Market Brief
Daily market recaps with key events, stock movements, and global influences
OKX eyes US IPO after DOJ deal; Circle mints $5.5B USDC on Solana; Trump-backed USD1 hits $1B volume.
Large crypto transfers (USDT, USDC, ETH, XRP, BTC) observed across major exchangesHundreds of Millions in USDT, ETH, XRP, USDC, and 800 BTC Transferred Among Bitfinex, Binance, Kraken, and Others
J.P. Morgan cut 2028 stablecoin market forecast to $500B; rivals project $2T–$4TJ.P. Morgan Cuts Stablecoin Outlook to $500 Billion by 2028
Circle minted $5.5B USDC on Solana in Q2 amid rising DeFi activityCircle Mints Multiple $250 Million USDC Batches on Solana, Totaling $5.5 Billion in Q2 Amid Rising DeFi Activity
World Liberty’s USD1 stablecoin topped $3.37B in 24h volume, surpassing USDCTether’s USDT Supply Surpasses $158 Billion with $600M Monthly Revenue; Tron’s USDT Exceeds $80 Billion; USD1 Stablecoin Surpasses USDC in $3.37B 24h Volume
Tether’s USDT supply hit $158B, with $80B on Tron and $668B monthly transfersTether’s USDT Supply Surpasses $158 Billion with $600M Monthly Revenue; Tron’s USDT Exceeds $80 Billion; USD1 Stablecoin Surpasses USDC in $3.37B 24h Volume
U.S. Senate passed the GENIUS Act; Fed and White House signal progress on stablecoin regulationFed's Powell Says US Is Advancing Stablecoin FrameworkTether’s USDT Supply Tops $156 Billion With Tron at $80 Billion, $668B Monthly Transfers, USDC at $61.3B, GENIUS Act Passed
Fiserv to launch FIUSD stablecoin with Mastercard, targeting 150M merchants and 3,000+ banksFiserv to Launch FIUSD Stablecoin, Wins Mastercard Backing for 150 Million Merchants
Circle shares surged nearly 700% post-IPO, briefly topping $70B market cap; Ark Invest sold sharesCircle Stock Surges Nearly 700%, Market Cap Tops $70B Surpassing USDC; Coinbase Hits All-Time High as Ark Invest Sells Shares
OKX eyes U.S. IPO after DOJ settlement, partners with Circle for USD/USDC conversionsOKX Considers U.S. IPO After $505 Million DOJ Settlement, Partners with Circle to Boost USDC Liquidity for 60 Million Users
Coinbase and Nodal Clear to accept USDC as futures collateral by 2026, pending CFTC approvalCoinbase, Nodal Clear Plan to Accept USDC as Futures Collateral by 2026
Shopify, Coinbase, and Stripe rolled out USDC payments for merchants; global launch by year-endShopify Partners With Coinbase and Stripe to Enable USDC Payments via Base Network With MetaMask Integration, Global Rollout by End 2025
Societe Generale launched USD CoinVertible stablecoin on Ethereum/Solana with BNY Mellon as custodianSociete Generale Launches USD Stablecoin on Ethereum, Solana With BNY Mellon; Trading Begins July
Stablecoin activity remains elevated, with Circle minting $5.5B USDC on Solana in Q2 and continuing to expand USDC’s reach through new integrations and cross-chain transfer upgrades. The strong DeFi demand on Solana and Circle’s push into mainstream payments—via Shopify, Stripe, and Coinbase partnerships—are driving broader adoption, while Fiserv’s FIUSD launch with Mastercard could further embed stablecoins in traditional merchant and banking networks.
World Liberty’s USD1, backed by the Trump family, has rapidly gained market share, overtaking USDC in daily trading volume. The upcoming audit and app launch, along with governance token tradability, could influence liquidity and sentiment, but the project’s political ties and rapid growth may draw regulatory scrutiny.
On the regulatory front, the passage of the GENIUS Act and positive signals from the Fed and White House suggest the U.S. is moving toward clearer stablecoin oversight. This regulatory progress has supported strong equity moves, with Circle’s post-IPO surge reflecting optimism—though volatility and profit-taking have increased as valuations stretched.
Traders should monitor further regulatory developments, the World Liberty audit, and institutional adoption signals from Fiserv and Mastercard. Large on-chain transfers and the planned use of USDC as futures collateral point to deepening integration between crypto and traditional finance. Watch for shifts in stablecoin trading volumes and liquidity as competition intensifies.
OKX eyes US IPO after DOJ deal; Circle mints $5.5B USDC on Solana; Trump-backed USD1 hits $1B volume.
Large crypto transfers (USDT, USDC, ETH, XRP, BTC) observed across major exchangesHundreds of Millions in USDT, ETH, XRP, USDC, and 800 BTC Transferred Among Bitfinex, Binance, Kraken, and Others
J.P. Morgan cut 2028 stablecoin market forecast to $500B; rivals project $2T–$4TJ.P. Morgan Cuts Stablecoin Outlook to $500 Billion by 2028
Circle minted $5.5B USDC on Solana in Q2 amid rising DeFi activityCircle Mints Multiple $250 Million USDC Batches on Solana, Totaling $5.5 Billion in Q2 Amid Rising DeFi Activity
World Liberty’s USD1 stablecoin topped $3.37B in 24h volume, surpassing USDCTether’s USDT Supply Surpasses $158 Billion with $600M Monthly Revenue; Tron’s USDT Exceeds $80 Billion; USD1 Stablecoin Surpasses USDC in $3.37B 24h Volume
Tether’s USDT supply hit $158B, with $80B on Tron and $668B monthly transfersTether’s USDT Supply Surpasses $158 Billion with $600M Monthly Revenue; Tron’s USDT Exceeds $80 Billion; USD1 Stablecoin Surpasses USDC in $3.37B 24h Volume
U.S. Senate passed the GENIUS Act; Fed and White House signal progress on stablecoin regulationFed's Powell Says US Is Advancing Stablecoin FrameworkTether’s USDT Supply Tops $156 Billion With Tron at $80 Billion, $668B Monthly Transfers, USDC at $61.3B, GENIUS Act Passed
Fiserv to launch FIUSD stablecoin with Mastercard, targeting 150M merchants and 3,000+ banksFiserv to Launch FIUSD Stablecoin, Wins Mastercard Backing for 150 Million Merchants
Circle shares surged nearly 700% post-IPO, briefly topping $70B market cap; Ark Invest sold sharesCircle Stock Surges Nearly 700%, Market Cap Tops $70B Surpassing USDC; Coinbase Hits All-Time High as Ark Invest Sells Shares
OKX eyes U.S. IPO after DOJ settlement, partners with Circle for USD/USDC conversionsOKX Considers U.S. IPO After $505 Million DOJ Settlement, Partners with Circle to Boost USDC Liquidity for 60 Million Users
Coinbase and Nodal Clear to accept USDC as futures collateral by 2026, pending CFTC approvalCoinbase, Nodal Clear Plan to Accept USDC as Futures Collateral by 2026
Shopify, Coinbase, and Stripe rolled out USDC payments for merchants; global launch by year-endShopify Partners With Coinbase and Stripe to Enable USDC Payments via Base Network With MetaMask Integration, Global Rollout by End 2025
Societe Generale launched USD CoinVertible stablecoin on Ethereum/Solana with BNY Mellon as custodianSociete Generale Launches USD Stablecoin on Ethereum, Solana With BNY Mellon; Trading Begins July
Stablecoin activity remains elevated, with Circle minting $5.5B USDC on Solana in Q2 and continuing to expand USDC’s reach through new integrations and cross-chain transfer upgrades. The strong DeFi demand on Solana and Circle’s push into mainstream payments—via Shopify, Stripe, and Coinbase partnerships—are driving broader adoption, while Fiserv’s FIUSD launch with Mastercard could further embed stablecoins in traditional merchant and banking networks.
