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 brokerage already clears or custodies about 94% of tokenized U.S. stocks, making the raise a bid to own the settlement layer before Coinbase and Kraken close in.
The payments network is going direct: a stablecoin rail built into the Visa stack, not a one-off bank partnership, brings digital-dollar settlement to the existing merchant base.
267.7M $USDC (≈267.8M) moved from Coinbase Institutional to #Coinbase.
Card rails keep the macro layer, stablecoins take the micro tier, and Visa expects hybrid agentic flows rather than a winner-take-all shift on either rail.
The size of the deposit relative to the open position signals either a large directional bet on a thin altcoin or a wallet preparing for staged adds into a soft tape.
The attacker converted the full haul into 12,084 ETH at ~$1,966 and routed most of it through Tornado Cash, the laundering pattern that keeps drawing OFAC's attention.
188M $USDC (≈188M) moved from Unknown Whale 1 to #Aave.
106.5M $USDC (≈106.5M) moved from #Kraken to unknown wallet.
188M $USDC (≈188M) moved from #Aave to Unknown Whale 1.
250M $USDC (250M USD) has been minted at the USDC Treasury.
250M $USDC (250M USD) has been minted at the USDC Treasury.
103.7M $USDC (≈103.7M) moved from #Kraken to unknown wallet.
The attacker weaponized a registered forwarder and future-dated oracle reports to mint artificial trading profits, draining the OLP Vault before the team froze trading.
June alone took $1.4B off Binance's books and 19% off its tracked USDC balance, yet OKX failed to absorb the flow and Bybit was the only venue that grew.
The attacker used Ostium's own Gelato-run price automation against it, forging future-dated oracle reads to extract an $18M USDC payout. It is the second major oracle hit in a week.
Sony's exploration is real and may sit inside a gaming payments story, but the leap from 'stablecoin plans' to a PlayStation product is still ahead of any announced integration.
The consortium stablecoin's reserve-yield sharing model strikes at the core of Circle's economics, and arrives weeks before Coinbase's revenue-sharing renewal could reset the terms.
Tether had put $800M into Heka's arbitrage strategy and waived minting fees, a relationship that only became public when Circle's arbitration filing unsealed it in Boston federal court.
Circle's $1.4B distribution bill to Coinbase in 2025, up from $924.5M a year earlier, shows why growing USDC no longer means growing Circle's take: platforms holding the users now capture the bulk of…
The x402 Foundation's 40-member roster reads like a who's who of payments, but the headline metric is a 32-cent average payment: proof stablecoin rails can serve machine-to-machine traffic no card…
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.
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.
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.
Wall Street's biggest names just put crypto rails inside the wealth stack. Read through the macro fog to see where the multi-year adoption arc actually bent today.
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: "Alpaca raises $135M to scale tokenized U.S. equities infrastructure" — read at /en-US/a/alpaca-raises-135m-to-scale-tokenized-us-equities.
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