When the CEO of the company that issues USDC tells you a specific protocol is moving more of his stablecoin than anyone else, it’s worth paying attention. Circle’s Jeremy Allaire singled out Aerodrome, the dominant decentralized exchange on Coinbase’s Base network, as the application responsible for the highest USDC transfer volume among tracked crypto apps.
Allaire’s remarks, captured in a video shared by Aerodrome’s official social media account, put a spotlight on a protocol that has quietly become the plumbing beneath an enormous share of on-chain stablecoin activity.
The numbers behind Aerodrome’s USDC dominance Aerodrome’s influence on USDC flows isn’t a rounding error. According to Coin Metrics data, the platform accounts for approximately 50% of Base’s USDC adjusted transfer volume during peak periods. One concentrated liquidity pool in particular, the WETH/USDC pair, is responsible for roughly 32% of adjusted transfer volumes across Base’s entire USDC activity.
USDC adjusted transfer volumes have cumulatively reached tens of trillions of dollars in 2026. Much of this volume is driven by DeFi mechanics: liquidity provider rebalancing, concentrated liquidity management, and MEV (miner extractable value) activity.
How Aerodrome became Base’s liquidity backbone Aerodrome launched as a fork of Velodrome, itself a descendant of Solidly, the DEX model pioneered by Andre Cronje. The core innovation is a vote-escrow tokenomics system where liquidity providers earn AERO, the protocol’s native token, and token holders can lock their AERO to direct emissions toward specific pools.
In practice, this creates a flywheel. Protocols that want deep liquidity for their tokens bribe AERO voters to direct rewards toward their pools. More rewards attract more liquidity providers. Deeper liquidity attracts more trading volume. More volume generates more fees, which makes AERO more valuable, which attracts more voters.
Aerodrome has also rolled out matching incentive programs designed to attract more USDC liquidity into its pools.
What Circle’s endorsement signals for DeFi Jeremy Allaire publicly acknowledging a DeFi protocol as his stablecoin’s top transfer venue is notable for reasons beyond marketing. Circle has spent years cultivating relationships with traditional financial institutions, regulators, and payment companies. For its CEO to highlight a permissionless DEX as the leading USDC application reflects how far decentralized infrastructure has come in absorbing real financial activity.
For Base specifically, the concentration of USDC activity in Aerodrome means that any technical failure, exploit, or governance dispute at Aerodrome could ripple across the entire network’s liquidity landscape, given that a single protocol drives half of the chain’s stablecoin flows during peak periods.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: CRCL stock outlook centers on $90 support after shares closed at $90.60. They gained 0.31% Friday but lost 11.22% weekly. CME FedWatch placed quarter-point hike odds near 87%. The Federal Reserve announces its decision after the September 15–16 meeting. Circle reported $668 million in second-quarter reserve income. Higher USDC circulation partly offset a 66-basis-point drop in reserve yield. Failure at $90 may expose $87.14. Sustained buying above $100 could reopen $103 to $105 before traders assess $107 and $110. CRCL stock outlook turns cautious after Circle shares closed Friday at $90.60, up 0.31% during the session. The stock traded between $90.14 and $95.80, then finished near the lower end of that range. Market data show a full 11.22% weekly decline, extending the recent pullback.
CME FedWatch priced roughly 87% odds of a quarter-point Fed rate hike before Wednesday’s decision. That prospect creates competing pressures, as higher short-term rates may lift Circle’s reserve returns.
However, tighter financial conditions could weaken crypto demand, equity valuations, and investor risk appetite during a policy-heavy week. Nearby price levels now frame the immediate debate.
Circle Internet Group, CRCL stock CRCL Stock Outlook Weighs Fed Rate Hike and Reserve Income The Federal Reserve meets September 15–16 and releases its decision Wednesday. CME FedWatch probabilities come from futures prices, so they can shift before the announcement.
August core consumer prices rose 0.3% monthly, above the 0.2% estimate. Headline inflation increased 0.4% monthly and 3.4% yearly. Those readings, alongside oil above $100, strengthened the Fed rate hike case.
Source: Fed watch data For Circle, higher policy rates can improve yields on cash and short-term Treasury assets backing USDC reserves over time. The benefit is not automatic or immediate.
Circle reported $668 million of second-quarter reserve income, or about 95.3% of total revenue and reserve income. The figure rose 5.3% yearly as USDC circulation increased 25.2%. However, the average reserve yield fell 66 basis points, offsetting much of the balance growth.
This earnings mix keeps the CRCL Stock Outlook tied to both interest rates and USDC adoption. A quarter-point increase could support future reserve returns as holdings reprice. Conversely, tighter liquidity may reduce crypto activity or slow stablecoin circulation, limiting that potential gain.
The CRCL stock outlook also faces equity-market pressure from rising Treasury yields. Higher discount rates often weigh on growth shares with elevated earnings expectations. Circle’s business can gain from yields while its valuation faces pressure from the same move.
Investors will therefore watch the rate decision, projections, and Chair Kevin Warsh’s guidance. One increase may help near-term yield expectations. Signals of prolonged tightening could produce a harsher response across technology, fintech, and digital-asset shares.
Key Price Levels and Crypto Events Set the Next Move Price action places $90 at the center of the CRCL stock prediction. Friday’s $90.14 low attracted buyers, but the finish near $90.60 kept downside risk visible. A decisive close below $90 would weaken the short-term structure and expose $87.14, an earlier closing pivot.
Bulls first need to reclaim $95, which limited Friday’s rebound before the $95.80 session high. The psychological $100 mark forms the next test. Sustained buying above $100 could reopen $103 to $105, followed by $107 and $110. Repeated rejection below $95 would leave sellers controlling the near-term range.
The CRCL stock outlook also includes Tuesday’s procedural Senate vote on the CLARITY Act. Senators need 60 votes to advance debate, and the vote does not enact the bill. The legislation seeks clearer boundaries for digital assets and their regulators. Its progress may affect sentiment toward Circle, USDC, exchanges, and other crypto-linked companies.
🚨 NEXT WEEK COULD BE AN ABSOLUTE BLOODBATH FOR GLOBAL MARKETS.
Sept. 14: US markets reopen after some of the biggest AI names spent the weekend warning that AI growth may need to slow down.
That matters because the entire stock market has been riding the AI trade.
Digital-asset performance adds another variable to the CRCL stock prediction. Stronger crypto activity can support stablecoin transfers and circulation. Sharp declines can reduce risk appetite, even when reserve yields improve.
The CRCL stock outlook now hinges on rates, policy news, and whether buyers defend the $90 area. Holding $90 would preserve the immediate base.
Failure at $90 would shift attention toward $87.14. Investors would then assess Treasury yields, USDC circulation, and the Fed’s guidance before pricing the next range. A break above $100 would place $103 to $105 back in view, with $107 and $110 beyond.
Amp removes platform access barriers: Run Coding Agent for free using only ChatGPT and a computer
Beating AI Insight News Brief: Amp Launches Free Hobby Tier. Amp, a coding agent company spun off from Sourcegraph, offers tools similar to Claude Code and Codex, enabling AI to autonomously read, modify code, run commands, and execute tests. Users can now access Amp for free by using their own computers and connecting their existing ChatGPT subscriptions or model API keys, with no additional monthly fees or BYOK (Bring Your Own Key) token charges. When Amp rolled out its subscription model in July this year, connecting a ChatGPT subscription required at least the $20/month Megawatt plan. For BYOK users, Amp previously charged extra token fees and imposed restrictions even when using their own model keys. Both of these charges have now been eliminated. Users remain responsible for their own ChatGPT subscription fees or API-related model costs. Amp also offers Orb, a remote cloud computer product that creates isolated environments for each task. With code and development tools hosted in Orb, the agent can continue working even after the user shuts down their local computer, and it supports running multiple tasks simultaneously. Orb remains pay-as-you-go; users who don’t want to pay for Orb can instead run Amp directly on their local computers. Additionally, Amp is expanding its BYOK support. Paid users can already connect to OpenRouter, Amazon Bedrock, Azure Foundry, Ollama Cloud, and custom model APIs, with plans to roll out this access to all users soon.
29 minutes ago
ElevenLabs Music v2.5 Launches: Free Tier Now Grants Commercial Usage Rights, 5 Lossless Downloads Per Day
Beating AI News Brief: ElevenLabs has launched Music v2.5, making it the default model for ElevenMusic. The new version focuses on improving melody, arrangement layers, and instrument realism. The company conducted 47,885 blind tests, generating versions of identical prompts with both v2 and v2.5; v2.5 won most comparisons, with the biggest performance gaps seen in R&B, soul, hip-hop, rock, metal, orchestral, and film soundtrack genres. Additionally, licensing terms have been relaxed: Free users can download 5 lossless songs daily, and generated content is eligible for commercial use, provided it is labeled "Made with ElevenMusic". Pro users get 400 lossless downloads monthly, no labeling required, and can distribute their songs to streaming platforms. Permissions granted at creation will not change if a user downgrades their plan or cancels their subscription. Adaptations of other artists’ songs cannot be downloaded or publicly distributed. ElevenLabs also clarified that Music v2 will not be retired. Separately, Suno recently launched v6 while retiring all its previous models, sparking dissatisfaction among many long-time users. A Hacker News (HN) user who tested both tools noted that ElevenLabs’ v2.5 has better audio quality, but they still prefer Suno v5 for musicality.
29 minutes ago
Cathie Wood strongly supports David Sacks’ view: Reports claiming “AI will destroy humanity” are orchestrated.
