin market contraction, but falling token prices can lower TVL without funds leaving protocols.
250M $USDC (250.1M USD) has been minted at the USDC Treasury.
Higher USDC activity and Arc presale revenue lifted adjusted EBITDA, while Circle also moved to expand its cross-border payments reach.
USDC transaction volume jumped 49% to $13.9T, while falling reserve returns and ARC presale revenue shaped the quarter's earnings mix.
The rally follows THORChain's return to cross-chain trading, even as swaps into bitcoin and ether make the stolen funds harder for issuers to freeze.
USDC transaction volume reached $13.9T, while Arc’s private token presale contributed $182M in revenue; Circle also disclosed a 5% workforce reduction.
USDC circulation grew 8% year over year, while Circle also reported a 5% workforce reduction and a planned Tazapay acquisition.
Composability lets protocols build on one another, but it also means failures in code, pricing data or collateral can spread across connected applications.
Per-call pricing on Base gives agents a way to access schedules across 400 cities without buying event data in bulk.
The reported loss remains unconfirmed in size, but Crypto.com says it blocked linked funds while investigators trace withdrawals across major exchanges.
The alleged loss spans multiple days and may exceed $133 million, raising questions about how quickly the funds could have been frozen.
The reported losses involve funds withdrawn from centralized exchanges and moved across multiple blockchains, with USDC and USDT swapped into ETH and XMR.
250M $USDC (250.1M USD) has been minted at the USDC Treasury.
250M $USDC (250.1M USD) has been minted at the USDC Treasury.
Where Zipp's editorial desk has weighed in on this token.
A $70M hardware-wallet drain lands the same week Treasury and the Senate try to cage the asset in policy. Bitcoin's macro thesis gets tested on two fronts at once.
One regulator hands Circle a charter and a senator invokes Satoshi to move a market-structure bill, while a hardware-wallet bug quietly rewrites the cost of self-custody.
A 9-3 hawkish split, a stalled Clarity Act, and a near-record low July for Bitcoin ETFs reveal which jurisdictions are quietly eating US lunch.
Consensus priced in a dovish pivot and got three dissents instead. The regime gap between risk-on equities and stalled BTC is where the next move is hiding.
Bitcoin sits near $64K while a $38M wallet exploit, a fading CLARITY Act, and a stubborn Fed crowd out every bullish headline.
Morgan Stanley's staking ETP launch lands on the same day the CLARITY Act hits a Senate wall, and the tape is forced to choose which story matters more.
USDC is a fully collateralized US dollar stablecoin.
USDC (USDC) is categorised as: Aptos Ecosystem, Base Native, Injective Ecosystem.
The official USDC site is https://www.circle.com/en/usdc.
Most recent USDC coverage: "Crédit Mutuel Arkéa Confirms Cyberattack After $133M Loss Estimate" — read at /en-US/a/credit-mutuel-arkea-confirms-cyberattack-after-133m-loss.
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