Circle minted $5 billion worth of USDC stablecoins in the week ending August 26, 2026, marking the largest weekly issuance since early 2026. This surge increased USDC's market cap to about $73.88 billion, reflecting strong institutional interest in on-chain dollar liquidity. Much of the minting activity occurred on the Solana blockchain, including a single $250 million mint and a $1 billion mint within 24 hours. The rise in minting coincided with Circle becoming the technical provider for Hyperliquid's $5 billion USDC reserve, highlighting growing institutional adoption. However, net supply growth was moderated by redemptions, so the actual circulating supply increase was less than the gross minting amount.
Ethereum's stablecoin market cap increased by $116.1 million in 24 hours, reaching about $162 billion and controlling roughly 54.5% of the global stablecoin market. This dominance far exceeds competitors like Tron and Solana, with Ethereum hosting ne...
LuLu Financial Holdings has achieved a 25-30% reduction in its cross-border settlement costs by using USDC, a digital currency, instead of traditional correspondent banking methods. This operational cost saving is significant for the global remittanc...
A group of 12 wallets deposited 36 million USDC into Hyperliquid within 24 hours, using about $24 million to buy 282,090 HYPE tokens at an average price of $81.50 each. The cluster now holds and stakes approximately 4.679 million HYPE, valued around ...
Cryptocurrency prices are fluctuating with Bitcoin trading around $78,338, slightly down by 0.40%. Ethereum and Binance Coin show small gains, while several altcoins such as XRP, ADA, and SOL experience notable declines, some exceeding 3%. These mixe...
In 2026, while the overall stablecoin market shrank, Tron’s stablecoin supply rose to a record $89.2 billion, driven mainly by USDT which makes up 98.5% of its stablecoins. Tron now holds 28.7% of the total stablecoin market and hosts $87.9 billion i...
