USD Coin Research Hub | USDC information, history and analysis
Sony Singapore has launched the ability for shoppers to pay using USDC via Crypto.com. This initiative represents Sony’s initial foray into cryptocurrency transactions in the region.
Looking ahead, Sony anticipates broadening its cryptocurrency payment methods, enhancing accessibility for customers. As of now, USDC is the only cryptocurrency supported.
Circle plans to file its IPO paperwork in late April 2025, with a valuation between 4 billion USD and 5 billion USD. This follows a previous confidential filing that was previously abandoned due to market conditions.
The current market cap for Circle’s USDC stablecoin is around 60 billion USD, showing a significant increase of 18% over the last year. CEO Jeremy Allaire highlighted strong financial health as a foundation for transparency and trust following their IPO.
Paolo Ardoino envisions a ‘stablecoin multiverse’ as adoption accelerates. He anticipates significant use of USDT, projecting growth to 1 billion users, leveraging grassroots outreach.
Despite USDC’s impressive rise to a market cap of 60.2 billion USD, USDT maintains leadership in transaction volume at 357.35 billion USD. Fidelity’s market entry signals institutional interest in stablecoins.
USDC’s market capitalization has surpassed 60 billion USD, achieving a significant all-time high. This milestone reflects growing adoption and interest in stablecoins.
USDC has increased its share of the stablecoin market to 25.4%, up from 20.7% just three months ago. However, it still trails Tether, which holds 144 billion USD and approximately 63% of the market.
The evolving regulatory environment, including Europe’s MiCA framework, has been beneficial for USDC, affirming its compliance and strengthening market confidence.
Fidelity is advancing its crypto strategy with the launch of a stablecoin designed for transactions. This initiative is part of a larger move towards asset tokenization, showcasing Fidelity’s ambition to directly rival established stablecoins like USDT and USDC.
The stablecoin market, growing rapidly, is projected to reach 400 billion USD by 2025. Fidelity’s entrance, alongside existing players like Tether and Circle, reflects the increasing competition as traditional finance integrates more into the crypto sector.
Circle’s USDC stablecoin will debut on March 26, 2025, at SBI VC Trade following regulatory endorsement.
The approval was secured from Japan’s Financial Services Agency after extensive negotiations, marking a significant milestone.
Circle intends to extend USDC listings to exchanges like Binance Japan and bitFlyer, aiming to improve financial accessibility in Japan.
Infini has filed a lawsuit in Hong Kong against Chen Shanxuan and three others related to a hack that lost approximately 50 million USD in USDC. The company aims to notify crypto wallet holders about the legal dispute over the stolen funds.
To recover the stolen funds, Infini has promised a 20% bounty, stating legal action will cease if 80% of the assets are returned. The platform monitors IP and device information of the attackers while the hack’s timing is deemed strategic, occurring post-Bybit hack.
GCash, the dominant digital wallet in the Philippines, now supports Circle’s USD Coin (USDC). This allows users to buy, hold, and send USDC seamlessly through the app’s GCrypto platform.
The integration of USDC is anticipated to significantly improve financial inclusion by enabling users to bypass slow and expensive traditional banking systems, potentially reaching 100 million users.
With traditional financial institutions showing interest in stablecoins, GCash’s support for USDC intensifies competition in the market, making it a challenging landscape for existing issuers like Tether and Circle.
Circle is integrating its stablecoin USDC with Hashnote’s Tokenized Money Market Fund, which currently has a total value locked of 900 million USD, down from 1.9 billion USD earlier.
The fund will be regulated under Bermuda’s Digital Assets Business Act, marking Circle as the first crypto firm licensed there. Tokenized RWAs are seen as a significant growth opportunity in the market, estimated at 30 trillion USD.
The trader executed a stablecoin swap worth 220,764 USD, which resulted in a loss of almost 98% of its value due to a Maximum Extractable Value (MEV) attack.
The MEV bot profited over 215,500 USD by front-running the initial transaction, manipulating the USDC liquidity before reinserting it post-execution.
Experts speculate the attacked trader may have been a target for money laundering and faced multiple sandwich attacks throughout the day, potentially costing them a total of 1,310,000 USD.