Circle issued 500 million USDC on Solana over 24 hours.
https://t.co/2IJpbkZIwx https://t.co/BELyesg6LZ
Circle issued 500 million USDC on Solana over 24 hours.
https://t.co/2IJpbkZIwx https://t.co/BELyesg6LZ
Is Garrett (@GarrettBullish) back? 👀
A wallet linked to Garrett moved massive funds:
• Deposited $39.5M $USDC into #Binance
• Withdrew $40M $USDC from #Binance into a previously dormant wallet
• Deposited $10M $USDC into #HyperLiquid
• Bought 42,524 $HYPE worth $2.3M
• Opened a 504.4 $BTC (5x) long position valued at $39M
The wallet still holds $30M onchain and will likely deposit into #HyperLiquid.
🔗 https://t.co/57RSkLSzaf
🔗 https://t.co/QndUgmeYZK
@mlmabc
⚡UPDATE: Stablecoins like $USDC, $USDT may move on decentralized blockchains, but issuers can still freeze wallets and comply with regulatory requests when needed at anytime.
The Iran-linked wallet case highlighted the role of compliance in stablecoin infrastructure. https://t.co/F144SCSH13
USD Coin is a stablecoin brought to customers by Circle and Coinbase. It is an open source, smart contract-based stablecoin. True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added.