World Liberty’s USD1, backed by the Trump family, has rapidly gained market share, overtaking USDC in daily trading volume. The upcoming audit and app launch, along with governance token tradability, could influence liquidity and sentiment, but the project’s political ties and rapid growth may draw regulatory scrutiny.
On the regulatory front, the passage of the GENIUS Act and positive signals from the Fed and White House suggest the U.S. is moving toward clearer stablecoin oversight. This regulatory progress has supported strong equity moves, with Circle’s post-IPO surge reflecting optimism—though volatility and profit-taking have increased as valuations stretched.
Traders should monitor further regulatory developments, the World Liberty audit, and institutional adoption signals from Fiserv and Mastercard. Large on-chain transfers and the planned use of USDC as futures collateral point to deepening integration between crypto and traditional finance. Watch for shifts in stablecoin trading volumes and liquidity as competition intensifies.
7 posts • OpenAI (o3)
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Circle Internet Financial, the issuer of USD Coin (USDC), said it has entered a strategic partnership with cryptocurrency exchange OKX aimed at expanding USDC’s liquidity and reach. The agreement, announced 9 July, will give OKX’s more than 60 million global customers the ability to convert seamlessly between U.S. dollars and USDC on a one-to-one basis across the exchange’s suite of products.
The companies said the conversions will be offered without fees, a move designed to lower transaction costs and encourage broader use of the stablecoin for trading, payments and settlement. OKX plans to integrate the zero-fee service into its spot, margin and Web3 wallet platforms, while Circle expects deeper dollar on-ramps to bolster confidence in USDC’s dollar backing.
The tie-up underscores intensifying competition among stablecoin issuers to secure major exchange partnerships and user adoption as regulators scrutinize the sector’s transparency and risk controls.
Circle 🤝 @okx We are partnering with OKX to deepen @USDC liquidity and expand access to 60M+ users worldwide. Customers will now be able to easily convert between USD and USDC across OKX products and services. This partnership will provide users with more options, enhance the
🔥 NEW: Circle and OKX team up to expand USDC liquidity with zero-fee conversions.
BREAKING🚨 CIRCLE JOINS FORCES WITH OKX TO BOOST USDC LIQUIDITY WITH FEE-FREE CONVERSIONS!
Circle and OKX have partnered to deepen liquidity for both USD-to-USDC and USDC-to-USD conversions, making USDC more accessible to OKX’s 60+ million global customers. Customers will be able to easily convert between USD into USDC and back on a 1:1 basis across OKX products and
🚨 CIRCLE + OKX PARTNER TO EXPAND $USDC GLOBALLY LIQUIDITY BOOST LOCKED IN!!!
12 posts • OpenAI (o3)
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Polygon plans to activate its Heimdall v2 hard fork on 10 July, aiming to cut transaction finality on the proof-of-stake network to about five seconds and eliminate legacy code dating from 2018-19. Developers describe the change as the most complex upgrade since the chain’s 2020 launch. Exchange KuCoin said it will support the transition, and CoinGecko data show Polygon’s POL token rose 7.8% after the upgrade was announced.
The overhaul follows Circle’s 27 June launch of Cross-Chain Transfer Protocol V2 on Polygon PoS, which allows developers and users to move native USDC across blockchains within seconds through a 1:1 burn-and-mint mechanism that dispenses with wrapped assets and third-party bridges. Analytics firm TokenTerminal reports that USDC usage is now expanding fastest on Polygon and Base, underscoring the network’s push to improve speed and liquidity ahead of the Heimdall v2 deployment.
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Blockchain monitoring service Whale Alert reported that 250 million units of the USDC stablecoin—valued at about $250 million—were minted at the USDC Treasury address on 7 July 2025. Transaction data indicate the new tokens were created on the Solana network, adding fresh liquidity to the dollar-pegged coin’s circulating supply.
7 posts • OpenAI (o3)
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J.P. Morgan has halved long-term growth expectations for the stablecoin market, predicting the sector will reach roughly $500 billion in market value by 2028. The U.S. bank called earlier trillion-dollar projections "far too optimistic," citing scant evidence that the dollar-pegged tokens are gaining traction for everyday payments.
The brokerage estimates today’s stablecoin capitalization at about $250 billion and says only 6 percent of demand—around $15 billion—comes from payments. The bulk of activity remains tied to crypto trading, decentralised-finance applications and collateral.
Rival forecasts remain more bullish: Standard Chartered sees the market hitting $2 trillion by 2028, while Bernstein projects supply could climb toward $4 trillion over the next decade. J.P. Morgan argues broader adoption faces hurdles including limited use cases and fragmented regulation, even as the U.S. Senate’s recently passed GENIUS Act seeks to clarify rules for the industry.
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Bo Hines, who advises former President Donald Trump on digital-asset policy, said he expects the cryptocurrency market to swell to about $15 trillion to $20 trillion if Congress enacts the proposed GENIUS Act, a bill that would establish federal rules for dollar-backed stablecoins.
Hines argued that clear regulations for issuers of stablecoins—tokens whose value is pegged to fiat currencies—would remove what he called a major barrier to broader institutional and retail adoption of digital assets. He did not give a timeline for the market-value projection but framed it as contingent on the legislation becoming law.