Cathie Wood noted that David Sacks, co-chair of the U.S. President’s Council of Advisors on Science and Technology (PCAST), believes recent reports about "AI destroying humanity" may be orchestrated. The comments originated from a long-inactive X account belonging to an Anthropic employee who left the company just six weeks after joining, and the content quickly made its way into mainstream media. Sacks also named the parties involved in the incident and criticized The Wall Street Journal for its role. Recently, Anthropic CEO Dario Amodei published a lengthy essay calling for slowing the advancement of frontier AI capabilities, arguing that AI is increasingly involved in developing the next generation of AI. Paired with multiple recent incidents of AI agent malfunctions, he added, security research is failing to keep pace with capability growth. Sam Altman soon publicly backed the call, stating that OpenAI has also been discussing "pacing the frontier" in recent weeks, and announced the company will introduce similar long-term independent assessors. Sacks, former White House AI and crypto chief and current PCAST co-chair, then fired back: "If you truly believe internal models are dangerous, shut them down yourselves." He argued that requiring government approval for the largest AI firms to collaborate on setting speed limits would amount to a cartel, and also singled out METR, questioning whether it is fit to serve as an independent referee for the entire industry. METR has long conducted external evaluations for companies including Anthropic and OpenAI, and recently hired Joe Benton, an Anthropic security researcher who left the firm. However, METR clarified that it does not accept funding from these frontier AI companies, only model access and free tokens.
29 minutes ago
EMBER's market cap briefly topped $40 million, surging 48.7% in the past 24 hours.
According to GMGN market data, the market capitalization of EMBER, the platform token of Solana-based token launch platform Ember Curve, briefly exceeded $40 million and currently stands at $35 million. The token has rallied 48.7% in the past 24 hours, with a 24-hour trading volume of $27.3 million. Ember Curve is a new token launch platform on Solana built on Meteora. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.
29 minutes ago
An address associated with the LSK project team deposited 3.29 million LSK tokens into Binance 5 hours ago, valued at $3.79 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, today, the so-called "meme coin" LSK’s project-linked address deposited 3.29 million tokens to Binance five hours ago, valued at $3.79 million. The deposit came after LSK’s first sharp drop from $2 to $1, and shortly afterward, the token saw a second plunge, falling from $1.22 to $0.7 before rebounding to $1.17. Per Coinglass data, LSK’s liquidation volume over the past 24 hours hit $44.66 million, second only to ETH.
29 minutes ago
Iran to discuss new passage in Strait of Hormuz with relevant countries
Iranian Foreign Minister Hossein Amir-Abdollahian stated in an interview on the 13th that a meeting scheduled for the 14th in Oman will center on a new maritime corridor in the Strait of Hormuz. Iran will present to participating countries the details of the relevant agreement reached with Oman and the roadmap for the new corridor. Amir-Abdollahian emphasized that the Iran-Oman deal does not signify the reopening of the Strait of Hormuz. He noted that the prerequisite for Iran to reopen the strait is that the United States fulfills its commitments under the "Islamabad Memorandum of Understanding". (Source: CCTV News)
Coinbase took a stablecoin that started as a side project, grew it into the second-largest dollar token in crypto, and turned USDC into the default currency of decentralized finance. Now the company wants to run the same play with stocks.
The exchange launched tokenized versions of US equities on its Base layer-2 network starting August 24, beginning with four tech giants: Nvidia, Apple, Meta, and Alphabet. Within the first month, cumulative decentralized exchange volume for those tokens surpassed $228 million, with daily volumes hitting roughly $100 million shortly after launch.
How the tokens actually work Each tokenized stock, denoted with a “c” suffix like NVDAc or AAPLc, represents a 1:1 claim on an actual share of the underlying company. They are real equity positions, held in regulated custody by Alpaca under oversight from the Abu Dhabi Global Market.
CEO Brian Armstrong has described the approach as “true ownership,” where token holders possess actual equity in the companies represented on the blockchain. That framing is deliberate. Earlier attempts at tokenized stocks, from platforms like FTX and Binance, relied on synthetic structures that gave users price exposure without genuine ownership rights.
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The tokens are built on Coinbase’s proprietary B20 standard, which enables compatibility with DeFi protocols. Users can already interact with these assets through platforms like Aave and Morpho, meaning tokenized Apple shares could theoretically serve as collateral for on-chain loans. Dividends are distributed automatically to holders.
The initial offering is structured under Regulation S, which means US persons are excluded from participation for now.
From four stocks to ten, and counting On September 4, the platform added six more names: Amazon (AMZNc), Microsoft (MSFTc), Tesla (TSLAc), SpaceX (SPCXc), SanDisk (SNDKc), and MasterCard (MSTRc). The SpaceX inclusion stands out, given that the company’s shares are not publicly traded on traditional exchanges.
The company has described this initiative as part of becoming an “everything exchange,” a platform where users can trade crypto, earn yield, hold stablecoins, and now own fractional positions in major equities, all from a single interface.
A crowded field, but early innings Coinbase is not alone in spotting this opportunity. Kraken and Robinhood are both developing their own tokenized stock solutions.
For the DeFi ecosystem specifically, tokenized stocks introduce an entirely new class of collateral. If NVDAc can be deposited into Aave as collateral for a USDC loan, the capital efficiency of on-chain markets improves dramatically. Users no longer need to choose between holding equities and participating in DeFi.
Coinbase’s decision to launch under Reg S and exclude US users is pragmatic but also limiting. If and when US regulators provide a framework for tokenized securities, Coinbase would be positioned to bring those products to domestic users. Until then, Coinbase is building its infrastructure and liquidity overseas.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
LSK has surged more than 515% in the past 24 hours, currently trading at $1.24.
According to HTX market data, Lisk (LSK) has surged over 515% in the past 24 hours, currently trading at $1.24.
4 minutes ago
Tom Lee: Crypto market will be 'very bullish' over the next 12 months, with the four-year cycle bottom potentially arriving next month.
Tom Lee, chairman of Ethereum treasury firm BitMine, said the crypto market will enter a "very bullish" phase over the next 12 months. He pointed out that on October 10 last year, the crypto market experienced over $19 billion in leveraged position liquidations due to U.S. threats to impose 100% tariffs on China, which cleared a large volume of borrowed capital, and the bottom of the crypto market’s four-year cycle may emerge next month. Lee is also optimistic about the long-term opportunities brought by asset tokenization. He estimated that if $100 trillion in assets migrate on-chain in the future and generate a 1% yield from these assets, this would produce around $1.1 trillion in annual revenue, corresponding to a roughly $20 trillion market opportunity when valued using traditional corporate metrics. However, BitMine currently holds 5.93 million ETH, with related positions posting an unrealized loss of approximately $50 billion. For over a decade, Fundstrat has consistently advised clients to allocate 2% of their investment portfolios to crypto assets; Lee stated that in client accounts that follow this recommendation, crypto assets now make up more than 85% of the total portfolio.
4 minutes ago
ARC-AGI-4 Advance Teaser: Next-Gen Release Will Test Whether AI Can Independently Invent New Things
Beating AI News Brief: Nonprofit AI evaluation body ARC Prize has announced the upcoming ARC-AGI-4, its next-generation benchmark focused on testing "autonomous open innovation" — assessing whether AI can independently explore, generate new ideas, and even make inventions and discoveries. Specific test questions, scoring criteria, and release date have not been disclosed yet. ARC Prize noted that humans still hold a clear lead over AI in open innovation, a core capability driving scientific and technological advancement. The announcement also cites Dario Amodei’s recently published article on AI slowdown. The organization emphasized that open-source remains fundamental to AI progress, opposing industry efforts to reduce openness and concentrate cutting-edge AI in the hands of a small number of institutions in the name of coordinated slowdown. ARC-AGI has long been hailed as the world’s most challenging AGI benchmark. When ARC-AGI-3 launched, humans scored 100%, while leading AI models achieved just 0.51%. The latest GPT-6 Astra has made significant gains, but only scored 62.7% under the unified Standard harness; it jumped to 99.9% when paired with OpenAI’s proprietary Provider Adapter. ARC Prize is now set to advance to the next challenge: testing whether AI can independently drive innovation.
4 minutes ago
Analysts: South Korean exchanges will test evening trading next week, a move that will gauge global demand.
South Korea’s major stock exchanges are extending trading hours into the evening, breaking Asian trading time conventions, in a bid to attract sustained demand from global investors. As part of its goal to launch 24-hour trading by December 2027, the Korea Exchange (KRX) will open trading for nearly all local stocks until 8 PM starting next Monday, up from the previous regular closing time of 3:30 PM. This marks the first such move among major Asian exchanges, aligning with the global trend of all-day trading. The new measure launching next Monday will test whether KRX can maintain sufficient liquidity over extended trading days and confirm if investors truly need the extra time—even as interest in South Korean stocks is cooling. Young-jae Lee, senior investment manager at London-based Pictet Asset Management, said: “Longer trading windows typically give investors more flexibility, making the market more efficient. Trading-oriented investors with higher turnover, or hedge fund-style investors, may use it more frequently.” Edward Kim, head of Korean equity sales at Bank of America, noted this is “another step in the continuous evolution of South Korea’s capital market and its accessibility to global investors.” (Jinshi)
4 minutes ago
Two crypto billionaires each donated $48.7 million to the UK’s Reform Party, tying for the record for the largest individual political donation in British history.
Crypto investor Christopher Harborne donated ￡36 million (approximately $48.7 million) to Nigel Farage-led UK Reform UK on Saturday, matching the amount of BitMEX co-founder Ben Delo’s donation the previous day. The two crypto billionaires combined to give ￡72 million (roughly $97.4 million) within 24 hours, with the two contributions tied as the largest individual political donations in UK party history. Harborne, an investor in stablecoin issuer Tether and crypto exchange Bitfinex, stated he is not seeking a peerage or policy adjustments. Nigel Farage said the funds will help Reform UK contest the next UK general election. Reports did not clarify if the latest donation was made in cryptocurrency; Harborne’s prior ￡9 million donation was in cash. The Metropolitan Police is currently investigating allegations related to political donations to Reform UK. Farage is also under parliamentary standards scrutiny over a ￡5 million personal grant he received from Harborne before being elected as an MP in 2024, with both Reform UK and Farage denying any wrongdoing.
