USDC | ForkLog

ForkLog 59 13.03.2025

Stablecoin Market Capitalisation Surpasses Ethereum

The market capitalisation of the “stablecoin” segment has reached $236 billion, surpassing that of Ethereum ($230 billion at the time of writing).

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ForkLog 46 24.02.2025

Infini Stablecoin Bank Hacked for $49.5 Million USDC

On February 23rd, the stablecoin bank Infini suffered a loss of $49.5 million USDC due to a hack. Analysts from Lookonchain pointed out the suspicious transactions. It seems that the stablecoin bank @0xinfini was hacked and 49.5M $USDC was stolen. The hacker swapped 49.5M $USDC for 49.5M $DAI and bought 17,696 $ETH. The 17,696 $ETH […]

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ForkLog 31 24.01.2025

Stablecoin Market Cap on Solana Reaches Record $10.8 Billion

Since the beginning of the year, the value of stablecoins on the Solana network has surged by 112%—from $5.11 billion to $10.84 billion, according to DeFi Llama. Source: DeFi Llama. For comparison, the equivalent figures in other networks are: Ethereum— $116.5 billion; TRON— $59.9 billion; BNB Chain— $7.03 billion; Base— $3.84 billion. The growth driver […]

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ForkLog 20 15.01.2025

USDC transaction volume tops $20 trillion

Improving blockchain infrastructure and clearer regulation made 2024 a positive year for USDC, specialists at the coin’s co-issuer, Circle, said in its annual report. Compared with 2023, the asset’s turnover rose by 78%. The stablecoin’s cumulative transaction volume since launch has exceeded $20 trillion. In November 2024, the monthly figure reached a record $1 billion. […]

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ForkLog 21 13.01.2025

New York attorney-general to serve suspected crypto fraudsters with NFTs

As part of a fraud probe, New York attorney-general Letitia James will send suspected offenders notice of the proceedings in the form of an NFT. According to investigators, from January to June 2024 a group of scammers sent US residents messages offering remote jobs on behalf of real companies. The “work” consisted of writing online […]

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ForkLog 279 31.12.2024

Coinbase’s Advantage and Traders’ Revenue Decline Amid Potential USDT Ban in the EU

Cryptocurrency exchanges registered in the EU are gradually phasing out the stablecoin USDT as the MiCA regulation comes into effect, given that its issuer, Tether, has yet to obtain the necessary license. Experts consulted by ForkLog suggest that Coinbase could emerge as the primary beneficiary of this market shift. Its partner company, Circle, already holds […]

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ForkLog 15 13.12.2024

Polygon Community to Consider $1.3 Billion Allocation on Ethereum Bridge

The Polygon community will evaluate a proposal to leverage over $1.3 billion in reserves held in DAI, USDC, and USDT for profit generation. These funds are currently locked on the PoS Chain and Ethereum bridge. The initiative has been put forward by Web3 risk providers Allez Labs and the teams from Morpho and Yearn. The […]

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ForkLog 16 11.12.2024

Circle and Binance Collaborate to Promote USDC

Circle and Binance have forged a strategic partnership to expand the global reach of the USDC stablecoin. BREAKING NEWS: Circle and Binance have entered into a strategic partnership that will accelerate global USDC and crypto adoption. The world’s largest exchange and crypto super app and the world’s largest trusted and compliant dollar stablecoin operator are […]

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ForkLog 132 10.12.2024

Tether Reveals USDT Holder Statistics

As of the start of the fourth quarter of 2024, there were 109 million USDT holders, more than double the number of Bitcoin holders and close to Ethereum’s 128 million. These figures were reported by Tether. The company noted that these numbers make USDT one of the most widespread digital assets. For their analysis, specialists […]

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ForkLog 24 10.12.2024

Stablecoin Market Capitalization Surpasses $200 Billion

The combined market capitalization of stablecoins has reached $204 billion, marking a 3% increase over the past seven days. Coinbase attributed this trend to a sharp rise in on-chain lending rates. USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion). Data: CoinGecko. “[The increase in […]

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ForkLog 28 11.10.2024

Stripe Introduces USDC and USDP Payment Service

Payment service provider Stripe has incorporated stablecoins USDC and USDP as payment options on its checkout page, reports Bloomberg. On the first day, customers from over 70 countries utilized this option. “We are doing what internet businesses need, which is to reach more customers at lower costs. ‘Stablecoins’ are showing early signs of being able […]

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ForkLog 30 19.09.2024

Louisiana Approves Bitcoin and USDC for State Services

John Fleming, the Treasurer of Louisiana, USA, has integrated Bitcoin and the Lightning Network, as well as the stablecoin USDC, into state operations. Residents will be able to pay for services from any wallets. A special service will convert incoming digital assets into US dollars, which will then be credited to state accounts. This will […]

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