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NEW: 🇺🇸 Bitcoin & crypto market cap will "probably go to $15-$20 TRILLION” once the Genius stablecoin legislation passes, says Trump's Digital Asset Director
NEW: Trump’s Digital Asset Director says Bitcoin & crypto could “easily hit $15–$20 TRILLION” once the GENIUS Act passes. Buckle up. 🚀
JUST IN: 🇺🇸 Trump’s Executive Director Bo Hines says the crypto industry could grow to “$15-$20 trillion” once stablecoin legislation is enacted.
JUST IN: 🇺🇸 Trump's Executive Director Bo Hines says the crypto industry will probably go to “$15-$20 trillion” after stablecoin legislation becomes law. Bullish 🚀
🇺🇸 WHITE HOUSE OFFICIAL JUST SAID #BITCOIN AND CRYPTO IS GOING TO $20 TRILLION WHAT A TIME TO BE ALIVE!!!
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The Bank for International Settlements issued its sharpest warning yet on 24 June, arguing in an advance chapter of its annual report that privately issued stablecoins “perform poorly as money”. The BIS said the $260 billion market—of which 99 per cent is pegged to the U.S. dollar—poses risks to monetary sovereignty, could trigger fire-sales of reserve assets and should be confined to a tightly regulated role while central banks push ahead with tokenised versions of their own liabilities.
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13 posts • OpenAI (o3)
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Tech investors Peter Thiel, Palmer Luckey and Joe Lonsdale have teamed up to create Erebor, a digital-first commercial bank designed for cryptocurrency firms and venture-backed technology start-ups. The group has applied for a national bank charter with the Office of the Comptroller of the Currency, according to a filing cited by the Financial Times.
Erebor plans to offer a mix of conventional deposit and lending products alongside virtual-currency services such as stablecoin custody. The bank would be headquartered in Columbus, Ohio, with an additional office in New York, and intends to keep both U.S. and overseas companies on its client roster, the filing shows.
The venture seeks to fill a financing void created by the 2023 failure of Silicon Valley Bank, which had been a key lender to crypto and other high-growth technology companies. By securing a full national charter, the backers say Erebor can provide regulated access to the U.S. banking system for sectors they argue remain underserved by large incumbents.
This is great news. JPM, HSBC, etc haven't fully filled the gap that SVB and First Republic left. An insider-run, risk-forward tech bank is much needed Backers include Palmer Lucky, FF/Peter Thiel, Joe Lonsdale etc Via FT, Erebor HQ will be in Columbus + office in NYC
Billionaire Peter Thiel is backing a start-up bank that will target Bitcoin, crypto, and tech start-up industries - Financial Times The new bank will provide "traditional banking products, as well as virtual currency-related products and services".
Palmer Luckey, Peter Thiel, and others are backing Erebor, a new U.S. bank targeting #bitcoin, AI, defense, and advanced manufacturing.
⚡️NEW: PayPal co-founder Peter Thiel and Anduril’s Palmer Luckey are launching Erebor — a digital bank tailored for crypto firms and tech startups.🏦
NEW: 🔥 PayPal co-founder Peter Thiel and Anduril founder Palmer Luckey are launching Erebor, a digital bank built for crypto and tech startups.
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Federal Reserve Chair Jerome Powell said the United States is "well on the way" to establishing a regulatory framework for crypto-linked stablecoins, calling the emerging asset class a "positive step" for the financial system. Speaking on July 1, Powell added that policymakers recognize the need for clear rules governing stablecoins and are making progress toward that goal.
While Powell did not outline a specific timetable or legislative path, his comments signal growing momentum in Washington to clarify oversight of dollar-pegged digital tokens, which are increasingly used for payments and trading in cryptocurrency markets. The remarks follow months of debate among U.S. regulators and lawmakers over how to safeguard consumers and the broader financial system as stablecoin adoption expands.
💥BREAKING: 🇺🇸 FED CHAIR POWELL CALLS CRYPTO STABLECOINS A “POSITIVE STEP” AND SAYS FRAMEWORK IS WELL UNDERWAY. SUPER BULLISH. 🚀
JUST IN: 🇺🇸 Fed Chair Powell calls crypto stablecoins a "positive step" and says framework is well underway.
JUST IN: 🇺🇸 Fed Chair Jerome Powell claims the US is "well on the way to creating a framework" for stablecoins.
JUST IN: 🇺🇸 Fed Chair Jerome Powell said stablecoins are a “positive step” and that the U.S. is “well on the way to creating a framework” for them.
JUST IN: 🇺🇸 Fed Chair Jerome Powell said it's a "positive step" to create a regulatory framework for stablecoins and "we're well on the way to creating a framework."
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The United States government is committed to passing comprehensive cryptocurrency market structure legislation by September 2025, according to the Director of Digital Assets and White House Crypto Czar David Sacks. Sacks indicated that July will be a pivotal month, highlighting the expected signing of the GENIUS Act and the progression of the CLARITY Act to the Senate. These bills aim to regulate USD-backed stablecoins with annual audits and issuer rules, and clarify the roles of the SEC and CFTC while mandating fund segregation and disclosures. The Treasury Secretary has also stated that the crypto stablecoin bill will become law by July.
Meanwhile, Bitcoin is approaching its highest monthly close ever, trading above $105,000 at the end of June and consolidating between $100,000 and $110,000. Analysts suggest Bitcoin could reach a price near $125,000, although historical trends indicate Q3 is typically the weakest quarter for Bitcoin with lower volatility. Despite this, July is historically bullish for Bitcoin, with gains in 9 of the last 14 years, and the cryptocurrency has been in a bull market for 952 days since November 2022, achieving a 6.2x increase from its low. The market awaits the impact of the upcoming legislation and continued Bitcoin price movements in the coming months.
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On June 26, 2025, the Hong Kong government issued its Digital Assets Policy Statement 2.0, introducing the LEAP framework aimed at establishing the city as a global hub for digital asset innovation. The policy focuses on streamlining legal and regulatory frameworks, accelerating real-world asset (RWA) tokenization, and expanding crypto licensing. It consolidates oversight of trading platforms, custodians, stablecoin issuers, and over-the-counter providers. A central component is the emphasis on fiat-referenced stablecoins (FRS), with new stablecoin regulations set to take effect on August 1, 2025.
