usdc

The Bank for International Settlements (BIS) published a working paper titled "Are Stablecoins and Bank Deposits Substitutes?" The study is based on weekly data from the United States from January 2019 to June 2025. After controlling for factors such as Bitcoin prices, government bond yields, and financial market conditions, it was found that the rise in bank deposit rates is associated with a slowdown in the growth rate of stablecoin market capitalization.According to the benchmark model estimates, a 1 basis point (0.01 percentage point) increase in the average deposit rate corresponds to a reduction of about 3 percentage points in the cumulative growth rate of stablecoin market capitalization over the following ten weeks, from an average level of approximately 15% to around 12%, rather than a decline in market capitalization. The response of USDC is stronger than that of USDT.The authors note that the study cannot conclude that the total amount of bank deposits or lending decreases, and the sample only covers one cycle of high interest rates. The views in the paper belong to the authors and do not necessarily represent the position of the BIS or its member central banks.

A representative from the Solana Foundation stated that the U.S. "GENIUS Act" provides regulatory impetus for businesses and financial institutions to enter the stablecoin space, and is also one of the important background factors for Samsung's launch of stablecoin payment services.Samsung has announced that it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the U.S., covering approximately 82 million devices. Users can transfer dollar stablecoins to compatible crypto wallets within seconds, without incurring transfer fees; they can also remit to eligible bank accounts in over 60 countries and regions. This service will utilize the Solana and Sui networks as the underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services, and Coinbase Prime acting as the secondary custodian responsible for ensuring the security of USDC assets.

According to Whale Alert monitoring, at 10:05 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana network.

On October 16, Circle announced that in the first half of 2026, the on-chain settlement amount of USDC exceeded $36 trillion, and Circle minted and redeemed over $315 billion of USDC during the same period, averaging about $1.7 billion per day. The company stated that as of June, USDC accounted for approximately 77% of the global stablecoin trading volume, an increase from 60% a year ago.More attention from the market is focused on the income distribution of USDC. Circle disclosed that the company generated approximately $1.4 billion in revenue in the first half of the year, of which about $819 million was allocated to USDC distribution partners and transaction costs, accounting for about 59% of the revenue; another approximately $473 million was invested in licensing, banking partnerships, settlement liquidity, compliance systems, product development, and multi-chain deployment, accounting for about 34%. According to the announcement, for every $1 of revenue Circle earns, it ultimately retains only about 7 cents in net profit.This announcement may be in response to market concerns regarding "the monopolization of reserve income by stablecoin issuers." Circle stated that partners can share corresponding reserve income by holding and expanding their USDC balances on their platforms; currently, more than 150 trading platforms, wallets, banks, fintech companies, payment platforms, and enterprises have formed economic interests tied to the growth of USDC. Circle also mentioned that Binance signed a five-year commercial agreement with it in September and invested $100 million in Circle.On the product side, Circle announced the expansion of its free redemption mechanism: all Circle customers can still redeem USDC for free through traditional banking channels, with the funds typically arriving within two business days; customers who make payments through the Circle Payments Network or use eligible products such as Arc, Circle Mint, and Circle Wallets will be able to enjoy free, near-real-time redemption capabilities.

According to Whale Alert monitoring, Circle has minted 250 million USDC on Solana.

According to CoinDesk, stablecoin issuer Circle plans to expand into about 50 emerging and developing markets to meet the growing demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East. The circulation of USDC is approximately $73.3 billion, accounting for about a quarter of the stablecoin market; USDT's market share is close to 60%, higher than USDC.Circle acquired Tazapay for $400 million, launched the new Arc blockchain, and received approval for a federal trust bank license, which is expected to support its market expansion; a clearer regulatory environment is driving the adoption of stablecoins.

Singapore Gulf Bank (SGB) announced that personal customers can conduct two-way exchanges between USD and USDT, USDC through the mobile banking app, without the need to transfer funds to a cryptocurrency exchange.Customers can hold USDT, USDC, and other fiat currencies in the same bank account, and the service supports 24-hour exchanges from Monday to Friday. Singapore Gulf Bank was initiated by the Singapore Huangpu Group.

