USDC in the spotlight: latest news

As policymakers in Washington discuss the future of digital asset yields, leading companies are making significant progress in the sector.

Circle has successfully settled $68 million in just 30 minutes using USDC. Companies such as Lisk, Ripple, Coinbase, and Bernstein are leading the way in utilizing stablecoins to replace traditional bank wires in cryptocurrency transactions.

Circle Internet's USDC saw significant growth in the past month, processing over 1 billion transactions and reaching a volume of approximately $5.9 trillion. In comparison, USDT managed 713 million transactions with a volume of $1.1 trillion, despite USDC having a smaller supply of around $80 billion.

The USDC Treasury has minted a total of 500 million USDC through two transactions on the Solana blockchain, as reported by PANews on March 10. Whale Alert monitoring indicated that these transactions occurred at 23:36 and 23:41 Beijing time.

Bernstein analysts predict that shares of Circle (CRCL), the issuer of the USDC stablecoin, may rise to $190, indicating a potential increase of approximately 60% following a recent doubling of the stock's value.

A significant transfer of 350 million USDC from the USDC Treasury to Coinbase has caught the attention of the market. Analysts are examining the potential implications of this transaction for stablecoin liquidity.

Ethereum's price has dipped below $2,000 as USDC activity on the network has increased. The rise in stablecoin transfers is attributed to lower transaction fees, while key support levels remain intact.

South Korea's Financial Services Commission (FSC) is taking steps to limit the use of major US dollar-pegged stablecoins, such as USDT and USDC, by corporations.

Circle has started utilizing its own USDC stablecoin for internal treasury operations, successfully completing $68 million in intercompany settlements across eight transactions within minutes.

Binance has announced a promotion where users can subscribe to Binance Earn products and share a total of 2,000 USDC. However, it's important to note that the products and services mentioned may not be accessible in all regions.

The USDC Treasury has minted 250 million USDC on the Solana blockchain, which is valued at around $25 million, according to Whale monitoring reports.

The stablecoin market capitalization has reached a record high of $313 billion, marking a 1.14% increase over the past week, as reported by DefiLlama.

USDC is experiencing a year-over-year growth of 72%, while USDT is declining. The introduction of the GENIUS Act has significantly impacted stablecoin usage, influencing decisions on trading, yield generation, and long-term storage options.

The USDC treasury has minted approximately 450 million new USDC tokens, indicating a robust demand for stablecoins in the market.

Aon has started accepting USDC and PYUSD stablecoins from Coinbase and Paxos for insurance premium payments.

USDC has become central to a significant change in the stablecoin market, as total stablecoin transfer volume reached a record $1.8 trillion in February.

Machi has deposited $90,188 USDC into the HyperLiquid platform to enhance his 25x leveraged ETH long position, resulting in a loss exceeding $29.9 million.

South Korea's Financial Services Commission (FSC) has announced the lifting of its corporate ban on cryptocurrency purchases, allowing listed companies to buy Bitcoin. However, the agency has imposed strict regulations against the use of stablecoins such as USDT and USDC.

Machi Big Brother has deposited 90,188 USDC into Hyperliquid to increase the margin on his 25x leveraged Ethereum position, as reported by Odaily and monitored by Onchain Lens.

Despite South Korea lifting a nine-year ban on its listed companies from investing in digital assets, stablecoins such as USDC will remain prohibited.

Circle announced that it completed an internal transfer of $68 million using its USDC stablecoin, with the transaction settled in less than 30 minutes, as stated by CEO Jeremy Allaire.

In February, USDC recorded a remarkable $1.26 trillion in transfers, surpassing Tether by $750 billion. This surge contributed to an all-time high in stablecoin transaction volume, which totaled $1.8 trillion.

South Korea is considering excluding USDT and USDC from its corporate cryptocurrency investment regulations due to potential conflicts with foreign exchange laws, according to regulatory authorities.

South Korea is considering a ban on USD-based stablecoins, particularly Tether's USDT and Circle's USDC, as part of its forthcoming regulations for corporate cryptocurrency trading.

Circle CEO Jeremy Allaire announced on X that the company has started utilizing its own platform for internal fund settlements, which were previously conducted through wire transfers. He also mentioned plans to expand the use of USDC to more enterprises in the future.