The Stablecoin Ordinance will enable the issuance of stablecoin licenses within the year, supporting Hong Kong's ambition to lead in global digital assets and improve cross-border payment efficiency. The policy also plans to regularize tokenized bonds and expand tokenization to metals, renewables, and other asset classes. The announcement has spurred interest among over 40 firms seeking stablecoin licenses, although only a limited number are expected to qualify. This initiative aligns with broader regional trends, including Dubai's recent approval of a tokenized money market fund as part of its RWA tokenization strategy.
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Circle has launched the second version of its Cross-Chain Transfer Protocol (CCTP V2) on the Polygon Proof-of-Stake (PoS) network, enabling native USDC transfers with enhanced speed, efficiency, and composability. This upgrade allows users and decentralized applications to move USDC seamlessly across multiple blockchains without relying on wrapped assets or third-party bridges, using a 1:1 burn-and-mint mechanism that eliminates the need for liquidity pools or fillers. The protocol supports fast cross-chain settlements in seconds and integrates smart contract hooks for post-transfer actions. Circle Alliance Program member Cashmere Labs is leveraging CCTP V2 to drive USDC adoption by facilitating omnichain payments, vault interactions, and liquidity operations with cost savings and improved efficiency. The deployment is secured by Circle and aims to provide frictionless, permissionless, and programmable stablecoin transfers, contributing to the infrastructure era of real-time global money movement. Additionally, the broader Polygon ecosystem has welcomed related innovations such as CoW Protocol, which offers gasless, MEV-protected, intent-based trading on Polygon.
5 posts • OpenAI (o3)
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Circle has deployed Version 2 of its Cross-Chain Transfer Protocol (CCTP) on Polygon’s proof-of-stake network, expanding native support for the USDC stablecoin. The upgrade enables developers and users to move USDC between chains in seconds while preserving dollar parity through a 1:1 burn-and-mint mechanism, eliminating the need for third-party liquidity pools.
CCTP V2 also introduces programmable “hooks” that allow smart contracts to trigger actions automatically after a transfer, an addition aimed at simplifying cross-chain payments and decentralized-finance integrations. Circle said alliance partner Cashmere Labs will use the new tooling to offer one-click omnichain payments and liquidity management, underscoring the company’s push to make USDC the default settlement asset across multiple blockchains.
CCTP V2 is live with improved speed, efficiency, and composability. Experience frictionless, crosschain transfers with native USDC on Polygon. Secured by @circle.
Circle Alliance Program member, @CashmereLabs drives @USDC adoption with seamless omnichain payments, vault interactions, and liquidity operations across chains in one click. By leveraging CCTP V2 on any network, Cashmere Labs can unlock cost savings and efficiency. Join the
JUST IN: CIRCLE’S CCTP V2 IS NOW LIVE ON POLYGON POS Source: @Crypto_Briefing
💥 NOW: @Circle’s CCTP V2 is now live on @0xPolygon PoS.
🚨JUST IN: @CIRCLE CCTP V2 IS NOW AVAILABLE ON @0XPOLYGON POS
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The Hong Kong Government today published “Policy Statement 2.0 on the Development of Digital Assets,” outlining a comprehensive strategy to strengthen the city’s role as a global centre for blockchain-based finance. The document introduces a "LEAP" framework—covering legal reforms, an expanded digital-asset ecosystem, enhanced access to funding and talent, and public-private partnership—to speed adoption of tokenised products and services.
Authorities said the policy will prioritise the tokenisation of real-world assets, create a clearer licensing path for virtual-asset platforms and service providers, and develop rules for stablecoins. Regulators also plan to unify and streamline legal requirements across sectors to reduce compliance burdens and foster innovation.
The initiative builds on earlier digital-asset guidelines and signals Hong Kong’s intention to compete with Singapore, the United Arab Emirates and other jurisdictions for crypto investment. Officials did not set a definitive timetable but said detailed implementation measures will follow in the coming months.
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Ant Group Co., the Chinese fintech giant backed by Jack Ma, is advancing its global stablecoin ambitions by applying for stablecoin issuer licenses in Hong Kong, Singapore, and Luxembourg. Ant International, the Singapore-based international business unit of Ant Group, confirmed plans to seek these licenses, with the Hong Kong application set to proceed as soon as the Hong Kong Stablecoins Ordinance comes into effect on August 1, 2025. This ordinance establishes a comprehensive regulatory framework for fiat-referenced stablecoins, positioning Hong Kong as a global hub for digital asset innovation. The Hong Kong Monetary Authority will begin accepting license applications under this new regime, with expectations that only a limited number of licenses will be granted, despite more than 40 companies preparing to apply. The move aligns with Hong Kong's broader digital asset policy, including the recent Policy Statement 2.0 and the LEAP framework, which aim to streamline legal and regulatory processes and promote tokenization and stablecoin development. Ant Group’s push into stablecoins complements its expansion of a $1 trillion blockchain payment network and reflects a wider industry trend with major corporations like Uber, Apple, and Bank of America exploring stablecoin initiatives.
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The European Commission is preparing to issue guidance that would treat stablecoins minted outside the European Union as interchangeable with identical tokens issued by EU-licensed entities, several media outlets including the Financial Times and Reuters reported. The move eases a key barrier in the bloc’s Markets in Crypto-Assets (MiCA) rulebook and would allow large foreign-denominated tokens such as Circle’s USDC and Tether’s USDT to circulate more freely across the single market.
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🇪🇺 LATEST: The European Commission will issue a guidance to allow stablecoin interchangeability between EU and non-EU issuers under the MiCA rules, per Reuters.
The EU plans to announce the elimination of a barrier that prevented dollar-backed stablecoins from flooding the bloc, per a new report.
According to Reuters, the European Commission will issue guidance clarifying that stablecoins issued by EU-licensed entities can be treated as interchangeable with those issued by their non-EU affiliates, under the MiCA framework. The move responds to a query from French
The 🇪🇺 commission is set to give equivalence to non-EU-issued stablecoins, disregarding ECB warnings that it may threaten financial stability. Story with @staffordphilip
EU to regulate stablecoins despite ECB warnings #stablecoins #EU #financiëlestabiliteit #ECB #cryptocurrency
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Federal Reserve Chair Jerome Powell said the stablecoin sector has “matured and become more mainstream” over the past two years, noting that the broader crypto market is also moving into the financial mainstream.
Powell added that the central bank is withdrawing or re-examining much of the crypto-related supervisory guidance issued in 2022, emphasising the Fed is taking a “careful approach” as it updates its stance toward digital assets.
Separately, Powell said business uncertainty linked to U.S. trade policy peaked when the 145% tariff on Chinese goods took effect in April but that firms are now “feeling a little better,” suggesting some improvement in sentiment despite the higher levies.
