USDC | Crypto

The company updated its terms to prohibit the purchase or sale of weapons “in contravention of applicable laws,” suggesting that legally permissible transactions were possible. Stablecoin issuer Circle updated its policy for one of its tokens to clarify rules around prohibited transactions, explicitly addressing the use of legally obtained firearms and weapons. Crypto sleuths and reports from this week noted that Circle had updated its terms for its USDC (USDC) stablecoin. The terms specifically stated that the platform had the “right to monitor and, if appropriate, block or otherwise prevent transactions” related to the purchase of firearms, ammunition, explosives and other weapons. However, users noted that Circle had updated the terms to include weapons “in contravention of applicable laws,” suggesting that US-based users and others could legally purchase firearms using the stablecoin. Read more

JPMorgan sees Coinbase unlocking billions through its Base layer-2 network and USDC rewards overhaul, lifting its price target and fueling a sharp stock rally. Shares of Coinbase Global Inc. (COIN) rallied sharply on Friday after JPMorgan Chase upgraded the cryptocurrency exchange, highlighting new monetization opportunities tied to its Base network and USDC payout strategy. The bank’s analysts lifted their rating to “Overweight” from “Neutral” and raised their price target to $404 per share, implying roughly 15% upside from current levels. JPMorgan said Coinbase is “leaning into” its Base layer-2 blockchain and exploring ways to better capture value from the platform’s growth.  Read more

JPMorgan sees Coinbase unlocking billions through its Base layer-2 network and USDC rewards overhaul, lifting its price target and fueling a sharp stock rally. Shares of Coinbase Global Inc. (COIN) rallied sharply on Friday after JPMorgan Chase upgraded the cryptocurrency exchange, highlighting new monetization opportunities tied to its Base network and USDC payout strategy. The bank’s analysts lifted their rating to “Overweight” from “Neutral” and raised their price target to $404 per share, implying roughly 15% upside from current levels. JPMorgan said Coinbase is “leaning into” its Base layer-2 blockchain and exploring ways to better capture value from the platform’s growth.  Read more

JPMorgan sees Coinbase unlocking billions through its Base layer-2 network and USDC rewards overhaul, lifting its price target and fueling a sharp stock rally. Shares of Coinbase Global Inc. (COIN) rallied sharply on Friday after JPMorgan Chase upgraded the cryptocurrency exchange, highlighting new monetization opportunities tied to its Base network and USDC payout strategy. The bank’s analysts lifted their rating to “Overweight” from “Neutral” and raised their price target to $404 per share, implying roughly 15% upside from current levels. JPMorgan said Coinbase is “leaning into” its Base layer-2 blockchain and exploring ways to better capture value from the platform’s growth.  Read more

Despite dominating stablecoin inflows, Tether’s USDt and Circle’s USDC have slowly lost market share, signaling the end of the “stablecoin duopoly.” Tether’s USDt and Circle’s USDC, the two largest stablecoins by market capitalization, have slowly lost market share in the past year, suggesting a major shift in the stablecoin landscape. Despite Tether’s USDt (USDT) and Circle’s USDC (USDC) steadily increasing their market caps, the stablecoins have lost more than 5% of their combined market share since Oct. 2, 2024, according to data from DefiLlama and CoinGecko. Nic Carter, industry analyst and Castle Island Ventures partner, took to X on Wednesday to address the decline of USDT and USDC dominance in a post titled “The stablecoin duopoly is ending.” Read more

The crypto exchange integrates Morpho lending into its app, letting USDC users tap DeFi yields of up to 10.8%. Coinbase is rolling out a new way for users to earn yields on their USDC holdings, marking one of the exchange’s first large-scale integrations with decentralized finance (DeFi) at a time of accelerating stablecoin adoption. The company announced Thursday that it is integrating the Morpho lending protocol, with vaults curated by DeFi advisory company Steakhouse Financial, directly into the Coinbase app. The move will allow users to lend USDC (USDC) without navigating third-party DeFi platforms or wallets. Coinbase already pays up to 4.5% APY in rewards for holding USDC on its platform. With the new DeFi lending option, however, users can tap into onchain markets and potentially earn yields of up to 10.8% as of Wednesday, according to Coinbase. Read more

