Coins
USD Coin News Today
Every USD Coin story we summarized, newest first.
3 USD Coin stories in the last 7 days
All crypto news
Chelsea FC gets a stablecoin sponsor after UK FCA warning to clubs
According to Circle, the USDC stablecoin name will appear on the front of club jerseys for Chelsea’s upcoming football season.
Circle strikes Chelsea front-of-shirt sponsorship deal featuring USDC
The shirt design prominently features USDC by Circle on Chelsea's men's, women's, and academy shirts beginning this season.
Circle's USDC takes over Chelsea's jersey in Premier League's first sponsorship deal
Financials were not disclosed, though reports from earlier this year suggested Chelsea was targeting 65 million pounds a year ($88.3 million) for the sponsorship berth.
Bernstein sees new USDC growth cycle, sets $140 Circle price target
USDC supply increased by roughly $2 billion in seven days, with Bernstein citing higher transaction activity and several factors that could support further growth.
Bernstein says Circle’s growth cycle can continue without the Clarity Act, sees 59% upside
Bernstein says Circle can sustain growth without the Clarity Act as USDC supply rebounds and stablecoin volumes continue expanding.
Crypto card spending tops $1 billion as stablecoins move into everyday purchases
Tracked card volume more than tripled in a year, with USDC and USDT funding over 70% of spending as users increasingly paid for groceries, rides and subscriptions.
Centrifuge adds Symbiotic liquidity network across $1.6B in Janus Henderson, NYLIM funds
Symbiotic’s Liquid Lane gives eligible holders immediate USDC liquidity across three Centrifuge funds managed by Janus Henderson and NYLIM.
Cash App's crypto support expands beyond bitcoin and USDC via MoonPay
Eligible Cash App users will be able to use their balances to purchase digital assets offered by MoonPay, which include ether, solana and stablecoin USDT.
Coinbase-Circle USDC collaboration, FOMC minutes, oil price: Crypto Week Ahead
Your look at what's coming in the week starting Aug. 17
Payments platform Decta explores stablecoin-enabled treasury settlement
Decta is exploring the use of stablecoins, specifically USDC, through OpenPayd's infrastructure for international treasury settlement. This move aims to facilitate faster transfers and more efficient liquidity management. By leveraging USDC, Decta can potentially reduce foreign exchange risks and increase settlement speed, benefiting from the growing adoption of stablecoins in cross-border transactions.
Circle expands USDC to OKX ecosystem with X Layer launch
Circle is expanding USDC to the OKX ecosystem with the launch of X Layer, allowing users to access Circle-issued USDC and facilitate crosschain transfers. This integration enables seamless stablecoin transactions across major blockchain ecosystems, further solidifying USDC's position as a leading stablecoin in the crypto market, driving adoption and liquidity.
Circle Q2 revenue falls short of Wall Street estimates
Circle's Q2 revenue totals $701 million, falling short of Wall Street estimates at approximately $713 million. This shortfall indicates a slower-than-expected growth in the stablecoin market, which has been a key driver of Circle's revenue. The missed estimates may impact investor confidence in the company and its digital currency, USDC.
Circle Taps Visa, Mastercard and BlackRock as Validators for September Arc Launch
Circle is tapping Visa, Mastercard, and BlackRock as validators for its September Arc launch, expanding its network security and credibility. Meanwhile, Circle's USDC distribution deal with Coinbase has been renewed on existing terms, maintaining a stable supply of the popular stablecoin.
Circle names BlackRock, DTCC among Arc validators as Q2 revenue hits $701 million
Circle names BlackRock, DTCC, and eight others as validators for its Arc platform, while reporting Q2 revenue of $701 million and USDC circulation reaching $73.3 billion. This move aims to enhance the stability and security of Arc, a decentralized finance platform, as Circle continues to expand its reach in the digital asset market.
Open USD rattled Circle's stock, but its key backers still support USDC
Executives at Coinbase, Visa, and Mastercard reaffirm their support for USDC, despite Open USD's recent market volatility, indicating their backing is not solely tied to a single stablecoin. They plan to support multiple stablecoins, viewing Open USD as an additional payments rail rather than a replacement for USDC, maintaining stability in the crypto ecosystem.
Dinari launches tokenized S&P 500 stocks for US self-custody wallets using USDC
Dinari is launching tokenized S&P 500 stocks for US self-custody wallets using USDC, a move that's generating significant interest from both crypto natives and established firms like JPMorgan and Goldman Sachs, who are exploring tokenized equities. This development could further blur the lines between traditional finance and cryptocurrency, potentially increasing adoption and mainstream recognition.