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Turkey's Ministry of Treasury and Finance announced new measures to prevent the laundering of criminal proceeds through cryptocurrency transactions. The regulations include mandatory transfer notes of at least 20 characters, withdrawal delays of a minimum of 72 hours for non-compliant platforms, and limits on stablecoin transactions capped at $3,000 per day and $50,000 per month. Licensed crypto platforms may benefit from relaxed rules. Finance Minister Mehmet Simsek emphasized that these steps target illicit activities such as illegal betting and fraud. These developments align with broader international efforts, as the Financial Action Task Force (FATF), a global financial crime watchdog, recently urged countries to strengthen regulations on virtual assets and virtual asset service providers to combat illicit finance. The FATF highlighted that regulatory gaps in one jurisdiction could have global consequences, underscoring the need for enhanced payment transparency and compliance standards worldwide.
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Ant International, the overseas arm of Jack Ma-backed Ant Group, plans to apply for stablecoin issuer licences in Hong Kong and Singapore and later in Luxembourg, according to people familiar with the matter. The company said it will file its Hong Kong application immediately after the city’s new Stablecoins Ordinance takes effect on Aug. 1, marking Ant’s most significant push yet into blockchain-based payments.
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Stablecoin issuer Circle created roughly 250 million new USD Coin on 24 June, minting the tokens on the Solana network, according to on-chain treasury data. The single issuance adds to the recent expansion of USDC’s circulating supply and reinforces Solana’s position as a leading venue for dollar-pegged assets.
The move comes as rival token Tether continues to scale. USDT’s outstanding float has climbed past $156 billion and was cited at about $157.4 billion late on 24 June, an all-time high. The TRON blockchain now hosts more than $80 billion of that total, underscoring the concentration of stablecoin activity on a handful of networks.
Together with a rise in Circle’s euro-denominated EURC, whose supply has tripled to $236 million over the past year, the fresh USDC and record USDT levels highlight accelerating demand for fiat-backed digital cash even as regulators scrutinize the sector.
$USDT just printed another $253.6m in 24h. numbers hitting different levels now. tether showing what $13b in yearly profits looks like: expanding into btc mining operations + rolling out 100k physical kiosks across africa. market cap at $157.39b. somebody's doing something
🚨 UPDATE: Circle has minted another $250 million $USDC on Solana.
🇪🇺⛓️ The supply of @circle's EURC stablecoin is up from $78.4m to $236.1m in the past 365d. @ethereum & @solana host ~80% of the EURC supply.
JUST IN: 250M $USDC MINTED AT USDC TREASURY Source: @whale_alert
TRON just surpassed $80B in USDT circulating supply 🚀 But what’s driving this explosive growth?
5 posts • OpenAI (o3)
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Circle Internet Financial has deployed Version 2 of its Cross-Chain Transfer Protocol on the Solana blockchain, expanding the stablecoin issuer’s bridge technology beyond its initial Ethereum launch.
The upgrade allows users and applications to burn USD Coin (USDC) on one supported network and mint an equivalent amount on another—such as Solana, Ethereum, Arbitrum or Base—in a single transaction, streamlining liquidity movement and reducing reliance on third-party bridges.
Circle says CCTP V2 delivers faster settlement and strengthened security features compared with the original protocol, aiming to bolster interoperability for the $32 billion USDC market and attract additional developers to Solana’s high-throughput ecosystem.
CIRCLE’S CCTP V2 GOES LIVE ON SOLANA Circle has launched version 2 of its Cross-Chain Transfer Protocol (CCTP) on the Solana blockchain. This upgrade enhances USDC transfers across chains, boosting Solana’s interoperability and stablecoin utility. Source: @cointelegraph
🔥 LATEST: Circle's CCTP V2 is now live on Solana. Enables fast, secure USDC transfers across supported chains.
NEW: Circle's CCTP V2 is now live on $SOL. Enables fast, secure $USDC transfers across supported chains.
JUST IN: CIRCLE’S CCTP V2 GOES LIVE ON SOLANA Source: @Cointelegraph
circle's CCTP V2 on solana. instant cross-chain USDC burns and mints across ethereum, arbitrum, base + 5 others.
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Circle Internet Financial, the issuer of USD Coin (USDC), said it has entered a strategic partnership with cryptocurrency exchange OKX aimed at expanding USDC’s liquidity and reach. The agreement, announced 9 July, will give OKX’s more than 60 million global customers the ability to convert seamlessly between U.S. dollars and USDC on a one-to-one basis across the exchange’s suite of products.
The companies said the conversions will be offered without fees, a move designed to lower transaction costs and encourage broader use of the stablecoin for trading, payments and settlement. OKX plans to integrate the zero-fee service into its spot, margin and Web3 wallet platforms, while Circle expects deeper dollar on-ramps to bolster confidence in USDC’s dollar backing.
The tie-up underscores intensifying competition among stablecoin issuers to secure major exchange partnerships and user adoption as regulators scrutinize the sector’s transparency and risk controls.
Circle 🤝 @okx We are partnering with OKX to deepen @USDC liquidity and expand access to 60M+ users worldwide. Customers will now be able to easily convert between USD and USDC across OKX products and services. This partnership will provide users with more options, enhance the
🔥 NEW: Circle and OKX team up to expand USDC liquidity with zero-fee conversions.
BREAKING🚨 CIRCLE JOINS FORCES WITH OKX TO BOOST USDC LIQUIDITY WITH FEE-FREE CONVERSIONS!
Circle and OKX have partnered to deepen liquidity for both USD-to-USDC and USDC-to-USD conversions, making USDC more accessible to OKX’s 60+ million global customers. Customers will be able to easily convert between USD into USDC and back on a 1:1 basis across OKX products and
🚨 CIRCLE + OKX PARTNER TO EXPAND $USDC GLOBALLY LIQUIDITY BOOST LOCKED IN!!!
12 posts • OpenAI (o3)
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Polygon plans to activate its Heimdall v2 hard fork on 10 July, aiming to cut transaction finality on the proof-of-stake network to about five seconds and eliminate legacy code dating from 2018-19. Developers describe the change as the most complex upgrade since the chain’s 2020 launch. Exchange KuCoin said it will support the transition, and CoinGecko data show Polygon’s POL token rose 7.8% after the upgrade was announced.
The overhaul follows Circle’s 27 June launch of Cross-Chain Transfer Protocol V2 on Polygon PoS, which allows developers and users to move native USDC across blockchains within seconds through a 1:1 burn-and-mint mechanism that dispenses with wrapped assets and third-party bridges. Analytics firm TokenTerminal reports that USDC usage is now expanding fastest on Polygon and Base, underscoring the network’s push to improve speed and liquidity ahead of the Heimdall v2 deployment.
