Revolut has integrated Polygon as its main blockchain infrastructure for stablecoin transfers and transactions, allowing users to use USDC and USDT within the app with zero fees, as well as to trade and stake POL tokens. By 2025, the volume is expected to reach 690 million USD.

The LIBRA project on Solana faced controversy after a significant cashout by its team, leading to investigation and skepticism within the crypto community. Despite trading issues, some view the activity as a future opportunity.

According to Mars Finance, Circle has minted approximately 2.25 billion USDC on the Solana blockchain in the past 7 days, according to SolanaFloor statistics. This brings the total minted amount of USDC on the Solana blockchain to 41.75 billion USD by 2025.

According to Mars Finance, the blockchain analysis platform Bubblemaps has monitored that two wallets related to the Meme coin LIBRA scandal supported by Argentine President Milei, after a period of silence, exchanged 60 million USDC for SOL.

[USDC](https://www.gate.com/post/topic/USDC) [DeFi](https://www.gate.com/post/topic/DeFi) [监管](https://www.gate.com/post/topic/%E7%9B%A3%E7%AE%A1) In the rapid changes of digital finance, stablecoin investment strategies are becoming increasingly important. USDC coin has become the focus of the stablecoin market in 2025, attracting investors with its stability and transparency. Exploring the price movement of USDC coin not only reveals its market resilience, but the comparison of USDC coin trading platforms and Risk Management also provides investors with a comprehensive perspective. Furthermore, the comparison of USDC coin with other stablecoins and its applications in Decentralized Finance showcase the revolution of emerging financial tools.

According to Mars Finance news, it is reported that the on-chain Address "0x8d0" deposited 9 million USD USDC to the HyperLiquid platform and opened a Long Position with 20x leverage on ETH and SOL. This address had previously incurred a loss of approximately 7.4 million USD in trading.

According to Mars Finance, on-chain analysis platform Lookonchain monitored that a certain Whale deposited 1.84 million USDC into Hyperliquid and placed a Bitcoin limit long order between $88,611 and $89,211.

Gate has launched a new GUSD minting rewards mechanism, allowing users with a net deposit of 5000 USDT to enjoy an annualized return of up to 50%, alongside a base return of 4.4%. The event runs from November 14, 2025, to November 28, 2025, during which users can participate in various financial projects through GUSD holdings to enhance asset returns.

Press Release Panama City, Panama, November 17th, 2025, Chainwire Deribit, a leading digital asset derivatives exchange, and SignalPlus, a leading provider of cutting-edge software and infrastructure solutions for crypto derivatives, today announced the launch of their latest trading

Panama City, Panama, November 17th, 2025, Chainwire Deribit, a leading digital asset derivatives exchange, and SignalPlus, a leading provider of cutting-edge software and infrastructure solutions for crypto derivatives, today announced the launch of their latest trading competition, running from No

According to Mars Finance, on-chain data shows that Address 0xa2c...b3126 deposited approximately 3.617 million USDC to the HyperLiquid platform an hour ago as Margin, and quickly opened 22 long positions in alts. The total position valuation is currently about 19.86 million USD, and there are still 10 positions (valued at approximately 1.42 million USD) waiting for execution in TWAP.

Venture capital firm a16z believes that ecosystem-locked tokens, similar to airline miles, could be key for developers in creating a stable digital economy. a16z points out that one of the most undervalued types of tokens in crypto assets is "Arcade Tokens." These tokens maintain a relatively stable value within specific software or product ecosystems, akin to airline mileage rewards, allowing users to perform specific functions within the ecosystem rather than speculate.

Mizuho Securities has downgraded Circle Internet Group to "Underperform" with a target price cut from $84 to $70. Analysts pointed out that despite a good performance in the third quarter, the future earnings outlook is pressured by interest rate cuts and increased competition, while the expiration of lock-up periods and new competitors will impact market share.

According to Mars Finance news, market sources report that USDC Treasury has minted 500 million USDC on Solana.

Circle announced its third-quarter revenue to be 740 million USD, exceeding market expectations, but CRCL stock closed with a big dump of 12.2% on that day. The Bernstein analyst team indicated that the recent weakness in Circle's stock price reflects the market's excessive concerns over interest rate cuts and competitive pressures from companies like Stripe, rather than any structural deterioration. The analysts reiterated their "outperform" rating on the stock with a target price of 230 USD.

The Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, warned at the Singapore FinTech Festival on Thursday that unregulated stablecoins have an uneven record in maintaining their pegs and are unsuitable as safe settlement assets for large wholesale transactions. He likened the de-pegging risks to the 2008 money market fund bank run, stating that Singapore is preparing legislation for its stablecoin framework finalized in August this year.

The market is concerned that the decline in the Intrerest Rate will affect future earnings, leading to a big dump in Circle's stock price. JPMorgan has upgraded its rating to "Overweight," with a target price of $100, due to its third-quarter performance exceeding expectations and improvements in the fundamentals. Ark Invest has also increased its holdings in Circle stocks at this time.

Circle Internet Group beat third-quarter Wall Street expectations on Wednesday, with revenue growth significantly higher than analyst expectations thanks to higher reserve income and rising USDC circulation However, shares fell due to concerns about competition and valuation Circle Internet

Deep Tide TechFlow news, on November 13, according to CoinDesk, USDC issuer Circle announced the launch of StableFX, a stablecoin-based forex engine aimed at enabling 24/7 on-chain currency trading through its self-developed Arc blockchain. The product is currently live on the Testnet and is planned to launch on the Mainnet in 2025. StableFX allows institutional users to trade stablecoin currency pairs in real-time and provides quotes from multiple liquidity providers. Circle also launched Circle Partner.

In November 2025, Yevgeny Masharov, a member of the Legislative Review Committee of the Federation Council of Russia, called on the Federal Assembly to expedite the formulation of a regulatory framework for Crypto Assets, suggesting that transactions be restricted to the Moscow exchange and licensed banks, and that criminal liability be imposed for illegal transactions. The background of this motion is that Russian IP addresses accounted for 28% of the total traffic on a certain CEX platform in October, which translates to 4.9 million visits, reflecting the urgent demand for alternative assets among the public due to the depreciation of the ruble, capital controls, and international sanctions.

The $PLAY token is the core economic engine of the Play Solana SuperHUB, a vertically integrated Web3 gaming ecosystem on Solana featuring the PSG1 handheld console and a unified launcher for games, identity, and DeFi.

Author: Nancy, PANews After the U.S. "GENIUS Act" was implemented in July, Circle, known as the "first publicly traded stablecoin," recently released its first financial report following the new policy. Although the revenue slightly exceeded expectations, the stock price still fell due to a single profit structure, low profitability, as well as downward pressure on interest rates and the impending release of a large number of shares, which has raised short-term concerns in the market. However, Circle is actively creating a second growth curve through new business layouts such as the Arc public chain and USYC tokenized currency fund, exploring diversified revenue sources to reduce its reliance on interest rates. USDC supports the revenue banner, while distribution costs further erode profit margins. Circle's latest financial report shows that total revenue for this quarter is close to $740 million, with USDC reserve income reaching $711 million, a year-on-year increase of 60%, accounting for 96.1% of total revenue (slightly down from the same period last year).

Ethereium-based lending protocol Morpho has gotten the Elixir sdeUSD/USDC exchange off its USDC vault following the drop in value of its stablecoin, deUSD. The delisting led to a loss of 3.6% bad debt which is a significant loss in the Morpho system of vaults. This move was soon after Elixir

Circle Internet Group Inc. (NYSE: CRCL) delivered strong Q3 2025 results, reporting total revenue and reserve income of $740 million—a 66% increase year-over-year—fueled by robust growth in USDC circulation to $73.7 billion and on-chain transaction volume reaching $9.6 trillion.

According to Mars Finance news, Onchain Lens monitoring shows that a whale who previously deposited 8 million USDC and went long on ETH (25x leverage ) has now completely closed all positions, making a profit of 336,000 USD.

Despite Circle announcing strong third-quarter results, CRCL stock still fell sharply by 12.2% on November 12, closing at $86.3. However, Cathie Wood's Ark Invest purchased $30.5 million worth of Circle stock through its three exchange-traded funds. Analysts rated CRCL stock as "outperforming the market," encouraging investors to build a position on dips.

Due to market concerns that interest rate cuts will compress future earnings, stablecoin issuer Circle's stock price fell by 12%. Even though third-quarter revenue and earnings exceeded expectations, the company still suffered a loss of 200 million USD due to equity incentive expenses. The CEO believes that lowering interest rates will promote product adoption and pointed out that network rise is key to revenue. Analysts remain cautious about its valuation rating.

