USDC in the spotlight: latest news

Uphold has announced the launch of XRP loans in December, enabling users to borrow against their XRP and other digital assets conveniently.

The market capitalization of the USDC stablecoin increased significantly from $43 billion to $74 billion, outpacing the slower growth of USDT. This surge is attributed to trends in compliance and greater institutional adoption.

Kalshi has introduced native support for USDC deposits on Base, which is an Ethereum layer-2 network. This enhancement expands Kalshi's capabilities for handling crypto deposits.

Kalshi has introduced native support for USDC deposits on the Base network, expanding its deposit options beyond Ethereum, Sui, and other platforms.

USDC has surpassed USDT in on-chain activity as regulatory clarity encourages investors to favor transparent and compliant stablecoins.

JPMorgan reported that the market capitalization of Circle's USDC stablecoin has increased by 72% since January, reaching $74 billion, significantly surpassing Tether's USDT, which grew by only 32%.

In the latest episode of CNBC Crypto World, major cryptocurrencies have seen a decline in trading following comments from Federal Reserve Chair Jay Powell, indicating that the central bank might not lower interest rates.

Starting October 27, 2025, users will be able to use their BTC holdings as collateral to borrow USDT or USDC through MEXC Loans, with interest rates beginning at 5% APR. MEXC Loans offers a flexible lending service for users.

Western Union has selected the Solana blockchain to enable a stablecoin-based remittance service, indicating potential growth for USDC.

Visa plans to introduce support for four stablecoins on four distinct blockchains, as the company aims to enhance its presence in the cryptocurrency market.

MEXC Loans has announced that users can now use Bitcoin (BTC) as collateral to borrow USDT or USDC.

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.