4 posts • OpenAI (o3)
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Blockchain monitoring service Whale Alert reported that 250 million units of the USDC stablecoin—valued at about $250 million—were minted at the USDC Treasury address on 7 July 2025. Transaction data indicate the new tokens were created on the Solana network, adding fresh liquidity to the dollar-pegged coin’s circulating supply.
7 posts • OpenAI (o3)
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J.P. Morgan has halved long-term growth expectations for the stablecoin market, predicting the sector will reach roughly $500 billion in market value by 2028. The U.S. bank called earlier trillion-dollar projections "far too optimistic," citing scant evidence that the dollar-pegged tokens are gaining traction for everyday payments.
The brokerage estimates today’s stablecoin capitalization at about $250 billion and says only 6 percent of demand—around $15 billion—comes from payments. The bulk of activity remains tied to crypto trading, decentralised-finance applications and collateral.
Rival forecasts remain more bullish: Standard Chartered sees the market hitting $2 trillion by 2028, while Bernstein projects supply could climb toward $4 trillion over the next decade. J.P. Morgan argues broader adoption faces hurdles including limited use cases and fragmented regulation, even as the U.S. Senate’s recently passed GENIUS Act seeks to clarify rules for the industry.
5 posts • OpenAI (o3)
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Bo Hines, who advises former President Donald Trump on digital-asset policy, said he expects the cryptocurrency market to swell to about $15 trillion to $20 trillion if Congress enacts the proposed GENIUS Act, a bill that would establish federal rules for dollar-backed stablecoins.
Hines argued that clear regulations for issuers of stablecoins—tokens whose value is pegged to fiat currencies—would remove what he called a major barrier to broader institutional and retail adoption of digital assets. He did not give a timeline for the market-value projection but framed it as contingent on the legislation becoming law.
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NEW: 🇺🇸 Bitcoin & crypto market cap will "probably go to $15-$20 TRILLION” once the Genius stablecoin legislation passes, says Trump's Digital Asset Director
NEW: Trump’s Digital Asset Director says Bitcoin & crypto could “easily hit $15–$20 TRILLION” once the GENIUS Act passes. Buckle up. 🚀
JUST IN: 🇺🇸 Trump’s Executive Director Bo Hines says the crypto industry could grow to “$15-$20 trillion” once stablecoin legislation is enacted.
JUST IN: 🇺🇸 Trump's Executive Director Bo Hines says the crypto industry will probably go to “$15-$20 trillion” after stablecoin legislation becomes law. Bullish 🚀
🇺🇸 WHITE HOUSE OFFICIAL JUST SAID #BITCOIN AND CRYPTO IS GOING TO $20 TRILLION WHAT A TIME TO BE ALIVE!!!
14 posts • OpenAI (o3)
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The Bank for International Settlements issued its sharpest warning yet on 24 June, arguing in an advance chapter of its annual report that privately issued stablecoins “perform poorly as money”. The BIS said the $260 billion market—of which 99 per cent is pegged to the U.S. dollar—poses risks to monetary sovereignty, could trigger fire-sales of reserve assets and should be confined to a tightly regulated role while central banks push ahead with tokenised versions of their own liabilities.
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13 posts • OpenAI (o3)
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Tech investors Peter Thiel, Palmer Luckey and Joe Lonsdale have teamed up to create Erebor, a digital-first commercial bank designed for cryptocurrency firms and venture-backed technology start-ups. The group has applied for a national bank charter with the Office of the Comptroller of the Currency, according to a filing cited by the Financial Times.
Erebor plans to offer a mix of conventional deposit and lending products alongside virtual-currency services such as stablecoin custody. The bank would be headquartered in Columbus, Ohio, with an additional office in New York, and intends to keep both U.S. and overseas companies on its client roster, the filing shows.
The venture seeks to fill a financing void created by the 2023 failure of Silicon Valley Bank, which had been a key lender to crypto and other high-growth technology companies. By securing a full national charter, the backers say Erebor can provide regulated access to the U.S. banking system for sectors they argue remain underserved by large incumbents.
This is great news. JPM, HSBC, etc haven't fully filled the gap that SVB and First Republic left. An insider-run, risk-forward tech bank is much needed Backers include Palmer Lucky, FF/Peter Thiel, Joe Lonsdale etc Via FT, Erebor HQ will be in Columbus + office in NYC
Billionaire Peter Thiel is backing a start-up bank that will target Bitcoin, crypto, and tech start-up industries - Financial Times The new bank will provide "traditional banking products, as well as virtual currency-related products and services".
Palmer Luckey, Peter Thiel, and others are backing Erebor, a new U.S. bank targeting #bitcoin, AI, defense, and advanced manufacturing.
⚡️NEW: PayPal co-founder Peter Thiel and Anduril’s Palmer Luckey are launching Erebor — a digital bank tailored for crypto firms and tech startups.🏦
NEW: 🔥 PayPal co-founder Peter Thiel and Anduril founder Palmer Luckey are launching Erebor, a digital bank built for crypto and tech startups.
10 posts • OpenAI (o3)
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Federal Reserve Chair Jerome Powell said the United States is "well on the way" to establishing a regulatory framework for crypto-linked stablecoins, calling the emerging asset class a "positive step" for the financial system. Speaking on July 1, Powell added that policymakers recognize the need for clear rules governing stablecoins and are making progress toward that goal.
While Powell did not outline a specific timetable or legislative path, his comments signal growing momentum in Washington to clarify oversight of dollar-pegged digital tokens, which are increasingly used for payments and trading in cryptocurrency markets. The remarks follow months of debate among U.S. regulators and lawmakers over how to safeguard consumers and the broader financial system as stablecoin adoption expands.
💥BREAKING: 🇺🇸 FED CHAIR POWELL CALLS CRYPTO STABLECOINS A “POSITIVE STEP” AND SAYS FRAMEWORK IS WELL UNDERWAY. SUPER BULLISH. 🚀
JUST IN: 🇺🇸 Fed Chair Powell calls crypto stablecoins a "positive step" and says framework is well underway.
JUST IN: 🇺🇸 Fed Chair Jerome Powell claims the US is "well on the way to creating a framework" for stablecoins.
JUST IN: 🇺🇸 Fed Chair Jerome Powell said stablecoins are a “positive step” and that the U.S. is “well on the way to creating a framework” for them.
