87.5 million USDC transferred from unknown wallet to Binance
According to WhaleAlert monitoring, at 18:54:11 Beijing time, 87,500,000 USDC was transferred from an unknown wallet to Binance.
A whale spent 11.55 million USDC to buy 5,189 stETH
According to Spot On Chain monitoring data, Whale 0x900 purchased 5,189 stETH with 11.55 million USDC at an average price of $2,226 in the past 1.5 hours. It is worth noting that the whale received stable coins from the address 0xd39, which is ultimately linked to Alex Amsel.
50 million USDC were destroyed in USDC Treasury
Whale Alert monitoring shows that at 4:42 AM on December 12th Beijing time, 50 million USDC were destroyed in the USDC Treasury, worth $50,039,999.
USDC circulation has decreased by 100 million coins in the past 7 days, and EURC circulation has decreased by 300,000 coins.
According to data from Circle's official website, Circle issued a total of 1.4 billion USDC and redeemed 1.5 billion USDC in the past seven days, reducing the circulation by 100 million. As of December 7th, the total circulation of USDC was 24.3 billion, with a reserve of 24.4 billion US dollars, including 1.7 billion US dollars in cash, and Circle Reserve Fund held 22.7 billion US dollars. In addition, Circle issued 200,000 EURC and redeemed 500,000 EURC in the past seven days, reducing the circulation by 300,000. As of December 7th, the total circulation of EURC was 51.1 million EURC, with a reserve of 51.2 million euros, all in cash.
Circle: The cross-chain transfer protocol CCTP handles funds exceeding 1 billion USDC
On December 8th, Circle, the issuer of the stablecoin USDC, announced that its cross-chain transfer protocol CCTP has processed a fund scale of over 1 billion USDC. Currently, CCTP supports various blockchains such as Ethereum, Avalanche, Wormhole, OP Mainnet, Base, and Noble.
Circle launches USDC and EURC testnet faucet
According to Jinse Finance, Circle Developers announced on X platform that Circle has launched the USDC stablecoin and the EURC stablecoin testnet faucets and completed the testnet deployment to help users and developers better obtain small amounts of test tokens. Users can now use the faucets on each EVM and non-EVM test network that supports USDC and EURC. The testnet tokens are free and currently support blockchains such as Ethereum, Algorand, Arbitrum, Avalanche, Base, Flow, Hedera, Near, Noble, Optimism, Polygon PoS, Solana, Stellar, Tron, and others.
Circle denies illicit financing and ties to Tron founder in open letter to US senators
Circle, the issuer of USDC stablecoin, has denied allegations of illicit financing and connections to Tron founder Justin Sun in an open letter to US senators Elizabeth Warren and Sherrod Brown. The letter, signed by Circle's chief strategy officer and head of public policy, Dante Disparte, dismissed claims made by non-profit watchdog group Campaign for Accountability (CfA) that Circle had ties to Sun and facilitated major flows of funds to Hamas or Hezbollah. Disparte stated that Circle does not finance illicit actors and does not provide financial services to Justin Sun or any entity owned or controlled by him. The allegations against Circle are based on unverified social media posts, and Circle terminated all accounts held by Sun and his affiliated companies in February 2023.
Circle Partners With Investment Giant SBI Holdings Amid Full-Scale Introduction of Stablecoins to Japan
Circle has announced a collaboration with SBI Holdings to introduce its stablecoin USDC and other web3 services into the Japanese market. The partnership will work towards the circulation of USDC and expanding the use of stablecoins in Japan, subject to regulatory approval. SBI will also adopt Circle's web3 services, such as blockchain infrastructure and smart contract management tools. The move comes as Japan prepares for the full-scale introduction of stablecoins, following the revision of a law to establish regulations for dollar-pegged crypto assets.
Circle cross-chain transfer protocol CCTP has been launched on the Noble mainnet
On November 28th, stablecoin developer Circle announced on the X platform that the Cross-Chain Transfer Protocol (CCTP) is now live on the mainnet of the Noble application chain in the Cosmos ecosystem. The Cosmos application chain can combine CCTP with IBC functionality, allowing users of Ethereum and other supported networks to enter the Cosmos ecosystem. The combination of CCTP and IBC will demonstrate programmatic, 1:1 cross-chain transfers with zero slippage functionality.
Crypto institutional lending protocol Maple Finance partners with Circle
Cryptocurrency lending protocol Maple Finance announced a partnership with stablecoin issuer Circle. Circle will provide funding to Maple's collateralized lending pool through its corporate finance department, expanding the use case for USDC.