4 minutes ago
XXAntiWar has shorted ZEC worth $4.5 million again, with an unrealized loss of $23,000 currently.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, addresses linked to prominent trader @XXAntiWar have completed 3 ZEC short positions, generating a total profit of approximately $727,000, with a 100% win rate on settled trades. An additional 3x short position worth $4.5 million remains open, currently showing an unrealized loss of around $23,000. Details are as follows: · Address 0xfe5…5d850 opened two ZEC short positions near $1,273 and $1,181 respectively, accumulating a profit of roughly $693,000; · Address 0x0c4…5d516 shorted ZEC worth $3.56 million at an entry price of $1,129, earning a profit of about $34,000; · Address 0x9bb…9bbf2 opened a 3x ZEC short position worth $4.5 million at 5 AM today, with an entry price of $1,120.8, currently facing an unrealized loss of approximately $23,000.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to on-chain analyst Yu Jin’s monitoring, trader Point Farm Capital (@pointfarmcap) has generated an unrealized profit of $10 million from STONK. The trader invested a total of 1 million USDC to purchase 37.21 million STONK at an average market cap of approximately $21 million. As STONK’s market cap has risen to $240 million, the position’s return has reached roughly 10x.
According to Lookonchain monitoring, whale address BS3YsB spent 4.4 million USDC yesterday to purchase 15.06 million STONK at an average price of $0.295.
LSK has surged more than 515% in the past 24 hours, currently trading at $1.24.
According to HTX market data, Lisk (LSK) has surged over 515% in the past 24 hours, currently trading at $1.24.
4 minutes ago
Tom Lee: Crypto market will be 'very bullish' over the next 12 months, with the four-year cycle bottom potentially arriving next month.
Tom Lee, chairman of Ethereum treasury firm BitMine, said the crypto market will enter a "very bullish" phase over the next 12 months. He pointed out that on October 10 last year, the crypto market experienced over $19 billion in leveraged position liquidations due to U.S. threats to impose 100% tariffs on China, which cleared a large volume of borrowed capital, and the bottom of the crypto market’s four-year cycle may emerge next month. Lee is also optimistic about the long-term opportunities brought by asset tokenization. He estimated that if $100 trillion in assets migrate on-chain in the future and generate a 1% yield from these assets, this would produce around $1.1 trillion in annual revenue, corresponding to a roughly $20 trillion market opportunity when valued using traditional corporate metrics. However, BitMine currently holds 5.93 million ETH, with related positions posting an unrealized loss of approximately $50 billion. For over a decade, Fundstrat has consistently advised clients to allocate 2% of their investment portfolios to crypto assets; Lee stated that in client accounts that follow this recommendation, crypto assets now make up more than 85% of the total portfolio.
4 minutes ago
ARC-AGI-4 Advance Teaser: Next-Gen Release Will Test Whether AI Can Independently Invent New Things
Beating AI News Brief: Nonprofit AI evaluation body ARC Prize has announced the upcoming ARC-AGI-4, its next-generation benchmark focused on testing "autonomous open innovation" — assessing whether AI can independently explore, generate new ideas, and even make inventions and discoveries. Specific test questions, scoring criteria, and release date have not been disclosed yet. ARC Prize noted that humans still hold a clear lead over AI in open innovation, a core capability driving scientific and technological advancement. The announcement also cites Dario Amodei’s recently published article on AI slowdown. The organization emphasized that open-source remains fundamental to AI progress, opposing industry efforts to reduce openness and concentrate cutting-edge AI in the hands of a small number of institutions in the name of coordinated slowdown. ARC-AGI has long been hailed as the world’s most challenging AGI benchmark. When ARC-AGI-3 launched, humans scored 100%, while leading AI models achieved just 0.51%. The latest GPT-6 Astra has made significant gains, but only scored 62.7% under the unified Standard harness; it jumped to 99.9% when paired with OpenAI’s proprietary Provider Adapter. ARC Prize is now set to advance to the next challenge: testing whether AI can independently drive innovation.
4 minutes ago
Analysts: South Korean exchanges will test evening trading next week, a move that will gauge global demand.
South Korea’s major stock exchanges are extending trading hours into the evening, breaking Asian trading time conventions, in a bid to attract sustained demand from global investors. As part of its goal to launch 24-hour trading by December 2027, the Korea Exchange (KRX) will open trading for nearly all local stocks until 8 PM starting next Monday, up from the previous regular closing time of 3:30 PM. This marks the first such move among major Asian exchanges, aligning with the global trend of all-day trading. The new measure launching next Monday will test whether KRX can maintain sufficient liquidity over extended trading days and confirm if investors truly need the extra time—even as interest in South Korean stocks is cooling. Young-jae Lee, senior investment manager at London-based Pictet Asset Management, said: “Longer trading windows typically give investors more flexibility, making the market more efficient. Trading-oriented investors with higher turnover, or hedge fund-style investors, may use it more frequently.” Edward Kim, head of Korean equity sales at Bank of America, noted this is “another step in the continuous evolution of South Korea’s capital market and its accessibility to global investors.” (Jinshi)
4 minutes ago
Two crypto billionaires each donated $48.7 million to the UK’s Reform Party, tying for the record for the largest individual political donation in British history.
Crypto investor Christopher Harborne donated ￡36 million (approximately $48.7 million) to Nigel Farage-led UK Reform UK on Saturday, matching the amount of BitMEX co-founder Ben Delo’s donation the previous day. The two crypto billionaires combined to give ￡72 million (roughly $97.4 million) within 24 hours, with the two contributions tied as the largest individual political donations in UK party history. Harborne, an investor in stablecoin issuer Tether and crypto exchange Bitfinex, stated he is not seeking a peerage or policy adjustments. Nigel Farage said the funds will help Reform UK contest the next UK general election. Reports did not clarify if the latest donation was made in cryptocurrency; Harborne’s prior ￡9 million donation was in cash. The Metropolitan Police is currently investigating allegations related to political donations to Reform UK. Farage is also under parliamentary standards scrutiny over a ￡5 million personal grant he received from Harborne before being elected as an MP in 2024, with both Reform UK and Farage denying any wrongdoing.
4 minutes ago
XXAntiWar has shorted ZEC worth $4.5 million again, with an unrealized loss of $23,000 currently.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, addresses linked to prominent trader @XXAntiWar have completed 3 ZEC short positions, generating a total profit of approximately $727,000, with a 100% win rate on settled trades. An additional 3x short position worth $4.5 million remains open, currently showing an unrealized loss of around $23,000. Details are as follows: · Address 0xfe5…5d850 opened two ZEC short positions near $1,273 and $1,181 respectively, accumulating a profit of roughly $693,000; · Address 0x0c4…5d516 shorted ZEC worth $3.56 million at an entry price of $1,129, earning a profit of about $34,000; · Address 0x9bb…9bbf2 opened a 3x ZEC short position worth $4.5 million at 5 AM today, with an entry price of $1,120.8, currently facing an unrealized loss of approximately $23,000.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Renowned trader Bonk Guy (@theunipcs) published a post explaining his reasons for buying EMBER. He noted he first noticed the project when EMBER’s market cap was around $3 million, but after observing its rapid platform data growth for a day, he began accumulating it consistently in the $7 million to $20 million market cap range. He believes EMBER’s technology, early-stage data, and growth potential have not yet been fully priced in by the market. Addressing recent controversies, Bonk Guy stated that claims that "over 50% of the supply is linked to the same Bubblemaps cluster" are untrue and have already been clarified by Bubblemaps. He also admitted that his earlier description of EMBER as "launched by Meteora" was incorrect; he meant that EMBER uses Meteora’s dynamic bonding curve technology and is a leading token launch platform within its ecosystem. Currently, Meteora has listed and featured EMBER on its ecosystem page. On the product side, Bonk Guy said EMBER supports pairing new tokens with SOL, USDC, and over 150 tokenized stocks; users can allocate token taxes to holders, a burn mechanism, SuperLotto, or the project team. The platform also offers daily prize pools and DAO functionality, allowing token holders to vote on adjusting the allocation between buyback burns and rewards. In terms of data, EMBER has generated $51.7 million in trading volume and $561,000 in fees over its first three days, with a total of 2,041 tokens launched, over 41,800 unique holders, and more than 149,000 transactions on the Solana blockchain. He opined that Solana does not only have room for one successful token launch platform, and EMBER could emerge as a new non-consensus trading opportunity. Bonk Guy also emphasized that he has no affiliation with the project team, cannot control developer actions, and this position is purely a personal trade and does not constitute investment advice.
Circle is discontinuing support for USDC and the legacy CCTP V1 protocol on the Noble blockchain, the stablecoin issuer said in a blog post on September 10, as part of a broader shift to its next-generation cross-chain standard, CCTP V2. New minting of USDC on Noble through Circle Mint will be disabled on October 13, 2026, with redemptions remaining open until January 12, 2027.
Migration timeline and redemption window Circle Mint customers, retail USDC holders, and non-Circle customers who hold USDC on Noble should migrate to another supported blockchain, the company said. USDC will remain transferable on Noble between October 13, 2026 and January 12, 2027. On that pause date, the Noble USDC contract and CCTP routes will be fully paused, at which point Circle will take a snapshot of remaining USDC balances on Noble and open a manual redemption portal beginning January 13, 2027. To qualify for manual redemption, holders must meet Circle’s compliance and security requirements, hold USDC in a holder-controlled wallet, and have a wallet address captured in the pause-day snapshot.