JUST IN: 🇺🇸 Fed Chair Jerome Powell said it's a "positive step" to create a regulatory framework for stablecoins and "we're well on the way to creating a framework."
21 posts • GPT (4.1 mini)
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The United States government is committed to passing comprehensive cryptocurrency market structure legislation by September 2025, according to the Director of Digital Assets and White House Crypto Czar David Sacks. Sacks indicated that July will be a pivotal month, highlighting the expected signing of the GENIUS Act and the progression of the CLARITY Act to the Senate. These bills aim to regulate USD-backed stablecoins with annual audits and issuer rules, and clarify the roles of the SEC and CFTC while mandating fund segregation and disclosures. The Treasury Secretary has also stated that the crypto stablecoin bill will become law by July.
Meanwhile, Bitcoin is approaching its highest monthly close ever, trading above $105,000 at the end of June and consolidating between $100,000 and $110,000. Analysts suggest Bitcoin could reach a price near $125,000, although historical trends indicate Q3 is typically the weakest quarter for Bitcoin with lower volatility. Despite this, July is historically bullish for Bitcoin, with gains in 9 of the last 14 years, and the cryptocurrency has been in a bull market for 952 days since November 2022, achieving a 6.2x increase from its low. The market awaits the impact of the upcoming legislation and continued Bitcoin price movements in the coming months.
18 posts • GPT (4.1 mini)
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On June 26, 2025, the Hong Kong government issued its Digital Assets Policy Statement 2.0, introducing the LEAP framework aimed at establishing the city as a global hub for digital asset innovation. The policy focuses on streamlining legal and regulatory frameworks, accelerating real-world asset (RWA) tokenization, and expanding crypto licensing. It consolidates oversight of trading platforms, custodians, stablecoin issuers, and over-the-counter providers. A central component is the emphasis on fiat-referenced stablecoins (FRS), with new stablecoin regulations set to take effect on August 1, 2025.
The Stablecoin Ordinance will enable the issuance of stablecoin licenses within the year, supporting Hong Kong's ambition to lead in global digital assets and improve cross-border payment efficiency. The policy also plans to regularize tokenized bonds and expand tokenization to metals, renewables, and other asset classes. The announcement has spurred interest among over 40 firms seeking stablecoin licenses, although only a limited number are expected to qualify. This initiative aligns with broader regional trends, including Dubai's recent approval of a tokenized money market fund as part of its RWA tokenization strategy.
9 posts • GPT (4.1 mini)
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Circle has launched the second version of its Cross-Chain Transfer Protocol (CCTP V2) on the Polygon Proof-of-Stake (PoS) network, enabling native USDC transfers with enhanced speed, efficiency, and composability. This upgrade allows users and decentralized applications to move USDC seamlessly across multiple blockchains without relying on wrapped assets or third-party bridges, using a 1:1 burn-and-mint mechanism that eliminates the need for liquidity pools or fillers. The protocol supports fast cross-chain settlements in seconds and integrates smart contract hooks for post-transfer actions. Circle Alliance Program member Cashmere Labs is leveraging CCTP V2 to drive USDC adoption by facilitating omnichain payments, vault interactions, and liquidity operations with cost savings and improved efficiency. The deployment is secured by Circle and aims to provide frictionless, permissionless, and programmable stablecoin transfers, contributing to the infrastructure era of real-time global money movement. Additionally, the broader Polygon ecosystem has welcomed related innovations such as CoW Protocol, which offers gasless, MEV-protected, intent-based trading on Polygon.
5 posts • OpenAI (o3)
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Circle has deployed Version 2 of its Cross-Chain Transfer Protocol (CCTP) on Polygon’s proof-of-stake network, expanding native support for the USDC stablecoin. The upgrade enables developers and users to move USDC between chains in seconds while preserving dollar parity through a 1:1 burn-and-mint mechanism, eliminating the need for third-party liquidity pools.
CCTP V2 also introduces programmable “hooks” that allow smart contracts to trigger actions automatically after a transfer, an addition aimed at simplifying cross-chain payments and decentralized-finance integrations. Circle said alliance partner Cashmere Labs will use the new tooling to offer one-click omnichain payments and liquidity management, underscoring the company’s push to make USDC the default settlement asset across multiple blockchains.
CCTP V2 is live with improved speed, efficiency, and composability. Experience frictionless, crosschain transfers with native USDC on Polygon. Secured by @circle.
Circle Alliance Program member, @CashmereLabs drives @USDC adoption with seamless omnichain payments, vault interactions, and liquidity operations across chains in one click. By leveraging CCTP V2 on any network, Cashmere Labs can unlock cost savings and efficiency. Join the
JUST IN: CIRCLE’S CCTP V2 IS NOW LIVE ON POLYGON POS Source: @Crypto_Briefing
💥 NOW: @Circle’s CCTP V2 is now live on @0xPolygon PoS.
🚨JUST IN: @CIRCLE CCTP V2 IS NOW AVAILABLE ON @0XPOLYGON POS
8 posts • OpenAI (o3)
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The Hong Kong Government today published “Policy Statement 2.0 on the Development of Digital Assets,” outlining a comprehensive strategy to strengthen the city’s role as a global centre for blockchain-based finance. The document introduces a "LEAP" framework—covering legal reforms, an expanded digital-asset ecosystem, enhanced access to funding and talent, and public-private partnership—to speed adoption of tokenised products and services.
Authorities said the policy will prioritise the tokenisation of real-world assets, create a clearer licensing path for virtual-asset platforms and service providers, and develop rules for stablecoins. Regulators also plan to unify and streamline legal requirements across sectors to reduce compliance burdens and foster innovation.
The initiative builds on earlier digital-asset guidelines and signals Hong Kong’s intention to compete with Singapore, the United Arab Emirates and other jurisdictions for crypto investment. Officials did not set a definitive timetable but said detailed implementation measures will follow in the coming months.
26 posts • GPT (4.1 mini)
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Ant Group Co., the Chinese fintech giant backed by Jack Ma, is advancing its global stablecoin ambitions by applying for stablecoin issuer licenses in Hong Kong, Singapore, and Luxembourg. Ant International, the Singapore-based international business unit of Ant Group, confirmed plans to seek these licenses, with the Hong Kong application set to proceed as soon as the Hong Kong Stablecoins Ordinance comes into effect on August 1, 2025. This ordinance establishes a comprehensive regulatory framework for fiat-referenced stablecoins, positioning Hong Kong as a global hub for digital asset innovation. The Hong Kong Monetary Authority will begin accepting license applications under this new regime, with expectations that only a limited number of licenses will be granted, despite more than 40 companies preparing to apply. The move aligns with Hong Kong's broader digital asset policy, including the recent Policy Statement 2.0 and the LEAP framework, which aim to streamline legal and regulatory processes and promote tokenization and stablecoin development. Ant Group’s push into stablecoins complements its expansion of a $1 trillion blockchain payment network and reflects a wider industry trend with major corporations like Uber, Apple, and Bank of America exploring stablecoin initiatives.