Circle is now a HYPE holder, has introduced native USDC to Hyperliquid and is considering becoming a network validator. Stablecoin issuer Circle is expanding into Hyperliquid with an investment and the launch of native USD Coin on the protocol, as stablecoin competition on the network intensifies. According to a Tuesday announcement, Circle is now a stakeholder in the Hyperliquid ecosystem, directly holding its native cryptocurrency Hyperliquid (HYPE). Circle is also considering becoming a validator for the protocol. The company, which went public on June 5, is behind the USDC (USDC) stablecoin, a digital asset redeemable 1:1 for US dollars. The token will be natively deployed on HyperEVM, Hyperliquid’s smart contract layer. Read more

Stablecoin issuer Circle appears set to deepen its role in decentralized finance by preparing a native launch of USD Coin (USDC) on Hyperliquid’s Layer 1 chain, HyperEVM. On Sept. 12, blockchain researcher MLM Blockchain flagged test transactions involving USDC on HyperEVM’s mainnet, suggesting that a native deployment could roll out in the coming weeks. Adding […] The post Circle eyes deeper ties with Hyperliquid through potential native USDC launch appeared first on CryptoSlate.

Circle is embedding USDC into global payment networks as part of a broader push spanning Africa, Asia, Europe and the Middle East. Circle has unveiled two partnerships to embed stablecoins settlement into mainstream finance. New deals with Mastercard and Finastra aim to expand USD Coin's role to merchants and banks worldwide. Mastercard said on Wednesday that it will enable acquirers and merchants in Eastern Europe, the Middle East and Africa (EEMEA) to settle transactions in USDC (USDC) and Euro Coin (EURC). Arab Financial Services and Eazy Financial Services will be the first to adopt the service, marking the first stablecoin settlement available through Mastercard in the region. Finastra, a London-based financial software provider, also announced on Wednesday the integration of USDC into its Global PAYplus platform, which is said to processes more than $5 trillion in cross-border transactions daily. Read more

Circle and financial software giant Finastra announced Wednesday a partnership to integrate USDC stablecoin settlement into the backbone of global banking infrastructure, a move aimed at modernizing cross-border payments long plagued by high costs and delays. The collaboration will connect Finastra’s Global PAYplus (GPP) platform, which processes more than $5 trillion in daily cross-border transactions, […] The post Circle partners with Finastra to expand USDC’s role in cross border payments appeared first on CryptoSlate.

Goldman Sachs has outlined a stablecoin outlook in which USDC has grown on legislation and partnerships, projecting another $77B by 2027. As the GENIUS Act has set reserve standards, officials have said stablecoins could lift Treasury demand while USDT’s lead faces compliance pressures. The post Goldman Sachs Bombshell: ‘Trillions’ to Flood the Stablecoin Market – Is USDC Set to Explode? appeared first on Cryptonews.

Circle has launched a unified cross-chain infrastructure that enables businesses to access USDC balances across multiple blockchains. An Aug. 19 announcement labeled the new product as Gateway, a system that addresses liquidity fragmentation issues that force companies to pre-position funds across chains and manage complex rebalancing operations. Gateway combines smart contract infrastructure with an off-chain […] The post Circle’s new Gateway promises instant cross-chain USDC transfers that feel like one chain appeared first on CryptoSlate.

