In Q1 2024, stablecoin supply reached a record $315 billion, growing by $8 billion despite a weakening crypto market. USDC supply increased by $2 billion, while USDT declined by $3 billion, marking a notable divergence between the two major stablecoins. Stablecoins dominated 75% of crypto trading volume, driven largely by automated bot activity, which accounted for 76% of transactions, while retail transfers fell 16%. This shift highlights stablecoins' role as a defensive asset and liquidity layer amid changing market conditions, with growing institutional and algorithmic participation.
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...