Why Circle is retiring CCTP V1 on Noble Circle framed the move as part of its transition to CCTP V2, which it described as a next-generation cross-chain protocol with faster finality and stronger security. Noble will not receive CCTP V2. CCTP V1 burn limits will begin reducing on October 31, 2026, and after December 1, 2026, CCTP exits may be limited to destination chains that continue to support CCTP V1 burns. Circle said it will publish a shortlist of known exit venues, noted that it is not operating its own exit interface, and urged applications that integrated CCTP V1 for Noble to remove it as a route before January 12, 2027.
Cosmos presence continues The wind-down does not end Circle’s activity in the Cosmos ecosystem. Injective and other IBC-connected chains remain active Circle partnerships, and USDC continues to serve as a settlement asset across Cosmos DeFi broadly, Circle said. The company added that CCTP expansion is ongoing across EVM and non-EVM chains as it works to extend USDC’s reach as what it calls the most trusted, most interoperable digital dollar.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Nubank’s holding company Nu has entered the United States, extending Latin America’s largest digital bank beyond its home region for the first time. In a September 10 announcement, the company unveiled a US banking suite alongside Nu Global, a multi-currency account that converts customer deposits into USDC and EURC stablecoins.
The launch pairs conventional banking with on-chain dollar and euro exposure, the latest sign that established fintechs are using stablecoins to compete on cross-border money movement. Nu said the new products will begin rolling out immediately, with sign-ups open now at nu.com.
Nu Global converts deposits into USDC and EURC Nu Global is a multi-currency digital account that converts deposits into USDC, a stablecoin pegged to the US dollar, or EURC, its euro counterpart. Balances earn a daily yield of 3.50% APY on USDC and 2.20% APY on EURC, according to the announcement.
The account ships with a virtual Mastercard card and lets customers send and receive money across more than 35 countries, beginning with Europe and Latin America. Users can also hold and trade a curated set of digital assets, including Bitcoin and Ethereum, directly in the app.
A US banking suite and a pending bank charter The US entry includes the Nu Account, which pays 3.50% APY on every dollar with interest credited daily and deposits held at partner FDIC-insured Lead Bank. It also offers a metal debit card and a Nu Credit Card issued through Mastercard with no annual fee and unlimited 1.5% cashback.
Nu applied for a national bank charter with the Office of the Comptroller of the Currency last fall and received conditional approval in January 2026. Running through a partner-bank model lets the company start serving customers while it works toward a full charter, the company said.
What the expansion signals Nu serves more than 140 million customers across Brazil, Mexico, and Colombia. Founder David Vélez called the move “the next chapter of something we started thirteen years ago,” arguing that consumer-obsessed digital banking is the future of retail banking globally.
The company is entering a market where, citing BCG data, US consumers pay roughly $82 billion in bank fees each year. Its stablecoin-backed account follows a broader wave of banks integrating crypto in Latin America — a shift visible in Circle’s partnership with Brazilian banks to expand USDC access.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
GMO-Z.com Trust Company, the New York-regulated issuer behind GYEN, has begun an orderly wind-down of its stablecoin operations. The company initiated the process on May 15, 2026, disabling new purchases of both GYEN, its Japanese yen-pegged token, and ZUSD, its US dollar-pegged counterpart.
Coinbase, which had already suspended GYEN trading around May 2025, plans to convert any remaining GYEN holdings on its platform to USDC by October 30, 2026.
What the wind-down looks like GMO Trust has established a 180-day Initial Redemption Period running through November 11, 2026. During that window, eligible holders can redeem their tokens at par value: 1 GYEN for 1 JPY, and 1 ZUSD for 1 USD, with no platform fees.
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The catch is that redemptions happen through the GMO Trust platform, and holders need to meet the company’s KYC and account requirements to participate. After the redemption window closes, any unclaimed tokens enter a mandatory process governed by the company’s Stablecoin User Terms and Conditions.
For holders who want to exit through other channels, third-party options exist. Uniswap pools on Ethereum and Arbitrum, along with Stellar DEX options, offer paths to swap into USDC. But those are secondary market trades, meaning there’s no guarantee you’ll get par value.
GYEN and ZUSD were issued across multiple blockchain platforms including Ethereum, Solana, and Stellar. Reserves backing these tokens were held in FDIC-insured institutions and US Treasuries, in compliance with New York State Department of Financial Services guidelines.
A brief, turbulent history GMO Trust was established in 2020 as a subsidiary of Japan’s GMO Internet Group, with a specific ambition: creating the first regulated yen-pegged stablecoin.
GYEN landed on Coinbase Pro in November 2021, which should have been its breakout moment. Instead, the token experienced significant trading volatility shortly after listing. Coinbase eventually suspended and delisted GYEN trading around May 2025, roughly a year before the formal wind-down announcement.
What this means for stablecoin holders For GYEN holders, the immediate priority is mechanical. Redeem through GMO Trust’s platform before November 11, 2026, or accept the Coinbase-to-USDC conversion by October 30 if that’s where your tokens sit.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The market takes ETH, wstETH, WBTC and cbBTC as collateral against USDC at loan-to-value ratios of up to 87%. Compound says borrowing is open to anyone, with approval required only for the 200,000 USDC in supplier rewards.
Compound Foundation has opened a USDC lending market that takes ETH, wstETH, WBTC and cbBTC at loan-to-value ratios of up to 87%, three weeks after relaunching the protocol around institutional credit.
The Institutional Market is the first product out of the $52 million program COMP holders approved in May, and it went live under multisig control that Compound governance cannot revoke. A delegate has asked COMP holders to change that. The Compound Governance Working Group says the arrangement sits within the program the DAO already approved and that moving control to governance is the intended outcome once the market's research phase ends.
The market lends USDC against ETH, wstETH, WBTC and cbBTC, and runs on Compound v3. Compound holds $1.53 billion in total value locked with $638 million borrowed against it, sixth among lending protocols on DefiLlama and up 23% over 30 days. Ethereum carries $1.42 billion of that, or 93%. COMP trades at $20.88, up 9% over seven days, for a market cap of $212 million.
"With today's Institutional Market launch, we are taking the first step toward building infrastructure to meet institutional client demands, including better capital efficiency, clearly defined risk, and a much higher standard of service," said Aaron Schnarch, executive director of Compound Foundation. "We are encouraged by the market demand, and look forward to launching additional capabilities over the coming months."
Oversubscribed At LaunchCompound says the market was oversubscribed on day one, with DeFi Saver, K3, KPK and Yearn taking part. The company gave no figure for how much was subscribed.
"Compound is combining the capital efficiency of onchain markets with the level of service institutional participants expect. The ability to access more efficient borrowing while working directly with a team that understands institutional requirements makes this a compelling new market for us," said Marcelo Ruiz de Olano, co-founder and CEO of KPK.
Four Assets, One BorrowThe collateral list is short and liquid: two forms of ether and two forms of wrapped bitcoin.
Compound's argument is that a market holding only those four assets can run higher loan-to-value ratios than one that has to price the tail, and that lenders capture better economics as a result. Borrowing is open to anyone. The approval process and a 100,000 USDC minimum deposit apply to the boosted supplier rewards, which run to 200,000 USDC paid pro rata over three months against a $20 million supply cap.
Compound's market page puts ETH at an 87% loan-to-value ratio, wstETH at 85%, and WBTC and cbBTC at 81%, with a $10 million borrow cap on each. Liquidation factors run from 93% on ETH to 86% on the two bitcoin assets, and liquidation penalties from 5% on ETH to 10% on WBTC and cbBTC.
The Foundation identified the market to delegates in July as the first V4 research-and-development comet, built under what it calls v3.5 and not part of the original roadmap, with the work funded inside the V4 program. Compound also says v3 has run four years without an exploit, a claim worth stating as the company's own.
Who Holds The KeysCompound delegate ugurmersin asked COMP holders on Sept. 9 to put ultimate control of the market under Compound governance, writing that the DAO "does not currently appear to have ultimate control over Institutional Comet" and that he could find no governance authorization for the structure or any way for COMP holders to revoke it. The proposal would leave day-to-day operation where it is while requiring the administrators to publish a full permissions map and transfer ultimate authority within 30 days.
The Compound Governance Working Group answered the same day with a permissions map. Risk parameters, collateral listings and reserve withdrawals sit with a 3-of-4 Safe whose signers represent the working group, the DAO's security service provider team, Gauntlet and the Foundation. Contract upgrades run through a proxy admin owned by a 4-of-7 Safe drawn from the same four entities. Emergency pause sits with Compound's existing 5-of-9 guardian, which covers every other market the DAO runs. In a DAO-controlled comet the first two layers sit with the governance timelock, the group wrote; here they do not, and approval of the program "should not be confused with a technical ability for COMP governance to revoke those permissions directly."
The group said it does not support the proposal's 30-day transfer deadline, and that the configuration layer has to move quickly while the market iterates on collateral, caps and parameters. On Sept. 10 it wrote that the form of governance for the comet is still being researched and needs a spec, engineering and an audit, with optimistic governance one implementation under study. It also said the market passed $12 million in collateral and was approaching $10 million in supplied USDC within 48 hours of launch.
The delegate narrowed the ask on Sept. 11: governance should be able to replace the administrators while the Safes keep every permission they hold today. "The Safes operate the market. Governance controls who is allowed to operate it," he wrote, arguing the pattern already exists in the Treasury Management Committee framework and needs no research phase. His stated reason for pressing now is V4 itself, which is due to be built with the same program money.
Mostly Still In ReserveCOMP holders approved the budget on May 8, with 1.88 million COMP in favor and none against, and it executed two days later. The Foundation made it public on Aug. 17 alongside four hires from Coinbase, Anchorage, NEAR and Maple. Schnarch, the executive director, was chief operating officer of Anchorage Digital and chief executive of Coinbase Custody. The two-year budget runs $28 million for operations and $24 million for growth, but only $14 million went to the Foundation's multisig; the other $38 million sits in reserve against milestones that include a staffed engineering team and a production v3 integration kit.