The tokenized US stock collateral lending platform Spout announced the completion of a $2 million strategic round of financing, with investors including Draper Dragon, Anchorage, Flow Traders, Taisu Ventures, Vessel VC, Solayer Labs, 2Square Capital, Bering Waters, Solana Labs, Solana co-founder Toly, former CFTC chairman Chris Giancarlo, and others participating.According to the product mechanism announced by Spout, users can collateralize tokenized US stocks to borrow USDC at a fixed loan-to-value ratio of 50%, with no interest charged to borrowers during the loan period. The income earned by lenders comes from the premiums generated by selling covered call options on the aforementioned collateral weekly, rather than from the interest rate paid by borrowers.

According to The Defiant, the on-chain insurance protocol Firelight based on the Flare network announced on October 15 that its on-chain insurance has launched the Protected Strategies USDC vault for Kraken DeFi Earn, providing a collateral-backed compensation mechanism for specific protocol failures.The independent manager of the vault, Sentora, insures the vault rather than Kraken itself. Depositors do not need to actively choose to participate, but the insurance comes with conditions: Kraken discloses that the compensation limit for each deposit address during each insurance period is $100,000, and the total compensation amount is also constrained by the overall vault limit and available capital. Compensation is issued by Sentora in USDC to eligible wallets, and Kraken does not provide funds or guarantees.Firelight lists six types of failures that are eligible for compensation: smart contract vulnerabilities, oracle failures, governance attacks, and bad debts, depegging, or redemption failures caused by protocol mechanism failures. Insurance only applies to markets and positions recorded during the insurance period. Normal fluctuations, normal liquidations, depegging that operates as designed during redemption, and withdrawal delays caused by high organic utilization are excluded; insider theft, stolen private keys, phishing, and regulatory actions are also not covered.The trigger conditions for redemption failure are if the insured position cannot be withdrawn for more than 72 consecutive hours, or if the amount returned after deducting disclosed fees is less than 90% of fair value. Compensation does not require depositors to file claims themselves, as it is determined by a five-member risk committee through a three-fifths majority vote.On-chain records show that the insurance scale marked as "Kraken DeFi Protected" is $30.5 million.

According to EmberCN monitoring, PUMP has dropped 16% in the past 24 hours, and one address may be the driving force behind the decline. This address sold 1.264 billion PUMP in a single transaction on-chain about 7 hours ago, exchanging it for 5.483 million USDC, with an average transaction price of approximately $0.0043.Due to the large one-time sell-off, this transaction incurred about 5% slippage loss. Ember estimates that if the order had been split into multiple transactions, it could theoretically have cashed out about $5.78 million; this direct sale only obtained $5.48 million, resulting in a loss of about $300,000.

According to on-chain data platform SolanaFloor, Circle minted approximately 750 million USDC on the Solana network in the past 24 hours.

The decentralized trading protocol Uniswap announced that the VolatilePair Hook has been launched on the Ethereum mainnet, with the first trading pair being ETH/USDC. This is a dynamic fee Hook for liquidity providers in Uniswap v4, where fees adjust according to market fluctuations.Uniswap stated that this year, the trading volume of volatile trading pairs on Uniswap exceeded $50 billion. Unlike stablecoin trading pairs, these assets do not have a fixed price, and liquidity providers under static fees will bear the price changes not covered by the fees. This Hook recalculates the buy and sell rates separately for each exchange based on recent price changes, maintaining competitive spreads.When the pool price rises, the buying cost is higher and the selling cost is lower; when the price falls, the direction of the fees is reversed. After significant price changes, trades that drive price retractions will pay temporary fees. Pool parameters and fee logic can be upgraded through Uniswap governance without the need to migrate liquidity pools. The StablePair Hook, launched in September, introduced dynamic fees for stablecoin trading pairs, achieving a trading volume of $3.1 billion within four weeks. The VolatilePair Hook is part of the Hooks launched by Uniswap Labs, along with StablePair, Permissioned Pools, and LitePSM.

A certain whale/institution sold 237.8 BTC in the past day, exchanged it for 19.7 million USDC, and then bought 7929 ETH. In the past 4 days, this entity has sold a total of 1312.1 BTC, exchanged it for 109.1 million USDC, and then bought 43275 ETH.

