Behind the Trillion-Dollar Stablecoin Transfer Volume: Where Does the Real Demand Come From?
Author: Tanay Ved; Compiled by: Baihua Blockchain. The annualized turnover rate for every $1 of USD Coin ($USD Coin(USDC.CC)$) supply reaches as high as 741 times, tenfold that of Tether ($泰达币(USDT.CC)$) (74 times), despite USDT’s market capitalization exceeding that of USDC by over $100 billion. The high turnover of USDC is driven by DeFi infrastructure across various public blockchains, such as liquidity pool rebalancing on Base and flash loan arbitrage on Ethereum ($以太坊(ETH.CC)$).
Circle Internet Group Bets on Arc as USDC Surges
Express News | World Liberty Financial, a crypto project affiliated with the Trump family, has received conditional approval to establish a trust bank.
On August 16, World Liberty Financial announced that the U.S. Office of the Comptroller of the Currency (OCC) had granted preliminary conditional approval for the establishment of World Liberty Trust Company (WLTC), a national trust bank. The bank is intended to specialize in stablecoin services and will be responsible for the issuance and redemption of the USD1 dollar-pegged stablecoin, management of reserve assets, and digital asset custody for institutional clients. World Liberty Financial maintains close ties with the Trump family. When the company was founded in 2024, it involved participation from members of the Trump family and the Witkoff family, among others. Donald Trump himself is listed as an "Honorary Co-Founder," and his son is also involved in the company's operations.
Express News | Ethena transferred $81.97 million in USDC to FalconX,疑似 for an over-the-counter sale.
On August 15, according to monitoring by Onchain Lens, Ethena transferred $81.97 million in USDC from its Coinbase Prime custodial wallet to FalconX. Based on on-chain transaction records, this fund transfer may be related to an over-the-counter (OTC) sale. It is currently unconfirmed whether Ethena has completed the sale.
Express News | Coinbase will terminate support for USDC deposits and withdrawals on the Noble network on August 17.
Coinbase will terminate support for USDC deposits and withdrawals on the Noble network on August 17, after which users will no longer be able to send or receive USDC on this network. Coinbase reminds users not to send USDC to Coinbase deposit addresses on the Noble network after August 17, as such funds will be irretrievable.
Volatility Exits Crypto, TradFi Markets Even as U.S.-Iran Risks Linger, Sovereign Debt Rises: Crypto Daybook
Bitcoin's 30-day implied volatility index, BVIV, has dropped back to a 2026-low near 36%, reversing the minor pop to nearly 38% earlier this week, according to data source TradingView.