Shipping an institutional product three weeks in is the first of those milestones met in public. Whether the remaining $38 million follows is a DAO decision, not a Foundation one.
The $480 Billion LineCompound's boilerplate puts the protocol at "approximately $480B in deposits and borrowing volume" since 2018. Compound sits behind Aave's $17.5 billion and Morpho Blue's $9.6 billion in a lending category holding $50.2 billion across 639 protocols, with 3.1% of the total.
Compound wrote the template for onchain lending in 2018 and now holds less than a tenth of Aave's deposits, and the institutional market is its attempt to win back size on terms and service rather than rates. Compound calls it the first in a planned series built around different collateral types and borrower profiles.
CORRECTION: Borrowing is open to anyone and approval applies only to the supplier rewards; COMP holders approved the program in May and the Foundation made it public in August; the participant is K3. The has also been updated with the Compound Governance Working Group's account of the market's control structure and funding mandate, published on Compound's forum on Sept. 9 and 10, and with the exchange that followed.
Nu has launched U.S. deposit accounts, credit cards and international transfers through Lead Bank while introducing a stablecoin-based account serving more than 35 countries.
Summary
Nu has launched U.S. accounts, cards and remittances through FDIC-insured partner Lead Bank initially online. Nu Global converts customer deposits into USDC or EURC while offering daily variable yields internationally. The U.S. account pays 3.50% APY, while its credit card provides unlimited 1.5% cashback initially. Nu’s national bank charter remains conditional, with Federal Reserve and FDIC approvals still pending today. More than 140 million customers use Nu across Brazil, Mexico and Colombia, the company says. Nu said on Sept. 10 that customers could register immediately for early access to the products. The NYSE-listed financial technology company is entering the U.S. through a partner-bank structure because its own national bank charter remains subject to further regulatory approvals.
The U.S. offering includes an account paying a variable 3.50% annual percentage yield, a debit card and a Mastercard credit card carrying no annual fee. Nu Global, a separate international product, converts customer deposits into USDC or EURC and supports transfers across parts of Europe and Latin America.
Nu enters U.S. banking through Lead Bank Nu is not currently a bank in the United States. Banking services and the Nu Credit Card are provided by Lead Bank, a member of the Federal Deposit Insurance Corporation, according to disclosures accompanying the launch.
USDC and EURC are coming to Nu Global.
Nu, one of the world’s largest digital financial platforms with more than 140M customers, is integrating Circle stablecoins into its new multi-currency digital account.
The product will support fast money movement across 35+ countries.… pic.twitter.com/CgkBbouGN3
— Circle (@circle) September 10, 2026 Customer deposits in the Nu Account are held at Lead Bank. Nu says the account pays 3.50% APY on every available dollar, with interest calculated and credited daily. The advertised rate was accurate as of Sept. 10 and may change after an account opens.
Users receive access to savings goals without losing immediate access to their funds. The account supports domestic transfers and international transfers beginning with Brazil, Mexico and Colombia, although Nu says more destinations will follow.
A limited-edition metal debit card forms part of the initial package. Through its Mastercard relationship, Nu is offering a metal World Elite credit card with no annual fee and unlimited 1.5% cashback on purchases.
The company plans to raise the cashback rate to 2% for customers who meet qualifying conditions. Nu has not disclosed the complete eligibility terms or confirmed when the higher rate will become available.
Eligible customers will eventually be able to earn 4.50% APY on savings balances of up to $10,000. To qualify, a customer must hold the Nu Account and credit card, then complete at least three eligible card transactions within the previous 34 days. Balances above $10,000 will continue earning the standard rate, according to the product disclosure.
Nu Global holds balances in USDC and EURC Nu Global gives customers a digital account for holding, transferring and spending funds across more than 35 countries. Every deposit is converted into either USDC, a dollar-pegged stablecoin, or EURC, a euro-pegged stablecoin.
The company advertises a variable daily yield equivalent to 3.50% APY for USDC balances and 2.20% for EURC. Nu’s announcement does not identify how the yield is generated, which legal entity holds the stablecoins or whether the balances receive deposit insurance.
Stablecoins are digital assets designed to track reference currencies, but they are not the same as insured bank deposits. Nu Global should therefore be distinguished from the U.S. Nu Account provided through Lead Bank.
Customers receive a virtual Mastercard for spending their balances. Nu says the card offers competitive foreign exchange rates without markups, while transfers between supported countries carry no service fee.
The first group of supported markets covers much of the European Union and several Latin American countries. Transfers are available in Argentina, Chile, Costa Rica, El Salvador, Honduras, Paraguay, Peru and Uruguay, according to a market list reported by Folha de S.Paulo.
European coverage includes Germany, France, Italy, Spain, Portugal, Ireland, Switzerland, Sweden and more than 20 other jurisdictions. Integrations involving Nu’s businesses in Brazil, Mexico, Colombia and the U.S. are planned for the coming months.
The product permits customers to hold and trade selected digital assets, including Bitcoin and Ethereum. Nu has not published a complete token list, custody arrangement or fee schedule for those trades in its launch announcement.
In related coverage, 21 financial institutions are preparing a multicurrency stablecoin venture expected to begin issuing tokens in 2027. Separately, U.S. Bank completed a cross-border stablecoin pilot between its North American and European entities using Stellar.
Nu’s U.S. bank charter is not final Nu applied to form Nubank, N.A. in September 2025. The Office of the Comptroller of the Currency granted conditional approval on Jan. 29, allowing the company to enter the bank-organization phase.
Conditional approval does not authorize Nubank, N.A. to begin independent banking operations. Nu must satisfy the OCC’s conditions and secure required approvals from the Federal Reserve and FDIC.
The company said in January that it needed to capitalize the proposed institution within 12 months and open the bank within 18 months. U.S. chief executive Cristina Junqueira told Reuters that she expects the bank to begin operating in 2027.
A completed charter would allow Nubank, N.A. to offer deposit accounts, credit cards, lending and digital asset custody under a federal banking structure. Until then, Nu’s U.S. customers receive regulated banking products from Lead Bank.
Nu founder and chief executive David Vélez described the launch as the beginning of a “multi-decade journey” outside Latin America. His statement presents the company’s strategy and should not be read as a forecast of future market share.
Junqueira said capturing even a small portion of the U.S. market “will be transformative for our business.” Nu has not published U.S. customer, deposit or revenue targets for the new operation.
U.S. launch follows Nu’s first $1 billion quarter Nu reported $1.06 billion in net income for the second quarter of 2026, crossing $1 billion for the first time. The result increased 49% from the previous year on a currency-neutral basis and exceeded the $967.2 million Visible Alpha estimate cited by Reuters.
Second-quarter revenue reached $5.88 billion, up 39% and above the cited $5.60 billion forecast. Its risk-adjusted net interest margin rose to 12.4% from 9.9% one year earlier.
The company serves more than 140 million customers across Brazil, Mexico and Colombia, according to its latest announcement. Brazil remains its largest operation, where Nu says it serves more than 60% of the adult population.
In Mexico, the company describes itself as the largest digital bank. Nu says its Colombian business ranks fourth among the country’s financial institutions by deposits, though the claim depends on the company’s selected market classification.
Nu shares gained as much as 1.6% during U.S. trading after the announcement, Reuters reported. The publication identified the move as the market’s initial reaction, not a measure of the U.S. operation’s future financial performance.
Nu Global is already available in selected European and Latin American markets. The company has not provided exact launch dates for its planned integrations with Brazil, Colombia, Mexico and the United States.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
MoneyGram International, a global leader in cross-border money transfers, has launched the MoneyGram Card, a new digital payment product integrating stablecoin technology with Visa compatibility. The card is now being introduced in Colombia as the initial market, with expansions planned for additional countries in the near future.
A stablecoin-powered payment cardUnlike traditional debit cards linked to a bank account, the MoneyGram Card allows users to load USD Coin (USDC) onto their accounts and spend it anywhere Visa is accepted. The setup positions a stablecoin balance, rather than fiat funds, at the core of all transactions. Users can add the card to Apple Wallet or Google Wallet and use tap-to-pay features, making payments similar to any regular Visa card. Existing MoneyGram app users can transition to the card without needing to install new wallets or learn new procedures.
The firm collaborated with several partners to bring the MoneyGram Card to market. Rain, a payments infrastructure provider, handles the card system; Crossmint manages the digital wallet layer; and Stellar, an established blockchain network, is responsible for moving the underlying funds.
Mini dictionary: Stellar, an open-source blockchain network designed for fast and low-cost cross-border payments, is used by financial institutions and fintech firms to enable seamless value transfer and asset issuance globally.
Anthony Soohoo, chairman and CEO of MoneyGram, emphasized that “we’re giving customers more freedom and control to manage their money, all in one place,” and described the launch as building on the company’s established global payments network.
Colombia as the pilot marketColombia is the first country to access the MoneyGram Card. The company stated that additional markets are expected to follow in the coming months, although specific countries have not yet been identified. Until late this year, only a digital version of the card will be available; MoneyGram plans to introduce a physical card later, enabling ATM withdrawals and compatibility with merchants not supporting digital wallets.
Currently, USDC is the only supported stablecoin for card transactions. MoneyGram’s proprietary MGUSD token, announced earlier this year, is expected to be added to the product, though a timeline has not been provided.
Traditional features meet digital assetsMoneyGram continues to support cash pick-up services, which have been central to its business model for 85 years. Card users can transfer funds from their digital balance and arrange for cash collection at any of nearly 500,000 retail locations worldwide, maintaining continuity with the company’s legacy operations.
Physical payout locations and cash withdrawals remain available, supporting MoneyGram’s established service network even as stablecoin technology becomes part of daily transactions.
Expanding blockchain integration and industry trendsThis product launch follows MoneyGram’s ongoing expansion into blockchain-based payment services. Its Ramps product, launched recently on Solana, offers developers new tools on different blockchain networks. Both the Card and Ramps aim to make stablecoins more accessible by embedding them into familiar financial tools.
