Coinbase emailed customers on Jan. 6, 2026 that it will stop accepting Circle’s USDC deposits in Argentina as part of a product review. The exchange did not give an end date or immediately clarify impacts on withdrawals or trading of existing USDC balances.
Coinbase has cut direct fiat connections for USDC in Argentina, removing local on-ramps and off-ramps. The move disrupts a key dollar-peg access point for Argentines using stablecoins to hedge triple-digit inflation.
On-chain data shows wallets linked to TRUMP Coin’s deployer transferring about $94 million in USDC to centralized exchanges, fueling speculation the project is collapsing. The alleged sell-off raises concerns about liquidity and investor losses.
Circle’s USDC Treasury destroyed about 51 million USDC on Solana on Dec. 29, further reducing the stablecoin’s circulating supply. Whale Alert flagged the burn as part of Circle’s ongoing supply management efforts.
Circle struck a multi-year deal with Intuit to embed USDC in TurboTax, QuickBooks and Credit Karma, and unveiled USDCx on Stacks via xReserve to seed Bitcoin-focused DeFi.
Coinbase is rolling out a white-label program that lets partners issue their own stablecoins backed by USDC and other collateral types, aiming to lower the technical and compliance burden for startups. The move could expand tokenized payments and asset issuance while drawing regulatory attention.
Visa will let U.S. banks settle transactions in USDC on Solana after a $3.5 billion pilot, with Cross River Bank and Lead Bank among the initial participants. The move signals deeper integration between stablecoins and traditional payment rails.
Circle has acquired the Interop Labs team to accelerate cross‑chain scalability and interoperability, aiming to strengthen infrastructure that supports USDC and broader blockchain connectivity.
JPMorgan issued $50 million of U.S. commercial paper for Galaxy Digital on Solana, with Coinbase and Franklin Templeton among the buyers, and settled issuance and redemptions in USDC instead of bank wires. The bank tokenized the USCP on‑chain, using crypto rails for both issuance and cash settlement.
Coinbase has launched Solana-based DEX trading inside its app, enabling on-chain SOL swaps and USDC payments funded via bank transfers. The feature operates without a traditional custodial layer, routing trades directly on the Solana network.