MEV Capital updates on the progress of the Morpho USDC treasury, having removed the sdeUSD/USDC trading pair from Elixir, resulting in nearly 3.6% bad debt. The treasury no longer holds Elixir assets, and MEV Capital is collaborating with relevant parties to address the creditor issues of Elixir. Elixir has announced that its stablecoin deUSD has been retired and the USDC compensation process has been initiated.

On November 12, 2025, Circle Internet Group Inc. (NASDAQ: CRCL) saw its stock price fall 13% after announcing its third-quarter earnings report, marking the largest single-day drop since June. Despite a 66% rise in quarterly revenue to $740 million, exceeding market expectations, the reserve yield decreased by 96 basis points to 4.15%, raising investor concerns about the sustainability of the stablecoin business model during the interest rate downcycle. Company founder Jeremy Allaire emphasized that USDC Circulating Supply more than doubled year-on-year, but the market is more focused on the potential impact of Fed rate cuts on core profit sources.

According to Mars Finance news, a newly created Wallet has deposited 8 million USD into the HyperLiquid platform and opened long positions on ETH with 25 times leverage. The Position size is 10,695 ETH, worth approximately 37 million USD, with an entry price of 3,498 USD and a liquidation price of 2,808 USD.

Visa is launching a pilot program allowing companies to send fiat USD payments, which recipients will receive in USDC stablecoin. Aimed at supporting gig economy workers, the roll-out is expected in late 2026, pending regulatory approval.

Circle is cashing in on stability. The USDC issuer posted $740 million in third-quarter revenue, a 66% jump from last year, as its flagship stablecoin's circulation more than doubled. Summary Circle posted $740 MILLION in Q3 revenue, up 66% year-on-year, with USDC circulation rising 108%

Circle's Q3 financial report shows total revenue reached $740 million, a year-on-year increase of 66%, with a net profit of $214 million, a year-on-year increase of 202%, both exceeding expectations. The circulating supply of USDC reached $73.7 billion, a year-on-year increase of 108%. CRCL on the US stock market reported $93 in pre-market, a fall of about 5%.

Visa is testing USDC stablecoin payouts, enabling U.S. businesses to pay in fiat while recipients get stablecoins. This pilot aims for quicker, borderless payments for gig workers, with a broader rollout planned for 2026.

With Revenue Eyed at $700M and 19% Circulation Growth, Stablecoin Leader Signals DeFi Expansion and Profit Rebound Toward $1B Quarterly Milestone by Mid-2026

Visa is testing a service that allows corporate accounts funded with fiat currency to pay USD stablecoins to cryptocurrency wallets. On Wednesday at the online summit in Lisbon, Portugal, Visa announced that the pilot program enables users of its digital payment network Visa Direct to send stablecoins like USDC directly to crypto wallets.

In November 2025, global payments giant Visa launched a groundbreaking pilot project allowing U.S. businesses to directly pay creators, freelancers, and gig economy workers with USDC stablecoins via Visa Direct. Recipients need to have compatible wallets and meet KYC/AML requirements to enable cross-border transfers in minutes, especially benefiting regions with high currency volatility or limited banking services. Visa CEO Ryan McInerney revealed that the company has processed over $140 billion in crypto and stablecoin transactions, with stablecoin-related card spending quadrupling year-over-year in Q4. This pilot is based on the September upgrade of the stablecoin pre-funding scheme and is expected to expand in the second half of 2026, marking a new phase in the integration of traditional finance and digital assets.

According to Mars Finance, global payment giant Visa has officially launched a stablecoin payment pilot program, allowing creators, freelancers, and businesses to receive payments directly in USDC issued by Circle through Visa Direct, enabling cross-border instant settlement. Visa stated that during the pilot phase, businesses can initiate payments in fiat funds in the U.S., while the recipients can choose to receive USDC directly, with funds almost available within minutes, which will bring convenience to users in areas with currency fluctuations or limited bank access. Chris Newkirk, President of Visa's Commercial and Money Movement Solutions, said: "The launch of stablecoin payments means truly achieving 'funds available in minutes', allowing any global user to quickly and securely receive income." It is reported that this pilot is a further expansion of Visa's stablecoin program. In September of this year, Visa had...