Other countries and companies are exploring similar innovations. Uzbekistan recently piloted the HUMO stablecoin pegged to its national currency, and new tokenized credit funds are being created to close funding gaps in various regions. These efforts reflect a broader move to use blockchain rails for real-world transactions.
Product/InitiativeCore TechnologyPilot MarketSpending NetworkStatusMoneyGram CardStellar/USDCColombiaVisaLaunchedUzbekistan HUMOHUMO stablecoinUzbekistanNational pilotPilotGulf tokenized credit fundTokenized private creditGCC regionPrivate creditLaunchedThe ongoing deployments of stablecoins in payment and credit products signal a wider pattern of integrating blockchain technology into the mainstream financial system. By reducing the need for consumers to understand technical details, companies like MoneyGram are aiming to make stablecoins a routine part of everyday spending.
Circle has announced that it will discontinue USDC and Cross-Chain Transfer Protocol V1 support on Noble, with new minting ending Oct. 13, 2026, and the final contract pause scheduled for Jan. 12, 2027.
Summary
Circle will disable new USDC minting on Noble through Circle Mint on October 13, 2026. Noble’s USDC contract and every CCTP route will be fully paused on January 12, 2027. CCTP V1 burn limits from Noble will begin declining toward zero on October 31, 2026. Circle will snapshot remaining Noble balances before opening manual redemptions beginning January 13, 2027 onward. Noble will not receive CCTP V2, requiring holders and integrators to move elsewhere before closure. Circle’s Sept. 10 notice instructed Circle Mint customers, institutions, retail holders and application developers to move their USDC or remove Noble routes before the final deadline.
USDC will remain transferable on Noble during the exit period. Circle Mint customers can redeem Noble-based USDC until Jan. 12, while holders outside Circle Mint can use supporting exchanges, decentralized exchanges or CCTP V1 routes to leave the network.
Noble will not receive CCTP V2, Circle’s current cross-chain protocol. Once the legacy contracts are paused, users will no longer be able to move USDC to or from Noble through CCTP.
Circle has divided the Noble exit into three stages Circle Mint will continue offering its existing Noble services through Oct. 12. Customers can use withdrawals, express routes and redemptions without changes during this initial period.
New USDC minting through Circle Mint will stop on Oct. 13. Redemptions will remain available until Jan. 12, 2027, giving customers three months to remove or redeem their balances after issuance ends.
We are discontinuing support for USDC and CCTP V1 on the Noble blockchain as part of our broader transition to CCTP V2, a next-generation cross-chain protocol with faster finality and stronger security.
Noble will not receive CCTP V2.
New minting of USDC on Noble via Circle… pic.twitter.com/clyzaRdqfa
— Circle (@circle) September 10, 2026 During the same window, the USDC token will remain transferable between Noble addresses. Circle is not immediately freezing balances or stopping ordinary on-chain transfers when minting ends.
CCTP V1 capacity will become more limited before the final pause. Circle plans to start reducing burn limits on Oct. 31, eventually taking the available limit to zero.
After Dec. 1, Noble users may only be able to send CCTP transfers to networks that still accept CCTP V1 burns. Circle advised holders to consult its documentation before selecting a destination chain.
All Noble CCTP routes and the USDC contract are scheduled to pause on Jan. 12. Noble will then disappear from Circle Mint and CCTP access beginning Jan. 13.
USDC on Noble holders have three exit routes Institutional and self-custody holders can deposit Noble USDC into a centralized exchange that supports the network. Each holder must verify that the selected exchange still accepts Noble deposits before initiating a transfer.
A decentralized exchange operating on Noble provides another option. Holders can swap USDC for an available asset and move the replacement asset through a supported route, subject to the liquidity and pricing offered by the relevant platform.
The third route uses CCTP V1 to burn USDC on Noble and mint an equivalent amount on another supported blockchain. Circle’s protocol transfers native USDC through a burn-and-mint process without requiring a traditional bridge liquidity pool.
CCTP V1 currently supports Noble alongside Aptos, Arbitrum, Avalanche, Base, Ethereum, OP Mainnet, Polygon PoS, Solana, Sui and Unichain. Continued destination availability may change as Circle retires the legacy protocol.
Circle said it would publish a shortlist of known exit venues but had not released the list with its initial announcement. The company stressed that it will not operate an exit interface for holders.
Users will therefore need to interact with an exchange, decentralized trading platform or compatible CCTP application. Circle warned users to rely on its official blog and Help Center because the migration process could attract scams.
CCTP V1 integrators must remove Noble routes Applications that have integrated CCTP V1 must remove Noble as a supported route before Jan. 12. Any application still pointing to Noble’s legacy contracts after the pause will no longer be able to process transfers.
Circle’s developer documentation describes CCTP as a permissionless utility that moves native USDC between networks through burning and minting. Circle does not take custody of assets transferred through the protocol.
The Noble withdrawal schedule forms part of Circle’s network-wide retirement of CCTP V1. In an Aug. 27 update, the company said general V1 deprecation would begin Oct. 31 and finish Dec. 1.
CCTP V2 uses separate smart contracts and application programming interfaces. It is not backward compatible with V1, meaning integrators must change their contracts, APIs and supported route configurations.
The current version offers standard and fast transfer modes, programmable hooks and support for 27 blockchains, according to Circle. Noble is excluded from that list and will not be upgraded from V1.
Circle did not provide a technical or commercial reason for excluding Noble from CCTP V2. Its announcement described the withdrawal as part of the transition away from the legacy protocol.
Manual redemptions begin after the final snapshot At the Jan. 12 pause, Circle will take a snapshot of every remaining USDC balance on Noble. The snapshot will establish which wallet addresses may qualify for manual redemption after normal access ends.
Manual redemptions are scheduled to begin Jan. 13 through Circle’s Help Center. Holders will not be able to use Noble through Circle Mint or CCTP from that date.
Eligibility will depend on three conditions. The claimant must meet Circle’s compliance and security requirements, control the wallet holding the tokens and have an address recorded in the pause-day snapshot.
Circle has not published the full manual redemption procedure or its expected processing time. The company said detailed instructions would appear in its Help Center when the process opens.
No automatic conversion will occur for tokens left on Noble. Holders seeking payment after the pause must contact Circle and complete its manual review process.
Circle said its work within the Cosmos ecosystem would continue through Injective and other networks connected through the Inter-Blockchain Communication protocol. The company did not announce a replacement native issuance partner for Noble.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Disclaimer: This is not available for users in the EEA. Fellow Binancians, Binance is thrilled to launch a Renzo (REZ) Trading Tournament where eligible users will have a chance to share a total prize pool of 200,000 USDC in token vouchers! In addition, Binance is introducing a “Sprint Reward” for a limited period – the more you trade, the higher your extra rewards! Promotion Period: 2026-09-11 10:00 (UTC) to 2026-09-18 10:00 (UTC) Join Now Eligibility: All verified new, regular users and all Binance VIP users can participate.Liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers are not eligible to participate. Eligible Trading Pair(s) Trading pair(s): REZ/USDT, REZ/USDC How to Participate: Click the [Join Now] button on the landing page to register.Total Trading Volume reaches at least 500 USD equivalent in any of the aforementioned eligible pair(s) on Binance Spot during the Promotion Period. Users who do not meet this threshold will not qualify for any reward under this Trading Volume Tournament. Main Reward Structure: Statistical Period: 2026-09-11 10:00 (UTC) to 2026-09-18 10:00 (UTC)Rankings Based on the Cumulative Trading VolumeReward per Eligible Participant (in USDC Token Vouchers)1st Place6,000 USDC2nd Place5,000 USDC3rd Place4,000 USDC4th Place3,000 USDC5th Place2,000 USDC6th - 20th PlacesAn equal split of 20,000 USDC21st - 50th PlacesAn equal split of 20,000 USDC51st - 200th PlacesAn equal split of 32,000 USDC201st - 1,000th PlacesAn equal split of 28,000 USDCAll Remaining Eligible ParticipantsA proportional share* of 40,000 USDC, capped at 20 USDC per user Proportional Share Rewards Calculation Logic*: Your Final Allocation = (Your Trading Volume / Total Trading Volume of All Eligible Participants Ranked after the 1,000th) * Proportional Share Prize Pool Sprint Reward Structure: Binance is introducing a “Sprint Reward”. For a limited period, users will receive extra rewards based on their ranking by cumulative trading volume. The more one trades during the respective Statistical Periods, the higher the extra rewards can be. Please note that users can earn from both the "Sprint Reward" and the "Main Reward" pools at the same time. Rankings Based on the Cumulative Trading VolumeRound 1 Statistical Period: 2026-09-11 10:00 (UTC) to 2026-09-13 10:00 (UTC)Round 2 Statistical Period: 2026-09-13 10:01 (UTC) to 2026-09-15 10:00 (UTC)Reward per Eligible Participant (in USDC Token Vouchers)1st Place6,000 USDC6,000 USDC2nd Place5,000 USDC5,000 USDC3rd Place4,000 USDC4,000 USDC4th Place3,000 USDC3,000 USDC5th Place2,000 USDC2,000 USDC Promotion Rules: Trading volume of any zero-fee trading pairs is excluded from the final trading volume calculation.Transaction or gas fees will be excluded from the final trading volume calculation for the tournament.All eligible buy and sell orders will be counted towards the cumulative total trading volume.Token vouchers will be distributed to winners by 2026-10-02, and will expire within 21 days after distribution. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub.The Spot Trading Volume leaderboard is updated at least once every 24 hours. The final update will be completed within a few hours after the campaign ends. The Main Reward leaderboard and Sprint Reward leaderboard will be displayed on the separate Sub-Spot landing page respectively. Data sync times vary daily but will always be completed by the end of the day.Only users who have met the minimum qualifying trading volume threshold will be displayed on the leaderboard along with their trading volume. Don’t miss out on this opportunity and share in the rewards now! To view more promotions for new listings on Binance, stay tuned to this page for the latest updates and exclusive opportunities. Guides & Related Materials: How to Spot Trade (App / Web) Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only verified users who complete the aforementioned criteria for the tournament by the end of the Promotion Period may receive rewards.This Trading Volume Tournament is available to verified new, regular and VIP users enabled for Binance Spot Trading, subject to product (and where relevant, deposit methods’) availability in users’ regions, and may be restricted in certain jurisdictions or regions, or to certain users, due to legal and regulatory requirements.Reward Distribution:All token voucher rewards will be distributed to eligible, winning users by 2026-10-02.Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within 21 days after distribution. Winning users should claim their vouchers before the expiration date, and no replacement reward will be provided. Learn how to redeem a Binance voucher.Please note that the actual value of rewards received by a user is subject to change due to market fluctuation.Token voucher rewards are subject to additional terms and conditions.Rewards are not negotiable nor transferable.Once the available rewards have been allocated to users, no further rewards will be provided notwithstanding that an eligible user may have completed the missions.A user’s trading volume in this Trading Volume Tournament will be calculated after the user has opted-in and will be based on the trading volume (i) in their master and sub-accounts, and (ii) on all Spot products, including Spot Trading, Spot Copy Trading and Trading Bots. API trades are allowed. Binance’s calculation of a user’s trading volume is final.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software. Rewards that have already been disqualified will not be returned to the prize pool.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of reward recipients, and the timing of any act to be done, and all participants shall be bound by these amendments.The commencement and operation of the campaign (including the commencement of the Promotion Period) are subject to the successful listing of the relevant token on Binance Spot. If the listing is postponed or cancelled for any reason, the campaign (including the Promotion Period and reward distribution) may be delayed, amended or withdrawn at Binance’s discretion. Binance will not be liable for any loss or inconvenience caused by such changes.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-09-11 Disclaimer: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
TL;DR Coinbase is rolling out a new way for customers in Brazil to earn more on the USDC they already hold by integrating Morpho. Users can deposit their USDC and put it to work onchain, where it accrues rewards until withdrawn with no lock-up required.
