Events

Addresses linked to the TRUMP memecoin deployer gradually unwound positions over roughly three weeks, using single-sided liquidity on Solana’s Meteora to swap TRUMP into about $94 million in USDC. Those USDC transfers were sent to Coinbase, renewing speculation the TRUMP Coin project is effectively dead.

A bogus Christmas Eve press release claimed Circle had launched USDC-backed tokenized gold and silver products on a purported 'CircleMetals' platform. Circle denied the report, saying the announcement was fake and that it has no metals-trading or tokenized-metals offering.

Klarna is collaborating with Coinbase to obtain short-term institutional funding in USDC stablecoins, incorporating USDC-denominated liquidity into its treasury and capital base as the company expands and modernizes its funding model.

Visa will offer USDC settlement on Solana across its U.S. payments network, beginning with Cross River Bank and Lead Bank. The initiative seeks to boost settlement efficiency, increase liquidity and modernize treasury functions, with more banking partners to be onboarded through 2026.

Circle has secured a full Money Services Provider license from Abu Dhabi’s FSRA in ADGM, enabling regulated USDC payment and settlement services across the UAE and supporting broader regional adoption as investors take profits after a recent rebound in Circle-related stock.

Bybit and Circle have entered a strategic alliance to broaden USDC’s access, liquidity and use across Bybit’s global platform, embedding the stablecoin into trading, savings and payments while streamlining fiat on/off-ramps and speeding up transaction processing.

Pump.fun is facing renewed scrutiny after on-chain data showed it transferred another $75 million in USDC to Kraken, bringing total deposits since Nov. 15 to $480 million. The moves come amid a 38% drop in PUMP price and mounting allegations of ICO treasury sell-offs and price manipulation.

Pump.fun, a major Solana meme‑coin launch platform, has come under renewed scrutiny after on‑chain records showed more than $436 million in USDC routed through Kraken and Circle since mid‑October. Large withdrawals, slowed official responses and a 24% drop in PUMP’s price have intensified concerns about the project’s finances.

Circle's new xReserve infrastructure enables blockchains to mint their own USDC-backed interoperable stablecoins by using USDC as a shared collateral layer. The system is intended to boost cross-chain liquidity and reduce reliance on third-party bridges, while further consolidating USDC's role as a core on-chain settlement asset.

Kalshi, the largest U.S. prediction market, has partnered with Coinbase Custody to secure USDC for event-based contracts, enhancing protection and transparency. This collaboration strengthens infrastructure for event-based trading and aligns with Coinbase's mission to promote economic freedom by adopting institutional standards for funds management.

Circle's third-quarter performance exceeded expectations, with soaring profits and USDC circulation surpassing $73 billion. The company also advanced the Arc blockchain network, boosting its market position and hinting at a potential native token.

Visa is launching a pilot program enabling direct stablecoin payouts in USDC to crypto wallets, targeting creators and gig workers, with the goal of enhancing cross-border payments and tapping into the $500 billion creator economy.

Circle, the stablecoin issuer, reversed its policy to permit lawful firearm purchases with USDC, aligning with legal regulations. This decision reflects industry advocacy and is influenced by federal regulatory frameworks addressing financial discrimination. Experts suggest this change underscores stablecoins' susceptibility to political influence.

Circle has launched the Arc blockchain testnet, attracting participation from over 100 major institutions like BlackRock, Goldman Sachs, Visa, and Mastercard, to boost on-chain economic activity.

ClearBank partners with Circle to integrate stablecoin payments across Europe, enhancing cross-border transactions through the Circle Payments Network. This strategic move allows ClearBank to issue and redeem USDC and EURC, offering faster, cost-effective remittances and expanding digital finance capabilities.