Circle minted over $10.5 billion worth of USDC on the Solana blockchain within a month, marking a record surge in stablecoin issuance. This surge underscores Solana's growing role as a high-throughput platform for stablecoin transactions and DeFi, with February stablecoin settlement volumes on Solana surpassing Ethereum for the first time. The rapid minting reflects strong demand from exchanges, DeFi protocols, and payment platforms, though it also raises concerns about liquidity concentration and systemic risk if Solana faces technical or regulatory issues. Circle's multi-chain strategy aims to provide fast, low-cost dollar liquidity where needed, positioning Solana as a key player in the evolving crypto ecosystem.
JPMorgan has raised concerns that HyperliquidX's rapid expansion and large USDC holdings could undermine the economic model of Circle's USDC stablecoin. HyperliquidX, a decentralized perpetual exchange, has amassed over $5 billion in USDC and is shif...
Starknet introduced STRK20, a privacy framework on its Ethereum Layer-2 network that shields ERC-20 token balances and transactions using encrypted notes and zero-knowledge proofs. This system allows private transfers and swaps without separate priva...
Bitcoin is expected to hold above $56,000 on July 13, supported by upcoming June CPI inflation data and major bank earnings reports. Circle received final approval from the U.S. Office of the Comptroller of the Currency for its national trust bank, a...
Circle has minted $250 million worth of USD Coin (USDC) on the Solana blockchain, increasing the stablecoin's liquidity on Solana by more than 10% in a single transaction. This move is part of a larger trend with nearly $1 billion USDC introduced to ...
Solana's blockchain network is rapidly expanding, adding an average of 8.4 million new addresses weekly and processing a record 10.1 billion transactions in Q1 2026. This growth highlights Solana's increasing adoption and positions it ahead of Ethere...