Circle slides after Morgan Stanley downgrade, cut in price target
Morgan Stanley downgrades Circle, citing potential earnings pressure from tokenized money market funds and slower USDC growth. The bank cuts Circle's price target, which could impact investor confidence and influence its market share. This move may also affect Circle's ability to compete with other stablecoin issuers, potentially impacting the broader digital asset market's stability and adoption.
Circle secures NYDFS trust charter, adding state layer to federal USDC oversight
Circle secures a limited-purpose trust charter from the New York Department of Financial Services for Circle Internet Trust Company, adding a state layer to federal oversight of USDC. This follows final approval from the Office of the Comptroller of the Currency. The charter enhances regulatory compliance and stability for Circle's USDC stablecoin.
Circle Lands New York Trust Charter as Stablecoin Issuer Expands Regulatory Footprint
Circle secures a New York trust charter as a stablecoin issuer, expanding its regulatory footprint weeks after winning federal approval to establish a national trust bank. This adds another license to Circle's growing list of regulatory approvals, further solidifying its position as a leading stablecoin issuer. The move is expected to boost USDC adoption.
Circle secures New York trust charter as crypto regulatory push accelerates
Circle secures New York trust charter, marking a significant regulatory milestone as the crypto industry pushes for mainstream acceptance. This approval enables the USDC issuer to offer fiduciary and custody services under New York banking law, expanding its capabilities and increasing investor confidence in the stability of its stablecoin. The move accelerates Circle's growth.
Visa CEO sidesteps labeling Open USD a challenger to Tether and USDC: ‘Our role is not to pick winners’
Visa CEO is declining to label Open USD a direct challenger to Tether and USDC, stating that their role is not to pick winners. The company will instead focus on supporting multiple stablecoins and blockchain networks, aiming to remain multi-coin and multi-chain. This approach reflects the growing diversity of the stablecoin market and Visa's efforts to adapt to its evolution.
Bernstein cuts Circle price target to $140, says Open USD threat will fade
Bernstein cuts Circle's price target to $140 from $190, maintaining an Outperform rating, and suggests the Open USD threat will dissipate as USDC supply remains near an all-time high. This adjustment reflects evolving market dynamics, with Circle's stability potentially alleviating concerns about the Open USD's impact on the stablecoin market, boosting investor confidence.
Coinbase CEO touts agentic finance as Base tops 100M AI payments
Coinbase CEO Brian Armstrong emphasizes the potential of AI agents in expanding crypto adoption, highlighting Base, USDC, and x402 as key components of agentic finance. He cites Base's milestone of over 100 million AI-powered payments, demonstrating the technology's growing influence. This trend is expected to drive mainstream acceptance of cryptocurrencies and digital assets.
Circle Buys IBM Blockchain Patent Estate—And Becomes America's Biggest Holder
Circle is acquiring nearly 1,000 patents from IBM's blockchain estate, solidifying its position as America's largest patent holder in the space. This strategic move positions Circle to further advance its stablecoin USDC, which has already seen significant adoption. The deal's implications are significant, as Circle now has a substantial intellectual property portfolio.
USDC issuer Circle to acquire nearly 1,000 IBM blockchain patents
Circle is acquiring nearly 1,000 IBM blockchain patents, expanding its intellectual property portfolio. IBM's blockchain portfolio includes over 680 patent families and nearly 1,000 issued patents worldwide, focusing on supply chain applications. This acquisition strengthens Circle's position in the blockchain space, potentially driving innovation in areas like cross-border payments and digital asset settlement.
WEMIX says attacker moved about $724,000 after contract breach
WEMIX is suspending bridges, liquidity-pool trading, and several services after an attacker compromised a WEMIX$-linked contract and moved approximately $724,000 in USDC. The attacker exploited a vulnerability to breach the contract, allowing them to transfer funds. WEMIX is working to rectify the situation, which may impact investor confidence in the platform and the broader DeFi market.
Samsung Wallet Will Add Stablecoin Support, Including USDC
Samsung Wallet is set to add stablecoin support, including Circle's USDC, as showcased in a mockup at Galaxy Unpacked. Although details are scarce, this move indicates a growing adoption of stablecoins in mainstream wallets. The addition of USDC to Samsung Wallet could increase the coin's accessibility and usability, potentially boosting its value and usage in everyday transactions.
Coinbase lets businesses accept USDC payments from AI agents
Coinbase is now allowing businesses to accept USDC payments from AI agents, expanding its services to support autonomous financial transactions. The exchange has also introduced AI trading tools and a developer kit, aiming to build financial infrastructure for AI agents.