Since launching in the US, our DeFi Earn product has become one of the fastest growing ways customers put USDC to work, to date-reaching nearly $500M USD in total supply, with up to 7.4% APY.
How it works
Funds are routed from customers’ self-custodial wallets to Morpho, an onchain lending protocol on Base, and then into vaults curated by Steakhouse Financial, where they accrue rewards until withdrawn. There are no lock-up periods and customers can withdraw at any time.
DeFi Earn is progressively rolling out now to eligible customers in Brazil, with availability expanding over the coming days. Eligible users can access lending through the Lending tab in the Coinbase app:
Allocate USDC via the Lending tab.
Coinbase routes the deposit to the Morpho protocol, which matches lenders and borrowers onchain.
USDC accrues rewards in an audited vault curated by Steakhouse Financial.
Withdraw at any time.
Rates are market-driven and adjust over time based on onchain supply and demand. Coinbase One subscribers receive a boosted rate where available.
Deepening USDC Utility for Brazilian Users
The expansion reflects our efforts to make users’ assets work harder for them, alongside staking and USDC Rewards as pathways for users to build their wealth and become more connected to the Everything Exchange.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to the latest compiled data on stablecoin current wealth management and earning products from HTX, Binance, OKX, and Bitget, major platforms still generally adopt a "high returns for small amounts, tiered reduction for excess amounts" mechanism. The table shows OKX’s yields are presented net of a 15% fee. For USDT: HTX’s 0-200 USDT tier offers an annualized yield of 10%, dropping to 1.95% for excess amounts; Bitget’s 0-300 USDT tier yields 7.33%, with excess amounts at 2.67%; Binance’s 0-800 USDT tier yields 6.51%, excess at 2.51%; OKX’s yield stands at 2.54%. For USDC: HTX’s 0-200 USDC tier has an annualized yield of 8%, excess at 2.75%; Binance’s 0-300 USDC tier yields 7.20%, excess at 2.20%; Bitget’s 0-300 USDC tier yields 6.66%, excess at 2.23%; OKX’s yield is 1.95%. For other stablecoins: HTX’s USDT VIP tier offers an annualized yield of 6%-9%, applicable for amounts between 50,000 and 100,000; Binance’s USDT VIP yield is 2.6%-2.65%; Bitget’s USDT VIP 0-300,000 tier yields 2.88%, with excess amounts at 1.88%. For USDE: HTX presents tiered yields of 5% and 3%, Binance offers 4.75%, and Bitget has a yield of 1.05%. HTX’s USDD yield is 4.00%; Binance’s U product’s 0-5,000 tier yields 8.70% annually, excess at 0.70%, while Bitget’s U product yields 1.50%. Overall, high returns remain concentrated in small amount tiers, with annualized yields generally declining as capital size increases. Users should also pay attention to tier limits, interest calculation rules, fees, and real-time availability when comparing products. The above data are page-displayed yields and do not constitute investment advice.
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US core CPI monthly rate hits its highest level since May this year
The seasonally adjusted core CPI monthly rate for the U.S. in August came in at 0.3%, the highest level since May this year, exceeding the market expectation of 0.2% and matching the prior reading of 0.2%. The unadjusted core CPI year-over-year rate fell to 2.4% in August, marking three consecutive months of decline and hitting its lowest level since April 2021, in line with expectations, down from the prior value of 2.5%.
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US CPI monthly rate hits new high since June this year.
The US August unadjusted CPI month-on-month rate came in at 0.4%, the highest since June this year, in line with expectations, versus the prior reading of 0.1%. The US August unadjusted CPI year-on-year rate stood at 3.4%, meeting expectations and unchanged from the previous figure.
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After the release of CPI data, spot gold fell below the $4,300 per ounce mark.
According to Bitget's market data, spot gold plunged more than $50 in a short period after the release of CPI data, falling below the $4,300 per ounce mark.
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The probability of the Federal Reserve raising interest rates next week has surged to 90%.
Following the release of U.S. August CPI data, markets are pricing in roughly a 90% probability that the Federal Reserve will raise interest rates next week.
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Following the release of CPI data, Bitcoin saw a short-term flash dip to $76,046, and is currently trading at $77,134.
According to HTX market data, following the release of CPI figures, Bitcoin saw a short-term wick dip to $76,046 and is now trading at $77,134.
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The yield on the 10-year U.S. Treasury note has hit its highest level since October 23, 2023, standing at 4.957%.
According to Bitget market data, the yield on the 10-year U.S. Treasury note has hit its highest level since October 23, 2023, standing at 4.957% and approaching the 5% threshold.
Circle will discontinue USDC and CCTP V1 on Noble by January 2027, with no V2 upgrade path. For the ecosystem that relied on Noble to unify its stablecoin liquidity, the institutional pivot just hit home.
Circle Draws a New Map Circle is in the business of putting dollars on blockchains, and like any good infrastructure operator, it prefers the blocks that attract institutional traffic. On September 10, the company announced it is discontinuing USDC and CCTP V1 on the Noble blockchain. Noble will not receive CCTP V2. For the Cosmos ecosystem, which relied on Noble as its native stablecoin issuance hub, the plumbing just lost its main valve.
What Noble Was Noble was engineered as a purpose-built Cosmos appchain designed to serve as the single, canonical issuance point for USDC within the Inter-Blockchain Communication ecosystem. Before Noble arrived, the Cosmos landscape was littered with over 100 non-fungible, bridged versions of USDC — each carrying its own trust assumptions, each incompatible with the others. Noble unified them into one native asset. Sovereign Cosmos appchains like Osmosis, dYdX, and dozens of others accessed stablecoin liquidity through IBC, treating Noble as the pipeline.
Sunset that pipeline, and the liquidity architecture re-fragments.
The Timeline Circle’s exit follows a precise schedule. New USDC minting on Noble via Circle Mint will be disabled on October 13, 2026. CCTP V1 burn limits begin reducing to zero on October 31. By December 1, CCTP exits will be limited to destination chains that still support V1 burns. On January 12, 2027, the Noble USDC contract and all CCTP routes are fully paused. A manual redemption portal opens the following day.
All USDC on Noble remains 1:1 redeemable through the January 12 deadline. Circle Mint customers retain withdrawal access until then. But for integrators running CCTP V1 routes through Noble, the operational directive is unambiguous: remove Noble as a supported route now.
The Coinbase Signal Circle’s announcement did not arrive without warning. Coinbase halted USDC deposits and withdrawals on Noble on August 17, 2026 — a full month before Circle’s blog post. At the time, it looked like a single exchange pruning a low-volume network. In retrospect, it was the first visible crack in the foundation.
The institutional context makes the sequence legible. Circle is launching its Arc mainnet on September 16 with a validator set that doubles as a Wall Street directory: BlackRock, DTCC, Galaxy, Global Payments, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, and Visa. The company holds an OCC charter. The GENIUS Act yield ban kicks in on January 18, 2027 — six days after Noble goes dark. Each of these moves concentrates Circle’s resources on institutional-grade, compliance-ready infrastructure. Noble, a Cosmos appchain optimized for DeFi liquidity distribution, was never part of that picture.
What the Builders Face Circle has stated it is working with Noble and Cosmos ecosystem teams on an “intermediate solution” to route USDC flows to and from the ecosystem. What that solution looks like, when it arrives, and whether it provides institutional-grade reliability remains unspecified. No timeline. No technical architecture. No commitment.
The gap between the January 12, 2027, shutdown and any future Cosmos-facing solution is not a footnote — it is the operational reality for every DeFi builder who depended on Noble’s native issuance. Injective and other IBC-connected chains remain active Circle partnerships, as the announcement noted. But active partnership and native issuance infrastructure are not the same thing.
