Circle Burns $51M in USDC on Solana, Cutting Circulating Supply

Published at 2025-12-29 11:15:07

Circle’s USDC Treasury executed a burn of roughly 51 million USDC on the Solana blockchain on Dec. 29, according to Whale Alert. The move is part of the Treasury’s ongoing program to adjust and manage USDC circulation; the transaction was processed on-chain and removed the tokens from supply rather than moving them between addresses.

While $51 million is a modest amount relative to USDC’s multi-billion dollar market-wide supply, the burn can tighten local liquidity on Solana and may influence SOL/USDC liquidity pools and on-chain trading depth. Market impact is likely limited for the broader dollar-pegged market, but on-chain observers and traders will watch stablecoin flows and subsequent burns or mints for signs of tighter supply or changes in Circle’s reserve operations.

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The SEC has postponed its decision on Canary Capital’s PENGU ETF, which would offer exposure to the Solana-based PENGU token and Pudgy Penguins NFTs. The delay keeps regulatory uncertainty alive for hybrid crypto-NFT products and their investors.

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Published at 2026-01-08 12:15:07

Barclays Backs Ubyx to Build Tokenised Deposits and Stablecoin Infrastructure

Barclays has formed a strategic partnership with Ubyx to develop tokenised deposits, regulated stablecoin rails and clearing infrastructure focused on interoperability for digital assets.

BarclaysInteroperabilityStablecoinClearingTokenisationUbyx

Published at 2026-01-07 21:15:08

Wyoming Unveils FRNT, First State-Issued Blockchain Stablecoin

Wyoming has launched FRNT (Frontier Stable Token), becoming the first U.S. state to issue and back a blockchain-based stablecoin under the Wyoming Stable Token Act. The token appears with tickers FRNT and STABLE.

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Published at 2026-01-07 20:30:09

Solana Overtakes Ethereum as Top Tokenized Stocks Platform

Solana has surpassed Ethereum to become the largest chain for tokenized stocks by total market capitalization. The shift reflects rising issuance and trading activity on Solana, aided by lower fees and faster settlement.

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Published at 2026-01-07 16:00:14

JPMorgan Eyes Canton Network for Next Phase of JPM Coin

JPMorgan’s Kinexys unit is preparing to launch a U.S. dollar deposit token natively on the Canton Network, extending JPM Coin beyond its current infrastructure. The move aims to boost interoperability and institutional tokenization while preserving bank-grade controls.