USDC in the spotlight: latest news

The "1011 Insider Whale" has deposited 20 million USDC into Hyperliquid to prevent liquidation amid a market downturn, where it is currently facing an unrealized loss of 83.4 million USD. This information comes from Onchain Lens monitoring on January 26.

Bitcoin OG has deposited around $20 million USDC into Hyperliquid to prevent liquidation, as reported by Odaily and monitored by Onchain Lens. This action comes amid a market downturn, with the total unrealized losses now reaching approximately $83.4 million.

ZachXBT, an on-chain detective, raised concerns about Circle's management of security incidents in a recent post on X. He emphasized that history has shown the risks associated with centralization in the USDC ecosystem.

A hack of SwapNet Base has resulted in a loss of $16.8 million, which includes $10.5 million in USDC. Of this amount, $3 million is still subject to freezing. Circle is facing criticism for its perceived inaction and the security risks associated with its stablecoin.

Circle is under fire for allowing over $3 million in stolen USDC to remain unfrozen in a primary theft address on Basescan.

Circle is facing significant backlash from the crypto security community following the theft of over $3 million in USDC, which has not yet been frozen.

Bitwise has partnered with Morpho to launch an onchain vault, aiming to offer yields of up to 6% on USDC. This move reflects the increasing interest from institutions in onchain capital allocation.

Wealthy investors are increasingly using their crypto assets to access credit for luxury purchases, such as yacht renovations and vacations in Cannes. For instance, an investor with a high-value home in Switzerland and a beachfront property in Miami can leverage these assets to secure loans, allowing them to finance their extravagant lifestyle while capitalizing on the appreciating value of their investments.

In the cryptocurrency market, strategic positioning often yields greater rewards than mere patience. As fear subsides and confidence re-emerges, investors are increasingly looking for promising opportunities. LivLive has emerged as a potential early-stage crypto investment, especially as Cardano undergoes consolidation.

Garrett Jin, the agent of "1011 Insider Whale," stated on X that Ethereum is poised to become the primary settlement layer for global capital markets. He predicts that 2026 will mark the "Year of Real World Assets" as the trend of de-dollarization continues and the debt cycle extends.

South Korean exchanges are increasingly focusing on United States dollar-pegged stablecoins in response to foreign exchange volatility. Industry officials indicate that this trend is a strategic move to mitigate risks associated with fluctuating currency values.

The Digital Asset Market Clarity Act, commonly referred to as the CLARITY Act, aims to clearly define the boundaries of crypto assets and determine the appropriate regulatory authority for them.

Cryptocurrency exchanges are increasing their marketing focus on dollar-pegged stablecoins due to a surge in demand driven by growing foreign exchange volatility.

Tokenized US Treasuries have surpassed a total value of $10 billion this week, marking a significant transition from being merely a proof-of-concept to becoming fully operational.

The USDC Treasury has burned 50 million USDC on the Ethereum blockchain, as reported by ChainCatcher. This transaction was confirmed by whale monitoring data just five minutes ago.

USD Coin (USDC) and PayPal USD (PYUSD) are both pegged to the U.S. dollar at a 1:1 ratio, ensuring they maintain their value without the expectation of appreciation. Circle's USDC is specifically designed for the cryptocurrency ecosystem, while PYUSD aims to integrate with PayPal's payment services.

USDC and PYUSD are both pegged at a 1:1 ratio to the U.S. dollar and are intended to maintain their value rather than increase in worth. Circle's USDC is tailored for the cryptocurrency community.

A recent ban on stablecoin interest has raised concerns about potential capital flight from U.S. markets. This development has prompted fears among investors and market analysts regarding the stability and attractiveness of U.S. financial systems.

Bermuda has teamed up with Coinbase and Circle to establish what it claims is the world's first fully on-chain national economy.

Investing in a stablecoin is not the objective; rather, it is about utilizing one. Both USD Coin (USDC) and PayPal USD (PYUSD) are pegged to the U.S. dollar, allowing users to maintain a stable value in their transactions.

A significant investor moved their assets into tokenized gold this week, resulting in a decline in Bitcoin prices. Meanwhile, a large buyer purchased millions in XAUT, indicating a growing preference for gold among major investors.

A significant transfer of $300 million USDC from an unknown wallet to Binance has drawn attention in the market. Analysts are exploring the implications of this transaction and its potential impact on the cryptocurrency landscape.

Proposed restrictions on stablecoin yields under the US CLARITY Act may lead to capital fleeing regulated markets and moving towards offshore, unregulated financial instruments.

Circle's USDC, launched in 2018, now boasts a market capitalization of $73.7 billion, securing a 24% share of the global stablecoin market.

According to official data, the circulating supply of USDC decreased by roughly 1.4 billion in the week ending January 21. During this period, Circle issued approximately 4.8 billion USDC while redeeming around 6.2 billion.