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Usdc

All articles tagged with #usdc

Circle Advances Q1 2026 with ARC Token and Agent Stack Momentum
business19 days ago

Circle Advances Q1 2026 with ARC Token and Agent Stack Momentum

Circle reported Q1 2026 revenue and reserve income of $694 million (up 20% YoY), net income from continuing operations of $55 million (down 15%), and adjusted EBITDA of $151 million (up 24%). USDC in circulation reached $77 billion (up 28%) with on-chain transaction volume of $21.5 trillion (up 263%). Reserve income was $653 million and other revenue $42 million; total costs rose, while guidance was reaffirmed. Highlights include a $222 million ARC Token presale at a $3 billion fully diluted valuation, progress on the Arc network and the Agent Stack (Circle CLI, Agent Wallets, Agent Marketplace), continued CPN expansion to $8.3 billion in annualized volume, and the April launch of Managed Payments, underscoring Circle’s push into AI-native, programmable finance.

CLARITY Act tweak preserves stablecoin rewards, lifting Circle shares
business25 days ago

CLARITY Act tweak preserves stablecoin rewards, lifting Circle shares

Lawmakers revised the CLARITY Act to bar crypto firms from offering passive stablecoin yields, reserving such returns for traditional banks, while allowing usage-based rewards tied to activity like trading or staking. The compromise is a win for Circle and Coinbase, with Circle up about 16% and Coinbase more than 7% as markets digest the development; Bitcoin hovered near $79–80k. Banks welcomed the move for reducing deposit flight and enabling regulated digital-asset infrastructure, though smaller platforms reliant on high-yield deposits could face pressure.

Bernstein says Circle selloff may overstate risk as Clarity Act targets distributors, not issuers
markets2 months ago

Bernstein says Circle selloff may overstate risk as Clarity Act targets distributors, not issuers

Bernstein argues the recent Circle stock drop tied to proposed stablecoin rules may be overdone, noting the Clarity Act focuses on distributors of stablecoins rather than issuers. Circle earns revenue from its reserve holdings and does not pay direct yields to token holders, a distinction Bernstein says could actually strengthen Circle’s position. The near-term impact is expected to hit intermediaries like Coinbase, while Bernstein remains bullish on Circle and Coinbase due to long‑term stablecoin adoption.

Bermuda bets on a fully on-chain economy with Coinbase and Circle
policy4 months ago

Bermuda bets on a fully on-chain economy with Coinbase and Circle

Bermuda unveiled a plan, announced at Davos, to transform the island into a fully onchain economy by partnering with Coinbase and Circle to deploy digital asset infrastructure across government, banks, businesses, and consumers. The initiative centers on piloting stablecoin payments (USDC), expanding USDC adoption, and supporting tokenization and digital finance education, with a non-exclusive approach that could attract additional technology partners while lowering costs and broadening access to global finance.

Circle maps a programmable internet of money in its 2026 financial-system report
business4 months ago

Circle maps a programmable internet of money in its 2026 financial-system report

Circle’s 2026 Internet Financial System report argues that regulated, full-reserve digital dollars and open internet-native money protocols will become the backbone of a global, programmable economy, with USDC and Circle at the center as public blockchains evolve into trusted platforms for trillions in value, enabling broader digital-asset markets, global payments, humanitarian finance, and on-chain infrastructure under converging regulatory foundations.

Coinbase Under Senate Spotlight Over Stablecoin Rewards
business4 months ago

Coinbase Under Senate Spotlight Over Stablecoin Rewards

Coinbase is watching a major crypto bill advance toward Senate review, with the central issue being whether platforms can continue offering rewards on stablecoin holdings. Coinbase views those rewards as a core part of its business and may resist strict limits, while some lawmakers want rules that could restrict rewards to banks. Stablecoin rewards underpin a meaningful revenue stream tied to USDC reserves, with about 3.5% yields on certain holdings and Bloomberg data projecting roughly $1.3 billion in stablecoin-related revenue for 2025. Wall Street currently signals a Moderate Buy on COIN with an average target of $361.63, implying about 50% upside.

Hyperliquid's USDH Stablecoin Challenges USDC's $6B Dominance
cryptocurrency8 months ago

Hyperliquid's USDH Stablecoin Challenges USDC's $6B Dominance

Native Markets won the bid for Hyperliquid's USDH stablecoin ticker, beating competitors like Paxos and Ethena, in a significant on-chain governance vote. The launch of USDH challenges USDC's dominance, although USDC remains heavily backed with nearly $6 billion in reserves. The move has caused some market ripple effects, including a decline in Circle's stock and HYPE token prices.

Crypto Heist: $908K Lost in Sophisticated Scam
technology10 months ago

Crypto Heist: $908K Lost in Sophisticated Scam

A crypto user lost $908,551 in a sophisticated phishing scam 15 months after unknowingly signing a malicious approval transaction, with the attacker patiently waiting until the wallet held significant funds before executing the theft. The incident highlights the importance of regularly reviewing and revoking old token approvals to prevent such attacks.

Wall Street Divided on Circle's Future Amid High Valuation Concerns
business11 months ago

Wall Street Divided on Circle's Future Amid High Valuation Concerns

Needham's top analyst, John Todaro, has initiated coverage on Circle Internet (CRCL) with a Buy rating and a new price target of $250, citing the rapid growth of stablecoins, especially USDC, and the passing of the GENIUS Act as key catalysts. Todaro highlights Circle's strong market position, compliance advantages, and high-margin potential, predicting significant market share gains and a 50% CAGR for USDC through 2028. Despite a moderate consensus rating of Moderate Buy, the stock shows promising upside potential.

Circle Seeks U.S. Bank Charter Following IPO Success
business11 months ago

Circle Seeks U.S. Bank Charter Following IPO Success

Circle Internet Group has applied for a national trust bank charter to integrate stablecoins into traditional finance, aiming to establish the First National Digital Currency Bank, N.A., which would also offer custody services for assets like stocks and bonds on a blockchain. This move follows a successful IPO and aligns with recent U.S. regulatory developments, potentially strengthening the USDC stablecoin infrastructure and the U.S. dollar's resilience.

Wall Street Analysts Show Mixed Views on Circle Post-IPO
business11 months ago

Wall Street Analysts Show Mixed Views on Circle Post-IPO

Wall Street analysts have given mixed ratings to Circle Internet Group following its IPO, with some seeing strong growth potential in stablecoins like USDC, which could disrupt traditional financial services and bolster demand for U.S. treasuries. The stock has surged since its IPO, but analysts advise caution due to valuation concerns and regulatory uncertainties.