11 posts • OpenAI (o3)
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The European Commission is preparing to issue guidance that would treat stablecoins minted outside the European Union as interchangeable with identical tokens issued by EU-licensed entities, several media outlets including the Financial Times and Reuters reported. The move eases a key barrier in the bloc’s Markets in Crypto-Assets (MiCA) rulebook and would allow large foreign-denominated tokens such as Circle’s USDC and Tether’s USDT to circulate more freely across the single market.
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🇪🇺 LATEST: The European Commission will issue a guidance to allow stablecoin interchangeability between EU and non-EU issuers under the MiCA rules, per Reuters.
The EU plans to announce the elimination of a barrier that prevented dollar-backed stablecoins from flooding the bloc, per a new report.
According to Reuters, the European Commission will issue guidance clarifying that stablecoins issued by EU-licensed entities can be treated as interchangeable with those issued by their non-EU affiliates, under the MiCA framework. The move responds to a query from French
The 🇪🇺 commission is set to give equivalence to non-EU-issued stablecoins, disregarding ECB warnings that it may threaten financial stability. Story with @staffordphilip
EU to regulate stablecoins despite ECB warnings #stablecoins #EU #financiëlestabiliteit #ECB #cryptocurrency
21 posts • OpenAI (o3)
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Federal Reserve Chair Jerome Powell said the stablecoin sector has “matured and become more mainstream” over the past two years, noting that the broader crypto market is also moving into the financial mainstream.
Powell added that the central bank is withdrawing or re-examining much of the crypto-related supervisory guidance issued in 2022, emphasising the Fed is taking a “careful approach” as it updates its stance toward digital assets.
Separately, Powell said business uncertainty linked to U.S. trade policy peaked when the 145% tariff on Chinese goods took effect in April but that firms are now “feeling a little better,” suggesting some improvement in sentiment despite the higher levies.
11 posts • GPT (4.1 mini)
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Turkey's Ministry of Treasury and Finance announced new measures to prevent the laundering of criminal proceeds through cryptocurrency transactions. The regulations include mandatory transfer notes of at least 20 characters, withdrawal delays of a minimum of 72 hours for non-compliant platforms, and limits on stablecoin transactions capped at $3,000 per day and $50,000 per month. Licensed crypto platforms may benefit from relaxed rules. Finance Minister Mehmet Simsek emphasized that these steps target illicit activities such as illegal betting and fraud. These developments align with broader international efforts, as the Financial Action Task Force (FATF), a global financial crime watchdog, recently urged countries to strengthen regulations on virtual assets and virtual asset service providers to combat illicit finance. The FATF highlighted that regulatory gaps in one jurisdiction could have global consequences, underscoring the need for enhanced payment transparency and compliance standards worldwide.
30 posts • OpenAI (o3)
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Ant International, the overseas arm of Jack Ma-backed Ant Group, plans to apply for stablecoin issuer licences in Hong Kong and Singapore and later in Luxembourg, according to people familiar with the matter. The company said it will file its Hong Kong application immediately after the city’s new Stablecoins Ordinance takes effect on Aug. 1, marking Ant’s most significant push yet into blockchain-based payments.
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13 posts • OpenAI (o3)
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Stablecoin issuer Circle created roughly 250 million new USD Coin on 24 June, minting the tokens on the Solana network, according to on-chain treasury data. The single issuance adds to the recent expansion of USDC’s circulating supply and reinforces Solana’s position as a leading venue for dollar-pegged assets.
The move comes as rival token Tether continues to scale. USDT’s outstanding float has climbed past $156 billion and was cited at about $157.4 billion late on 24 June, an all-time high. The TRON blockchain now hosts more than $80 billion of that total, underscoring the concentration of stablecoin activity on a handful of networks.
Together with a rise in Circle’s euro-denominated EURC, whose supply has tripled to $236 million over the past year, the fresh USDC and record USDT levels highlight accelerating demand for fiat-backed digital cash even as regulators scrutinize the sector.
$USDT just printed another $253.6m in 24h. numbers hitting different levels now. tether showing what $13b in yearly profits looks like: expanding into btc mining operations + rolling out 100k physical kiosks across africa. market cap at $157.39b. somebody's doing something
🚨 UPDATE: Circle has minted another $250 million $USDC on Solana.
🇪🇺⛓️ The supply of @circle's EURC stablecoin is up from $78.4m to $236.1m in the past 365d. @ethereum & @solana host ~80% of the EURC supply.
JUST IN: 250M $USDC MINTED AT USDC TREASURY Source: @whale_alert
TRON just surpassed $80B in USDT circulating supply 🚀 But what’s driving this explosive growth?
5 posts • OpenAI (o3)
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Circle Internet Financial has deployed Version 2 of its Cross-Chain Transfer Protocol on the Solana blockchain, expanding the stablecoin issuer’s bridge technology beyond its initial Ethereum launch.
The upgrade allows users and applications to burn USD Coin (USDC) on one supported network and mint an equivalent amount on another—such as Solana, Ethereum, Arbitrum or Base—in a single transaction, streamlining liquidity movement and reducing reliance on third-party bridges.
Circle says CCTP V2 delivers faster settlement and strengthened security features compared with the original protocol, aiming to bolster interoperability for the $32 billion USDC market and attract additional developers to Solana’s high-throughput ecosystem.
CIRCLE’S CCTP V2 GOES LIVE ON SOLANA Circle has launched version 2 of its Cross-Chain Transfer Protocol (CCTP) on the Solana blockchain. This upgrade enhances USDC transfers across chains, boosting Solana’s interoperability and stablecoin utility. Source: @cointelegraph
🔥 LATEST: Circle's CCTP V2 is now live on Solana. Enables fast, secure USDC transfers across supported chains.
NEW: Circle's CCTP V2 is now live on $SOL. Enables fast, secure $USDC transfers across supported chains.
JUST IN: CIRCLE’S CCTP V2 GOES LIVE ON SOLANA Source: @Cointelegraph
circle's CCTP V2 on solana. instant cross-chain USDC burns and mints across ethereum, arbitrum, base + 5 others.
