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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 thesis isn't the quarter — it's the build-out. Retail and institutional derivatives, prediction markets, and a USDC / Base stack are starting to contribute real revenue, and Bernstein is willing…
The letter's real weight is the scale question: if a third-party stablecoin suddenly reaches Meta's 3.5 billion users, the issuer's risk controls, not the integration, become the regulatory…
A $394M net loss, a 5-hour AWS-linked outage, and a $300B Artemis bull case collide in one quarter — Coinbase's transition story just got harder to underwrite.
The roadmap lands in the middle of a 110% monthly ZEC rally and a $600M+ flow into shielded ZEC via Near Intents — adoption is now doing the work the privacy narrative used to do alone.
The structural reality of the USDC distribution deal — half of Circle's profits routed to Coinbase under a perpetual auto-renew — reshapes how investors should price both companies.
The $20K check is small, but the product lands inside a structural shift: incumbents like Jack Henry alumni are now selling banks the rails to run KYC, sanctions and escrow checks directly on…
The first big-cloud / first big-exchange / first big-fintech convergence on agentic payments lands the same week Genius Act-era stablecoin issuance is consolidating around Anchorage — the rails and…
The same attacker hit 1inch Fusion V1 in March and is back via a different vulnerability in TrustedVolumes' resolver — part of a $635M April hack month now bleeding straight into May.
Amazon Bedrock AgentCore Payments is the first managed payment layer purpose-built for autonomous agents — and it routes the first wave of real machine-to-machine volume through stablecoin rails.
Commodity perps are a strategic beachhead for Coinbase Derivatives, signalling intent to apply the perp engine beyond crypto while the US books quietly work toward 24/7 trading.
The headline figure is the 33% YoY usage jump; the 60%-spend-daily stat reframes stablecoins from a trading rail into a consumer payment instrument — the line the sector has been selling for half a…
A Stripe-owned payments executive argues the $260B+ USDT-USDC concentration is a structural drag on the sector — both issuers keep raising burn fees and neither fits every payments use case.
BIS chief Pablo Hernandez de Cos just called global cooperation on stablecoins "critically important" — the language of systemic risk, not investor protection.
Nine months after the GENIUS Act triggered a 49% stablecoin market expansion, the same coalition wants the broader digital asset framework to reach the President's desk before Congress adjourns — the…
Premier David Burt tied a second USDC distribution to next week's Digital Finance Forum, while Coinbase CLO Paul Grewal framed the island's tandem public-private rollout as a working counter-model to…
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.
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.
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.