Whale Alert posted on the X platform that USDC Treasury minted 250 million USDC on the Solana network at 00:50, worth approximately 250 million USD.Solscan data shows that the minting was executed by Circle, and the transaction has been confirmed successfully.

The decentralized trading protocol Uniswap has launched an ETH/USDC trading pool, which uses a separated fee mechanism for buying and selling, applying different fee standards for buy and sell transactions.This pool is implemented through the VolatilePair Hook, which will charge temporary fees on trades that reverse significant price fluctuations, aiming to retain more arbitrage value for liquidity providers.

According to a report by The Block, Standard Chartered Bank has postponed its prediction for the stablecoin market to reach a scale of $2 trillion from 2028 to 2030. Geoffrey Kendrick, the bank's global head of digital asset research, stated that the $2 trillion scale estimate remains unchanged, but he believes the market will need an additional two years to reach it. Over the past 12 months, the supply of stablecoins has remained in the range of $300 billion to $320 billion, currently around $309 billion. Kendrick believes this slowdown is cyclical rather than structural, as it occurs during a period of weak activity in the cryptocurrency market.Kendrick pointed out that despite the stagnation in supply growth, the use and trading activity of stablecoins continue to rise. The on-chain original transfer amount set a monthly record of $19 trillion in May, with an average monthly scale of nearly $10 trillion this year, higher than the $4 trillion expected in 2025.The monthly average circulation velocity, which measures the number of times each dollar of stablecoin is transferred, has doubled this year to about 30 times, compared to 15 times in 2025, with USDT maintaining around 7 times, while USDC has increased from 45 times to about 80 times. Kendrick stated that the differences stem from different uses, with USDT primarily used for dollar savings in emerging markets, while USDC is more used for payments, financial transactions, and early payments between AI agents.Kendrick expects that competition in stablecoin payments and trading in developed markets will be the most intense, with potential challengers including Open USD, stablecoin infrastructure provider M^0, and the A+ network, which plans to allow banks to issue shared stablecoins and retain reserve earnings.

According to The Defiant, the European Banking Authority has recognized the US dollar stablecoin USDC as the EU's first "significant" electronic money token. Under the arrangement, the financial regulatory responsibilities for USDC will be transferred to the European Banking Authority on November 12.Meanwhile, the French Prudential Supervision and Resolution Authority will continue to be responsible for the governance and other corporate affairs of USDC.

According to PR Newswire, the cryptocurrency payment platform Mesh announced the launch of Link Chat. The company stated that this is an AI-driven product experience within Mesh Link, allowing users to initiate financial operations using natural language.This capability has gone live and is being rolled out to partners, with plans to expand to the Mesh product stack, covering payments and other supported transaction types. Mesh was founded in 2020 and is building a cryptocurrency payment network connecting hundreds of exchanges, wallets, and financial service platforms.According to Mesh, after users make a request, the platform can present eligible accounts and funding sources, including connected accounts and compatible accounts that can be connected. An example intent is to deposit 50 USDC into an account.Users specify the action they intend to take and review and confirm the transaction details, after which Mesh orchestrates the connection between the funding source and the target platform, requiring user approval before the funds move. Relevant uses include transferring funds into accounts, completing payments, or other supported operations.

Recently, the police in Binhai City, Shandong, China received a report from a citizen named Xie, stating that 1,300 USDC stablecoins and NFTs worth tens of thousands of yuan had mysteriously disappeared from his digital wallet. There were no obvious transfer alerts or signs of phishing links in the wallet. The police began an on-chain investigation into the virtual currency transfer records and actively sought cooperation with enterprises to analyze the suspect's account.After extensive work, a major suspect named Chen (30 years old, from Fengyang County, Chuzhou, Anhui) was identified. On October 9, technical police officers went to Fengyang County to arrest him. Upon arrival, Chen initially denied the allegations. However, the police utilized the immutable and traceable characteristics of blockchain evidence to gradually break down his psychological defenses. Chen ultimately confessed to the theft. Chen has now been criminally detained in accordance with the law, and his family has actively compensated the victim for the losses. This case marks the first instance of virtual currency theft in Binhai City.