A clever trader spent 30,000 USDC to purchase 1.11 million EDEL.

U.S. FDIC Chair: Under the GENIUS Act, stablecoins are "absolutely not" covered by deposit insurance

The Chairman of the FDIC in the United States emphasized that under the GENIUS Act, stablecoins (such as USDT, USDC) are not covered by FDIC deposit insurance to distinguish them from traditional bank deposits and prevent misleading investors. Additionally, although banks can issue stablecoins, they must adhere to strict reserve requirements.

USDC Treasury has added a minting of 250 million USDC on the Solana chain

Gate News Report, March 11: According to Whale Alert monitoring, USDC issuer USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.

USDC and CCTP officially launch on Ethereum L2 network Morph

USDC and the cross-chain transfer protocol CCTP are now live on the Ethereum L2 network Morph, supporting payments, remittances, and DeFi transactions. CCTP enables cross-chain transfer of USDC between Morph and other blockchains. The first batch of integrated partners includes a CEX, Bulba, and Stargate.

Stablecoin Wave, "AI Proxy Finance" Assists! Bernstein Optimistic About Circle's Stock Price Soaring Another 60%

The stock price of stablecoin USDC issuer Circle has recently risen, and Bernstein reports predict it could increase another 60% in the future, with a target price of $190. The growing demand for stablecoins and the rise of AI-powered financial applications are the main driving factors. Circle's stock price has increased over 100% in the past few weeks and continues to expand its payment network, indicating that the application scope of stablecoins is expanding. Additionally, stablecoin trading volume has grown significantly, showing deeper integration with traditional finance.

Circle stock price may hit $190: Stablecoin USDC application expansion, Wall Street optimistic about digital dollar payment prospects

Wall Street institutions are optimistic about the long-term growth prospects of stablecoin issuer Circle, predicting its stock price will rise by approximately 70%, with a target price close to $190. Analysts point out that as the application of stablecoins in financial activities expands, USDC's role in the global payment ecosystem continues to strengthen. At the same time, the programmable features of stablecoins and the development of AI technology may drive increased demand. Circle could benefit from the expansion of the digital dollar payment system and become an important part of the global financial system.

Circle Faces Upgraded Stablecoin Competition: Tether and Wall Street Enter the Market, Can USDC Continue to Lead?

As competition in the global stablecoin market intensifies, Circle faces challenges from Tether and traditional financial institutions, but its advantages in compliance, partnerships, and technology remain promising. Research predicts that Circle's stock price is expected to rise, while USDC's growth trend and revenue are expanding rapidly. Circle is also exploring the integration of AI and blockchain in payment scenarios, and future competitive dynamics will depend on compliance capabilities and the expansion of its payment network.