USDC in the spotlight: latest news

Circle Internet Group's CRCL is concentrating on the development of a USDC-based payment infrastructure, which is anticipated to enhance growth opportunities in the long term.

Circle has introduced its Arc blockchain testnet, collaborating with over 100 companies, including prominent firms like BlackRock, Visa, and Goldman Sachs. This initiative marks a significant advancement in stablecoin infrastructure.

MEXC, a prominent global cryptocurrency exchange, has enhanced its MEXC Loans service by allowing users to use Bitcoin (BTC) as collateral to borrow USDT or USDC.

US Unlocked has officially launched its global platform for virtual credit cards, utilizing USDC stablecoins to facilitate seamless cross-border shopping in the United States.

GoPlus reported a suspected exploit on x402bridge, resulting in losses of $17,000 in USDC for over 200 users. The breach was traced back to a private key leak within the protocol.

Circle Internet Financial Ltd. (NYSE:CRCL) experienced a decline of over 2%, dropping to $133 on Wednesday. However, a recent report suggests that Circle's USDC (CRYPTO: USDC) is outpacing USDT, particularly in light of the Trump-backed GENIUS Act.

GoPlus Security has reported a private key breach in x402bridge, resulting in over 200 users losing a total of $17,693 in USDC just days after the platform's launch.

The 402bridge has suffered a significant loss of over 17,000 USDC due to a leak of its private key, resulting in the compromise of more than a dozen team wallets, both test and main.

A notable whale deposited 2.4 million USDC into Hyperliquid and subsequently acquired 49,233 HYPE tokens, as reported by ChainCatcher's Onchain Lens monitoring.

Machi Big Brother, also known as singer Huang Licheng, has boosted his long exposure to Ethereum (ETH) and HYPE by depositing an additional 220,000 USDC into Hyperliquid.

The 402bridge protocol has suffered a loss of over 17,000 USDC following a leak of its private key, which has also compromised several of the team's test and main wallets.

Machi Big Brother has deposited 220,000 USDC into Hyperliquid, a decentralized exchange that specializes in perpetual futures trading. This move reflects his increased investment in HYPE and ETH long positions.

Tether's USDT and Circle's USDC have both experienced growth during Trump's presidency, with USDC notably showing a larger relative increase in market capitalization.

Circle's CEO Jeremy Allaire announced the successful launch of the yen-pegged stablecoin JPYC in Japan, which has significantly enhanced cryptocurrency trading activities.

USDC and Tether together dominate 90% of the global stablecoin market. For long-term buy-and-hold investors, USDC is considered the superior choice.

A significant development in the cryptocurrency market has occurred with the minting of 250 million USDC. This large injection is expected to influence market dynamics and investor sentiment.

ClearBank and Circle have formed a strategic partnership aimed at enhancing access to USDC and EURC across Europe through compliant digital finance solutions.

In the last three hours, USDC Treasury has minted a total of 750 million USDC across three transactions, as reported by Whale Alert monitoring.

ClearBank has partnered with Circle to introduce USDC and EURC to Europe's banking infrastructure through MiCA-compliant blockchain payments.

USDC and Tether are both priced at $1; however, one of these stablecoins is currently a more advantageous investment.

USDC, a digital stablecoin, presents several advantages that make it a reliable investment option in the changing cryptocurrency landscape.

Circle has launched the public testnet of its Arc blockchain, attracting significant interest from major players in the finance and technology sectors, including BlackRock, HSBC, Visa, AWS, and Anthropic.

Coinbase CEO Brian Armstrong has announced a bold initiative to transition the entire startup lifecycle onto the blockchain, encompassing processes from incorporation to fundraising and public trading.

Remix has teamed up with VeeFriends to host a $5,000 USDC Game Jam, encouraging creators to develop AI-powered games featuring VeeFriends intellectual property. Details on how to participate are available.