Private blockchain networks raise $1B+; Coinbase becomes USDC treasury deployer on Hyperliquid with $5.4B stablecoin supply

Private blockchain networks Arc, Canton, and Tempo collectively raised over $1 billion this week, pushing their combined valuations close to $10 billion. These networks focus on privacy and compliance, addressing institutional needs for secure, non-public transactions. Meanwhile, Coinbase was appointed as the official USDC treasury deployer on the Hyperliquid network, where stablecoin supply has grown to $5.43 billion, reflecting a 14% increase over 90 days. This move highlights the growing integration of regulated stablecoins into both private and public crypto infrastructures, supported by clearer regulations like the U.S. Genius Act of 2025.