Circle partners with Kakao, Toss Bank to explore stablecoin payment rails in South Korea
Circle is partnering with Kakao and Toss Bank to explore blockchain-based payment infrastructure in South Korea. This collaboration aims to establish stablecoin payment rails, leveraging Circle's USDC stablecoin. The partnership will focus on developing a seamless payment experience for consumers and businesses, potentially expanding Circle's global reach and adoption in the region.
Arbitrum-based AFX Trade drained of $24 million after bridge keys compromised
Arbitrum-based AFX Trade is being drained of $24 million after bridge keys were compromised, allowing an attacker to use hot-validator signatures and approve a 24.15 million USDC withdrawal. Security firms are investigating the breach, while Arbitrum assures its native bridge was unaffected. The incident highlights the ongoing risk of vulnerabilities in DeFi bridges.
Kakao taps Circle to explore won stablecoin payment infrastructure
Kakao Group and Circle are signing a Memorandum of Understanding to explore won stablecoin payments, remittances, merchant settlement, and tokenized financial services. This partnership aims to leverage Circle's USDC stablecoin and Kakao's vast user base in South Korea, potentially expanding won-based payment options and increasing financial inclusion for millions of users.
Clarity Act’s impact on Circle could be negative over the long term, Mizuho says
The Clarity Act is advancing towards law, with Republicans releasing its latest text on Wednesday, potentially impacting Circle's long-term prospects negatively, according to Mizuho. This development could have a ripple effect on the stablecoin market, where Circle plays a significant role, particularly with USDC, the second-largest stablecoin by market capitalization, currently valued at around $44 billion.
OKX Europe lets users convert USDT to MiCA-compliant USDC
OKX Europe introduces a feature allowing users to convert USDT to MiCA-compliant USDC, providing a voluntary exit option for European customers. This move comes as MiCA regulations reshape the region's stablecoin market, potentially affecting Tether's USDT dominance. The shift may influence user trust and adoption, impacting the overall market dynamics.
USDT vs USDC: Comparing the Two Largest Stablecoins
USDT and USDC are the two largest stablecoins, each pegged one-to-one to the U.S. dollar, backed by reserves covering every token in circulation. Tether's USDT is the largest, with the deepest liquidity across global exchanges, while Circle's USDC is the second-largest, backed by a publicly traded company with frequent audits, offering transparency and stability in the cryptocurrency market.
Visa launching internal stablecoin platform for clients that provides access to OUSD: report
Visa is launching an internal stablecoin platform for clients, providing access to OUSD, Open Standard's stablecoin. This move is expected to challenge Circle's USDC dominance in the U.S. market, as OUSD gains traction. With Visa's vast client base, OUSD may become a significant competitor, potentially disrupting the stablecoin landscape and increasing competition for USDC's market share.
Ostium pauses trading after apparent $18 million vault exploit
Ostium is currently pausing trading after an apparent $18 million vault exploit, with onchain data revealing the attacker converting stolen USDC into ETH and dispersing the funds across multiple wallets. The attacker's swift actions have likely made recovery challenging, casting a shadow over the platform's security and potentially impacting investor confidence in the DeFi sector.
Open USD poses biggest threat yet to Circle's USDC, CoinShares says
Open USD is poised to pose the biggest threat yet to Circle's USDC, CoinShares warns, as the consortium-backed stablecoin would share reserve income with partners, potentially pressuring Circle's margins if it debuts in 2026, forcing Circle to reevaluate its pricing strategy and potentially impacting USDC's market share in the increasingly competitive stablecoin market.
JCB signs Circle MOU to test stablecoin payments in Japan
JCB is signing a Memorandum of Understanding with Circle to test stablecoin payments in Japan, focusing on USDC for cross-border treasury operations and merchant payments. The partnership aims to leverage regulated stablecoin adoption momentum, which is growing globally. This move could boost digital payments in Japan and contribute to the increasing adoption of stablecoins in the region.
Wall Street turns cautious on Circle as analysts warn USDC economics face mounting pressure
Mizuho downgrades Circle's stock and JPMorgan lowers earnings estimates due to growing concerns over the economics of USDC, a stablecoin that faces mounting pressure. This comes as Circle's USDC faces increased scrutiny, potentially impacting its valuation and stability. Market sentiment shifts as investors reassess Circle's prospects amidst rising regulatory scrutiny and economic uncertainty.
JPMorgan says Hyperliquid's rise threatens Circle's USDC economics
JPMorgan warns that Hyperliquid's deal with Circle and Coinbase creates a "prisoner's dilemma" that threatens Circle's USDC economics, putting pressure on earnings from the dollar-pegged stablecoin. This development may compromise USDC's market share and stability, potentially impacting Circle's revenue. The stablecoin market is closely watched, with implications for the broader crypto ecosystem and investor confidence.