USDC Leads July Stablecoin Transfers With $3.6T
The split may reflect USDC's stronger institutional and payment-settlement position, backed by EU MiCA authorization and integrations with Visa and Mastercard.
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 split may reflect USDC's stronger institutional and payment-settlement position, backed by EU MiCA authorization and integrations with Visa and Mastercard.
The real threat is not AI failing to drive activity, it's that activity lands on bank and fintech rails, with fees flowing to stablecoin issuers and L2s rather than to base-layer token holders.
Shay's new full-reserve Wyoming SPDI N3XT ships actual dollars on programmable rails just as the $290B stablecoin market moves past pure crypto trading use cases.
Coinbase sits on both sides of a slow stablecoin contest, while USDC’s liquidity and distribution moat remains the key barrier to a rapid shift.
Coinbase's role gives Open USD added weight, while Circle defends USDC's liquidity and distribution moat.
The $4.5B cumulative total underscores crypto cards' growing role in everyday payments, with USDT gaining share while USDC remains dominant.
With more than 50M users, Cash App is widening a mainstream crypto gateway while MoonPay provides the asset and wallet infrastructure.
FOMC minutes could reset rate-cut bets for September, while EU operators face an Aug. 23 deadline to halt transactions with 14 named crypto-asset service platforms.
The scam fits a pattern: crypto security nonprofit SEAL blocked 356 malicious Google ad URLs in April alone, several impersonating Hyperliquid.
The design positions USDC as a settlement rail for autonomous commerce, extending stablecoin utility beyond human-led checkout.
The split points to USDC's stronger role in consumer payment products, where settlement preference matters more than headline supply.
Public blockchains expose too much for institutional money to onboard, but Miden's USDCx combines privacy-by-default with selective audit-friendly disclosure in a USDC-backed stablecoin for the first…
The 50-month MA held as the 2018 floor and gave way by 28% in 2022; layering limit orders below spot and pairing with a recurring DCA is pitched as the patient way in.
The key test is whether swap flow can revive a loan book that has not grown in a year, while collateral suppliers remain exposed to depeg losses.
The partially filled TWAP leaves 300,162 SOL in the target, while 20x leverage makes the position highly sensitive to SOL's next move.
Hyperliquid's Pre-IPO market gets an early demand test, while the 5x structure makes the $264K trade a directional signal rather than proof of broad participation.
The renewal keeps a USDC distribution channel in place as Circle prioritizes reach and adoption over near-term shareholder payouts.
The contraction narrows the liquidity pool used by DeFi lending, trading and crypto payments, making the direction of capital flows the key market signal.
The law the Senate didn't pass this week held LedgerX whole through FTX. With 50+ firms tokenizing on rails the US hasn't codified, the gap between activity and law is the risk.
RedotPay now serves 8M users and processes $14B in annualized card volume on the back of that alleged diversion.
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: "USDC Leads July Stablecoin Transfers With $3.6T" — read at /en-US/a/usdc-leads-july-stablecoin-transfers-with-36t.