Topic
usdc
19 stories
Circle beat estimates on a one-off token sale — and cut 5% of staff in the footnotes
Circle posted $865 million in Q3 revenue and a 127% earnings beat, but the quarter was lifted by a one-time $182 million ARC token presale even as reserve income fell 8% and the firm cut about 5% of staff.
Coinbase-backed study pegs stablecoin transfers at $400M an hour, mostly after the banks close
A Coinbase and The Block Pro Research study estimates stablecoins moved over $400 million per hour in organic transfers during the third quarter, with 73% of volume settling outside U.S. banking hours.
Circle breaks down its USDC economics as challengers circle, keeping about 7 cents of profit per revenue dollar
Circle disclosed how it splits USDC revenue in a blog post, saying it paid $819 million to distribution partners and transaction costs and reinvested $473 million in the first half of 2026, as new stablecoin rivals challenge its economics.
Visa Direct puts USDC prefunding into production with Inyo Global as first processor
Visa Direct has moved its USDC stablecoin prefunding service into commercial production through processor Inyo Global, letting eligible payment firms fund cross-border payouts around the clock.
EBA tags USDC as the EU's first 'significant' stablecoin, taking over reserve oversight
The European Banking Authority has classified Circle's USDC as the EU's first "significant" e-money token under MiCA, taking over direct supervision of its reserves and liquidity from November 12.
Standard Chartered slips its $2 trillion stablecoin call to 2030 as supply sits flat near $309 billion
Standard Chartered delayed its $2 trillion stablecoin forecast to 2030 from 2028, citing stalled supply growth that has held the market near $309 billion for a year, even as transaction volume climbs.
Samsung Wallet to Add USDC Transfers on Solana for U.S. Galaxy Users
The Solana Foundation says Samsung Wallet and Samsung Pay will let U.S. users send Circle's USDC on Solana starting the last week of October, reaching 82 million Galaxy devices.
Samsung Wallet to add Solana-based USDC remittances for U.S. Galaxy users, Solana says
Solana says Samsung Wallet will let U.S. Galaxy users send cross-border USDC remittances starting the last week of October 2026, across 82 million devices.
MoneyGram puts a stablecoin card in Colombian wallets — and it is careful not to call it a debit card
MoneyGram launched a stablecoin-backed Visa card in Colombia, starting on Circle's USDC with plans to switch to its own MGUSD token, months after quietly shutting down its previous fiat debit card.
Crypto card spending hit $1.04B in July — with 77% of it coming from three platforms
Card spending funded by crypto reached $1.04 billion in July, roughly triple a year earlier, but three platforms account for 77% of the tracked total and the largest one's numbers are self-reported.
Circle Lines Up Visa, Mastercard and BlackRock as Arc Validators, Decrypt Reports
Decrypt reports that Circle has lined up Visa, Mastercard and BlackRock as validators on Arc, its own Layer-1 network, ahead of a September launch, with terms undisclosed.
Circle beats on profit, misses on revenue, and puts Wall Street names on its Arc validator set
Circle beat profit estimates but missed on revenue for Q2 2026, and named BlackRock, DTCC, ICE, Visa and Mastercard as founding validators for its Arc blockchain, which launches Sept. 16.
Bank of Italy: stablecoin remittances cost 0.3% to 9% once you count the off-ramp
A Bank of Italy mystery-shopping study of USDC transfers across 10 corridors found end-to-end costs of 0.3% to nearly 9%, with blockchain fees a negligible share.
Circle picks up a New York trust charter — while the reserve job its federal bank was pitched for stays deferred
Circle said Friday it won a limited-purpose trust charter from New York's financial regulator, three weeks after OCC approval of a national trust bank whose USDC reserve role is deferred.
Circle suspended a Tether-backed arbitrage fund over manipulation fears, unsealed filings show
Arbitration records unsealed in Boston show Circle cut off Heka Funds' USDC minting and redemptions in December 2023 after concluding the Tether-backed arbitrage fund might be manipulating the market; the arbitrator found no breach of contract.
Two Wall Street banks turn on Circle's stablecoin economics — while two others say the fear is overdone
Mizuho cut Circle to underperform with a $50 target and JPMorgan trimmed estimates, both warning that new rival Open USD and richer distributor deals will squeeze USDC's reserve-income economics; Bernstein and William Blair disagree.
Coinbase and Better launch a crypto-backed mortgage — with a lot riding on one company's blog post
Coinbase and lender Better announced a mortgage that lets borrowers pledge Bitcoin or USDC to fund a down payment without selling it, wrapped into a Fannie Mae-backed conforming loan.
Circle Loses Nearly a Fifth of Its Value as a 140-Company Consortium Unveils a Stablecoin That Shares the Yield
Circle shares fell roughly 16–17% to a four-month low below $63 after a 140-company consortium including Stripe, Coinbase, Visa and BlackRock announced Open USD, a yield-sharing stablecoin that is not yet live.
New York Life's asset manager puts a junk-bond fund on-chain with Centrifuge — but not for anyone in the U.S.
New York Life Investment Management tokenized its high-yield corporate bond strategy with Centrifuge, settling in USDC but structuring the fund offshore under Reg S so U.S. investors are excluded.