Coinbase has revived its fund to boost USDC liquidity in DeFi, starting with supporting the stablecoin on Aave, Morpho, Kamino, and Jupiter. Coinbase is relaunching its Stablecoin Bootstrap Fund first introduced in 2019 to boost the liquidity of the stablecoin USDC in a range of popular and emerging decentralized finance protocols. Coinbase said on Tuesday its first placements will provide USDC (USDC) liquidity into Ethereum-based lenders Aave and Morpho, and Solana-based trading platforms Kamino and Jupiter. “As we scale the fund over time and distribute liquidity across more protocols and stablecoins, we’re particularly eager to collaborate with pre-launch teams or those seeking to drive stablecoin growth from day one,” it added. Read more

Coinbase launched a second Stablecoin Bootstrap Fund to provide additional liquidity for the DeFi ecosystem via USDC. According to an Aug. 12 announcement, the initiative will target protocols across multiple blockchains, starting with Aave, Morpho, Kamino, and Jupiter. Coinbase also invited protocols seeking liquidity to reach out to the exchange.  The fund represents Coinbase’s renewed commitment […] The post Coinbase facilitates DeFi funding via USDC amid $40.7B active loan record appeared first on CryptoSlate.

USDC issuer Circle introduced its layer-1 blockchain, Arc, and said its Q2 revenue and reserve income increased 53% year-over-year. Circle, a publicly traded US company and the issuer of USDC stablecoin, said it will launch a layer-1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM) later this year. The company released its second-quarter results on Tuesday and announced the introduction of Arc, a new network designed to offer an “enterprise-grade foundation” for stablecoin payments, foreign exchange and capital markets applications. Expected to launch in public testnet, Circle’s Arc will feature USDC (USDC) as its native gas token, enabling users to pay transaction fees with the stablecoin. Read more

Coinbase unveiled a developer-focused wallet that automatically activates 4.1% rewards on USDC balances. Called Coinbase Developer Platform (CDP) Embedded Wallets, the product is part of and is aimed at giving builders the same secure, scalable infrastructure that powers millions of Coinbase accounts, according to an August 5 announcement. CDP Embedded Wallets support Ethereum Virtual Machine […] The post Coinbase debuts developer wallet with automatic 4.1% USDC rewards, notes regulatory clarity appeared first on CryptoSlate.

USDe’s market cap surged from approximately $5.33 billion on July 17 to over $9.3 billion by August 4, marking a nearly 75% increase and propelling it into the number three slot among all stablecoins, behind only USDT and USDC. The sudden rise has positioned Ethena’s synthetic dollar among top-tier stablecoins while also raising questions about […] The post Ethena’s $9.5B USDe could now challenge USDC’s number 2 spot by 2027 appeared first on CryptoSlate.

World Liberty Financial ETH holdings have increased; its total holdings are now 77,226 ETH, valued at about $296 million, with an approximate unrealized profit of $41.7 million. The post Trump’s World Liberty Financial Dumps $1M USDC for 256.75 ETH appeared first on Cryptonews.

Crypto prediction market Polymarket is considering launching its own stablecoin to gain control over the interest-bearing reserves currently backing USDC deposits on its platform, CoinDesk reported, citing sources familiar with the matter. The deliberations reflect a broader industry trend as platforms seek to internalize stablecoin-related revenue, particularly in closed ecosystems. The source told the news […] The post Polymarket mulls own stablecoin for efficient use of USDC reserves appeared first on CryptoSlate.

Ant Group is reportedly working with Circle to integrate USDC into its blockchain platform once the stablecoin achieves regulatory compliance. Jack Ma-backed Ant Group is reportedly working with USDC issuer Circle to bring the stablecoin to its blockchain, according to a Bloomberg report published Thursday, citing anonymous sources. The report said Ant Group plans to incorporate USDC (USDC) into its blockchain after the stablecoin becomes compliant in the US. The timeline for the integration is unknown. The news follows recent reports that Circle has applied to establish a national trust bank in the US that, among other responsibilities, would oversee the firm’s USDC reserve on behalf of its US issuer. The US Senate also passed the stablecoin regulation bill, the GENIUS Act, in mid-June, which would provide legal clarity for stablecoin issuers. Read more