USDC in the spotlight: latest news

Circle has updated its USDC policy to permit legal firearm purchases, citing compliance with federal regulations in light of ongoing stablecoin regulatory reforms.

Decentralized crypto lending platform Compound has restarted withdrawals from two of its three stablecoin markets after a temporary pause.

In a significant development, 252 million USDC has been burned, raising questions about its implications for cryptocurrency stability. This event has sparked discussions among investors and analysts regarding its potential impact on the market dynamics.

SuiLend announced on X that the Elixir team has fully repaid all USDC debts. Additionally, the withdrawal function for the previously isolated lending market has been restored.

The address "1011short" has deposited around 20 million USDC into HyperLiquid, as reported by ChainCatcher and monitored by Lookonchain. This move is aimed at increasing long positions in Bitcoin and Ethereum.

Eligible users in the Balkans can participate in the Autumn Trade Fest by depositing, trading, and utilizing the Earn feature to share a reward pool of 13,500 USDC in token vouchers.

Gauntlet, a DeFi research and risk management firm, has submitted a proposal on the Compound forum recommending the urgent suspension of the USDC, USDS, and USDT lending markets on Ethereum.

Bitget has joined the Circle Alliance Program to accelerate the global on-chain economy using $USDC.

Binance Pool is inviting both new and existing miners in the Middle East and North Africa (MENA) and Commonwealth of Independent States (CIS) regions to participate in a promotion that offers a total of 2,500 USDC in rewards.

A new wallet has been created that deposited 2.5 million USDC into Hyperliquid and opened leveraged long positions in several cryptocurrencies, as reported by Foresight News and monitored by Lookonchain.

Circle, the issuer of the USDC stablecoin, has revised its terms of service to permit legal firearm purchases using USDC. This change marks a reversal of a previous policy that prohibited such transactions.

Circle has announced the latest recipients of its Developer Grants, emphasizing that the initiative is designed to provide more than just financial assistance. The USDC stablecoin issuer stated that these grants serve as a launchpad for innovative projects.

Circle has revised its policy regarding one of its tokens to clarify the rules surrounding prohibited transactions. The update specifically addresses the use of legally purchased weapons with USDC.

Binance has announced the addition of two new trading pairs focused on privacy altcoins, aimed at enhancing trading options in the spot market.

Apex Fusion has introduced USDC liquidity to Cardano (ADA) through its integration with Stargate, enhancing the offerings of this established programmable blockchain within the Web3 ecosystem.

"7 Siblings" has borrowed 40 million USDC from Aave V3 to capitalize on the dip in Ethereum prices, acquiring 10,861 ETH.

Polygon (POL) and USD Coin (USDC) are positioned to be key players in promoting stability and innovation within the rapidly evolving cryptocurrency landscape.

A newly created wallet has deposited 7.9 million USDC into HyperLiquid and established a 5x leveraged long position on ZEC, as reported by Jinse Finance and monitored by Onchain Lens.

Global exchange Binance has introduced two new trading pairs in its spot market: DASH/USDC and ZEC/USDC.

Apex Fusion, a multi-layer Web3 ecosystem that connects UTxO and EVM networks, has announced a significant integration with Stargate, the leading omnichain, to bring USDC liquidity to Cardano.

A whale has deposited 3.5 million USDC into HyperLiquid and opened 20x leveraged short positions on both Bitcoin and Ethereum, as reported by Jinse Finance through Onchain Lens monitoring.

Apex Fusion has successfully integrated Stargate to introduce native USDC to the Cardano network, enabling real stablecoin liquidity and enhancing decentralized finance (DeFi) opportunities.

Apex Fusion, a multi-layer Web3 ecosystem that connects UTxO and EVM networks, has announced its integration with Stargate to enhance USDC liquidity on the Cardano platform.

On-chain analyst Yu Jin reported that a significant investor, known as whale 7 Siblings, recently spent 8.15 million USDC to acquire 2,210 ETH on Bitget.

A significant transfer of 265 million USDC has recently raised eyebrows in the cryptocurrency community. This massive movement of funds has sparked curiosity and speculation among investors and analysts alike.