USDC News Today

Gate News message, April 24 — Bermuda Bay ZK introduced a zero-knowledge privacy solution that embeds confidentiality features directly into blockchain infrastructure, including wallets, stablecoins, liquidity pools, and DeFi protocols. Unlike traditional approaches relying on separate privacy

Gate News message, April 24 — OSL Group (HKEX: 863), a global stablecoin payment and trading platform, announced a partnership with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL) on April 22 to expand USDC access across its payment and trading platforms. Through OSL Global, users can conv

OSL integrates USDC for 1:1 conversions, trading pairs, and unified margin use across crypto and fiat markets. Partnership adds tokenized assets like USYC, linking traditional finance products with blockchain-based liquidity tools. Circle introduces native USDC bridging, enabling secure c

RedotPay adds SUI and USDC-Sui, allowing 7M users to transact globally across 130M merchants in over 100 countries. Native USDC support on Sui improves efficiency, removing reliance on bridged tokens and enabling near-instant settlement. Integration links blockchain payments with

Institutional access to digital dollar liquidity is growing as cross-border settlement demand rises and stablecoins gain a larger role in market infrastructure. OSL Group and Circle are expanding USDC use across trading, payments, and settlement in Asia. Key Takeaways: OSL Group expanded USDC acc

Gate News message, April 23 — According to monitoring data from Hyperinsight and Coinglass, CHIP led all assets in liquidations over the past hour with approximately $1.2 million in liquidated positions, primarily long positions. On the Hyperliquid platform, a single address was liquidated twice ove

Pornhub swapped creator payouts from USDT to USDC, citing reliability and MiCA compliance; older USDT-PayPal ties and TronLink-based partnerships have been removed. Abstract: Pornhub replaced USDT payouts with USDC for creators, arguing USDC is more reliable and MiCA-compliant. The move ends PayPal-USDT ties and TronLink-based payment infrastructure, and those partnerships were removed from the creator payment page.

Summary: Circle proposes an emergency Aave V3 USDC overhaul, lifting Slope 2 to ~40% to restore healthy utilization (target ~85%), with max rate rising to ~48%, arguing borrowers ignore rates; also suggests pausing the USDC risk oracle. Abstract: Circle has urged an emergency overhaul of Aave V3's USDC pool after four days at near-6% idle liquidity and 99.87% utilization following the KelpDAO exploit. The plan would immediately raise Slope 2 for USDC deposits from about 10% to 40%, followed by governance ratification of a 50% target within a week. The aim is to attract supply and restore balanced utilization, with a move to a higher max supply rate (about 48%) at full utilization. Liao argues current borrowers use USDC borrowing as a queue-bypass mechanism and are insensitive to current rates, making supply-focused incentives essential. The proposal also recommends pausing the USDC Risk Oracle due to past underperformance. Circle’s stance is notable because a stablecoin issuer is essentially saying the market for its asset on Aave is broken.

Summary: USDC Treasury minted 200M USDC on Ethereum at 22:00 UTC; worth about $199.9M, per Whale Alert. Abstract: A Gate News update reports that the USDC Treasury minted 200 million USDC on the Ethereum network at 22:00 UTC, with Whale Alert corroborating the mint. The new supply is valued at roughly $199.9 million, illustrating a substantial increase in USDC issuance.

RedotPay now supports SUI and USDC-Sui on the Sui network, enabling faster global payments for 130M merchants and 7M customers, with scalable cross-border transactions bridging crypto and commerce. Abstract: RedotPay has added support for SUI and USDC-Sui on the Sui network, enabling seamless payment processing and global payouts across its ecosystem. Serving more than 130 million merchants in over 100 countries and about 7 million customers, the platform aims to offer faster, more scalable cross-border payments and broader blockchain-enabled financial access. By integrating SUI and USDC-Sui, RedotPay seeks to simplify sending and receiving payments worldwide while ensuring secure, efficient transactions that bridge digital assets with real-world commerce.

Gate News message, April 22 — According to Onchain Lens, a whale deposited 2 million USDC to Hyperliquid and purchased 50,080 HYPE at an average price of $39.94 per token.

The Volo within the Sui ecosystem posted a statement on the X platform, confirming that a security vulnerability occurred, resulting in about $3.5 million in assets being stolen from three specific vaults, involving WBTC, XAUm, and USDC. Volo said it notified the Sui Foundation and ecosystem partners immediately after detecting the attack, freezing all vaults to prevent further losses; Volo pledged to cover all losses and would not allow users to bear any responsibility.

Gate News message, April 21 — The Bank for International Payments (BIS) has reiterated concerns about stablecoins, with Managing Director Pablo Hernandez de Cos warning that dollar-denominated stablecoins such as USDT and USDC are fundamentally riskier than commonly perceived. Cos stated that

Gate News message, a newly created wallet address "0xEbE" deposited $10 million USDC into HyperLiquid and opened a 63,000 BRENTOIL short position with 20x leverage. Another wallet "0x9D3", linked to the same whale, holds 20x short positions of 250,000 BRENTOIL (valued at $22.5 million) and 210,000 C

RedotPay has integrated SUI and USDC-Sui, allowing users to spend tokens and transfer funds in local fiat across 100+ countries. With 7 million users and $10 billion in annual payments, RedotPay is already profitable. The integration highlights fintech's shift towards blockchain solutions for international transactions.

Justin Sun withdrew 55.01 million USDC from a major CEX and deposited it into the Spark protocol, totaling $179 million in deposits since Aave's bad debt incident, highlighting Spark's growing liquidity.

Singapore Gulf Bank has launched USDC minting and redemption services on the Solana network for institutional clients, enhancing transaction efficiency and addressing challenges in transferring large sums between traditional and crypto markets.

SGB enables instant USDC minting and redemption on Solana, improving cross-border payments with real-time settlement. Service targets institutions, removing intermediaries and supporting 24/7 liquidity and treasury management. Expansion plans include more stablecoins and retail access, li