USDC News Today

CRCL stock price rose about 10% on March 9, with a total increase of 87.18% over the past month. Mizuho Bank analysts pointed out that this surge was driven by Middle East geopolitical conflicts leading to high oil prices, which boosted inflation expectations and increased the earnings of stablecoin issuers. Another analysis suggests that the stock price increase was mainly due to short covering. Valuation analysis indicates that CRCL's current stock price is above its intrinsic value, posing a risk of overvaluation.

Circle's stock price surged 87% in a single month due to the impact of the US-Iran conflict. Analysts have pointed out that its stock is overvalued, and the discounted cash flow model shows an intrinsic value of $42.25. The current stock price of $111.84 is 164.7% higher. The price-to-sales ratio also emphasizes that the stock is overvalued, indicating a high risk of overestimation.

Gate News Announcement: On March 10,, EDGE Chain added support for USDC. Users can use USDC in edgeX and other applications within the EDGE ecosystem. Previously, Circle announced that Circle Ventures had completed a strategic investment in edgeX and reached a deep cooperation. After the relevant conditions are met, Circle plans to integrate the native USDC and its cross-chain transfer protocol CCTP into EDGE Chain.

Gate News bot message, within the past 24 hours, a whale deposited $2.6M USDC into HyperLiquid and opened CL and BRENTOIL short positions with 7x leverage. The whale currently holds a floating profit of over $1.5M.

On March 10th, Bloomberg reported that due to escalating conflicts in the Middle East, the 24-hour trading volume of perpetual contracts tracking WTI crude oil on the Hyperliquid platform exceeded $1.2 billion, making it the second-largest market after Bitcoin. The contract price briefly rose to $107 per barrel, with $75 million in short positions liquidated, indicating the market's sensitive reaction to the Iran situation.

Gate News Report, March 9 — According to Whale Alert monitoring, the USDC Treasury issued an additional 250 million USDC on the Solana chain on March 9, valued at approximately $250 million.

Aon completes the first stablecoin insurance premium payment pilot, utilizing stablecoin technology to improve capital flow efficiency. The pilot collaborates with crypto exchanges and stablecoin issuers to demonstrate flexibility across multiple blockchains, aiming to evaluate the application of regulated stablecoins in insurance services.

As tensions in the Middle East escalate, oil prices have surged significantly. The G7 finance ministers are discussing releasing emergency oil reserves to ease market pressure. Oil prices are influenced by multiple factors, and concerns about supply shortages are intensifying. The crypto market's demand for crude oil trading remains strong. If the reserves are released in a timely manner, it could temporarily alleviate supply and demand tensions, but uncertainties in the situation still remain.

Circle Internet Group announced the completion of $68 million in internal settlements through the stablecoin USDC and its own infrastructure Circle Mint in less than 30 minutes. This demonstrates the high efficiency of stablecoins in corporate financial management, especially in cash flow, auditability, and settlement speed, ushering in a new era of real-time fund management.

The Korea Financial Services Commission plans to impose stricter restrictions on corporate use of stablecoins, including banning the purchase of stablecoins pegged to the US dollar. This policy will significantly impact corporate crypto investments and cross-border payments, although some companies hope for more relaxed policies to reduce exchange rate risk. Regulators favor handling international settlements through the traditional banking system and are developing new policy frameworks.

The Korean Financial Services Commission plans to introduce the "Corporate Virtual Asset Trading Guidelines," allowing listed companies and professional corporations to invest in Bitcoin and Ethereum, but excluding stablecoins such as USDT and USDC due to legal conflicts and foreign exchange risk concerns. Companies with strong demand for stablecoins can hold them through overseas channels, creating a gray area. The Korean government is also pushing forward with amendments to digital asset laws and exploring the possibility of a Korean won stablecoin.

Gate News bot message, a whale has deposited $7.75 million USDC into HyperLiquid and opened an ETH long position with 2x leverage. According to the report, this whale has previously generated over $11.8 million in profits across multiple positions.

On March 9th, according to Onchain Lens monitoring, an on-chain address deposited $1 million USDC into the decentralized exchange HyperLiquid, opening WTI crude oil futures long positions and Brent crude oil futures short positions with 20x leverage, and has accumulated profits of over $94.8 million on the platform.

South Korea's financial regulatory authorities plan to lift restrictions on corporate investments in crypto assets, but stablecoins like $USDT and $USDC will be excluded mainly due to foreign exchange regulations and capital outflow concerns. Although there is corporate demand for stablecoins, regulators worry that this move could increase speculative risks. Under current laws that have not been amended, the use of stablecoins remains uncertain.

Kalshi and Polymarket are in talks for a new funding round of $20 billion, with a significant increase in valuation. Kalshi's valuation has risen from $11 billion to approximately $20 billion, an increase of 82%; Polymarket's valuation has increased from $9 billion to approximately $20 billion, a rise of 122%. Prediction markets have grown rapidly over the past two years, driven by major elections and sporting events, and are facing regulatory impacts from the CFTC. The long-term outlook remains bullish.

Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a

Circle used USD Coin to settle $68M across eight entities in under 30 minutes via its Circle Mint treasury platform. The stablecoin workflow replaced bank wires that usually take one to three days, enabling faster intercompany treasury settlements. Circle Mint maintained treasury

Gate News reports that on March 8th, according to data from the Allium website, the number of stablecoin transactions in February reached 1.8 trillion, setting a new monthly record. Among them, USDC transactions accounted for 70% of the total market data, approximately 1.26 trillion, about twice the number of USDT transactions; USDT transactions were approximately 514 billion.

Gate News Report, March 8 — Circle Global Market Head Peter Schroeder cited Enterprise Onchain data showing that over the past nine months, AI agents have completed 140 million payments with a total transaction volume of $43 million. Among these, 98.6% of transactions were settled in USDC, with an average transaction amount of $0.31. Currently, the number of AI agents with purchasing power has exceeded 400,000.