The Roadmap Divergence Noble’s exclusion from CCTP V2 is the sharpest signal. As of November 2025, Circle’s canonical CCTP contracts were live on all V1 chains except Aptos, Noble, and Sui. Circle stated it intended to launch V2 on Aptos and Sui by end of H1 2026. Noble was not included in that roadmap. Instead, the company said it was working on an “intermediate solution” for Cosmos — a phrase that, eight months later, still carries no date attached to it.
CCTP V2 is not a minor upgrade. It introduces Fast Transfer (settlement faster than source-chain finality), Hooks (post-transfer automation and composability), and a broader network of supported chains. V1, by contrast, supports only Standard Transfer. The gap between the two versions is the gap between infrastructure that scales and infrastructure that holds the lights on until something better arrives. Noble is being left on the latter.
What This Connects To This is not an isolated pruning. It extends the pattern we have been tracking across the Money & Markets beat. The six-jurisdiction unlock showed capital flowing toward regulatory clarity — and away from jurisdictions that lack it. The Institutional Pivot documented how BlackRock, DTCC, Visa, and Mastercard chose to build on Arc the day after the CLARITY Act was expected to fail. The U.S. Bank USBDC pilot on Stellar and Citi Japan’s tokenized deposit launch both showed banks building proprietary rails rather than waiting for shared infrastructure.
Noble’s sunset fits the same structural logic. Circle is consolidating around the infrastructure that institutional partners actually use. Cosmos DeFi was valuable to Circle when it represented a frontier for stablecoin distribution. Now, with an OCC charter, an institutional validator set, and a GENIUS Act enforcement cliff bearing down, the frontier is elsewhere.
For the builders who relied on Noble as the canonical stablecoin pipeline for Cosmos, the decommissioning is not a surprise — the Nov 14, 2025, deprecation notice laid the groundwork. But the absence of a concrete V2 path transforms a managed sunset into an open-ended vacuum. “Intermediate solution” is the kind of phrase that lets everyone stay polite while leaving the actual outcome unresolved. The institutional pivot did not forget Cosmos. It simply moved on.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to on-chain analyst Ai Yi (@ai_9684xtpa), Arthur Hayes has built a UNI position worth over $2.247 million at an average price of $6.94 per token. Three hours ago, he purchased an additional 39,800 UNI via Flowdesk, spending roughly 273,000 USDC. His current holding of 323,901 UNI is sitting on a total unrealized loss of $286,000.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Aptos (APT) is showing signs of renewed bullish momentum, according to analyst Alpha Crypto Signal, after reclaiming a significant horizontal resistance level. The analyst pointed to an uptick in buying volume accompanying this technical recovery, emphasizing it as a key development in the token’s market structure.
Key support retested after correctionAPT’s price action over recent weeks illustrates a full market cycle. Following a move above $0.7000, the token experienced a sharp correction, dropping toward the $0.5000 range in late August. Selling pressure declined around this level, leading to a reversal in early September. The price rebounded to approximately $0.6700, although a subsequent pullback kept the token’s value comfortably above August’s lows. At the time of Alpha Crypto Signal’s assessment, APT traded at about $0.6322, positioning the market at a crucial technical pivot.
Analysts see this recovery from the lows as an early sign that buyers are regaining control. Maintaining the critical horizontal area near $0.95 as support will be necessary to confirm a longer-term bullish shift.
The shift from selling to buying momentum suggested that Aptos is at an important technical inflection, but the broader trend depends on whether buyers can defend the recently reclaimed resistance zone.
Signals mixed between RSI, MACD, and derivatives dataShort-term momentum indicators are providing a partly positive outlook. The four-hour Relative Strength Index (RSI) stands at 51.44, suggesting that the market is no longer oversold. This midpoint reading reflects more equilibrium between buyers and sellers rather than a clear dominance.
For bullish traders, sustaining an RSI above this neutral zone could indicate strengthening upward dynamics. However, the Moving Average Convergence Divergence (MACD) currently displays a minor bearish crossover, with histogram bars at -0.00445. This technical reading hints at consolidation or sideways movement, as opposed to an immediate breakout.
Market derivatives statistics reveal a mixed environment. CoinGlass data shows a 25.23% rise in trading volume, bringing total activity to $192.53 million. In contrast, open interest fell by 3.72% to $103.47 million, which could signal reduced leveraged positions and a more cautious stance among market participants.
MetricCurrent ValueChange (%)Trading Volume$192.53 million+25.23%Open Interest$103.47 million-3.72%RSI51.44N/AMACD Histogram-0.00445N/ANative USDC transfers go live on AptosAptos, an emerging Layer 1 blockchain known for its parallel execution engine and focus on high-throughput applications, has recently enabled native USDC transfers through integration with Circle’s Cross-Chain Transfer Protocol (CCTP) V2. This protocol allows users to move USDC seamlessly between blockchains using a burn-and-mint approach, eliminating the need for wrapped stablecoins and reducing liquidity fragmentation.
Mini dictionary: Circle CCTP (Cross-Chain Transfer Protocol) is a permissionless protocol that enables USDC to move directly across supported blockchains via a burn-and-mint mechanism, avoiding the creation of synthetic or wrapped versions of the stablecoin.
This upgrade can improve cross-chain functionality and efficiency on Aptos, making the network more attractive for decentralized finance, payments, and blockchain interoperability use cases.
Path forward relies on holding reclaimed levelsFor Aptos to maintain its bullish outlook, the crucial test will be whether it can continue trading above the recently reclaimed horizontal resistance zone, especially as trading volumes increase. This would provide additional confirmation of buyer strength and the sustainability of the recovery.
Traders are closely monitoring RSI, the MACD indicator, and derivative metrics for further validation of the trend. Any dip below the breakout level could undermine optimism, while continued price strength above resistance, alongside network growth, might support further gains.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Coinbase has announced a strategic partnership with financial platform Moov to expand stablecoin infrastructure to over 1,000 community banks and credit unions across the United States. The collaboration aims to offer Moov’s customer base enhanced payment options and real-time funding powered by Coinbase’s regulated digital asset infrastructure.
Expanding Stablecoin Access for Community BanksThrough this partnership, community banks and credit unions will be able to integrate stablecoin payment acceptance, settlement, and immediate funding into their existing operations. The integration projects include use cases such as consumer payments, merchant settlements, and streamlined payouts using stablecoins.
Businesses and merchants working with these banks will gain access to custodial accounts provided by Coinbase, giving them a secure way to hold digital assets and manage funds seamlessly within a regulated framework.
Community banks in the US, which typically hold less than $10 billion in total assets, include state-chartered institutions as well as savings and loan holding companies. By adopting digital asset solutions, these banks seek to keep pace with ongoing developments in the financial industry and meet rising demand for efficient transaction methods.
Growing Institutional Interest in StablecoinsThe move arrives during a period of heightened interest in stablecoin technology by major US financial institutions. On Wednesday, U.S. Bank, recognized as the fifth largest commercial bank in the country, reported completion of a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain. This transaction exemplifies how large banks are leveraging blockchain to facilitate international payments.
Earlier in June, 21 leading financial institutions, including Bank of America, Citi, Goldman Sachs, Deutsche Bank, and UBS, revealed plans to form a new company focused on issuing stablecoins. The consortium stated its intent to introduce a US dollar-denominated stablecoin by the first half of 2027, signaling growing confidence in the role of digital dollars within mainstream finance.
Non-bank competitors have also accelerated their entry into the stablecoin market. In August, Western Union entered into a partnership with Rain, a stablecoin infrastructure provider, to launch a digital wallet and Visa-branded card allowing users to hold and spend a US dollar-backed stablecoin.
Acceleration of Real-World Asset TokenizationAs stablecoin adoption gains traction among banks and fintech firms, the traditional structure of asset ownership is undergoing fundamental change. Driven by innovations in tokenization, platforms like 1stepSwap are now enabling investors to directly hold shares in well-known US companies, gold, and silver inside their crypto wallets. By representing real-world assets as tokens and searching global markets for the most competitive prices in seconds, these services are removing intermediaries from transactions and reshaping how users interact with financial products.
This shift from complex brokerage systems toward decentralized tools reflects Wall Street’s gradual migration to Web3, demonstrating escalating interest in blockchain’s potential to increase market accessibility and operational efficiency.
Ongoing Developments and Industry CollaborationWith established players, new consortiums, and fintech startups all racing to build stablecoin ecosystems, the landscape for digital payments and asset ownership continues to evolve rapidly. Industry participants continue to monitor regulatory developments and technological progress to stay ahead in the competitive stablecoin sector.
Collaboration between established exchanges like Coinbase and financial technology platforms such as Moov highlights the sector’s drive to broaden access to digital assets and payment solutions for community-level banking partners.
The rapid pace of change in banking technology, combined with increased institutional participation, is driving widespread transformation in digital asset infrastructure and stablecoin adoption throughout the US financial industry.
Payment giant MoneyGram is launching a stablecoin-backed card that allows customers to make purchases at merchants accepting Visa. The card will first roll out in Colombia, with plans to expand to other markets in the coming months. Users can register via the MoneyGram app, add the digital card to their mobile wallet, and use it for online or in-store transactions. They can also send money to themselves and withdraw cash in local currency at MoneyGram locations. Initially, the card will support Circle’s USDC, followed by MoneyGram’s own stablecoin MGUSD. MoneyGram says a physical version of the card, which will also support ATM withdrawals, is scheduled to launch later this year. The card is developed in collaboration with stablecoin payment firm Rain, wallet provider Crossmint, and the Stellar blockchain.
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Oracle's Q1 results beat expectations, climbing more than 5% in after-hours trading.
Oracle has announced its fiscal 2027 first quarter results: adjusted earnings per share (EPS) stood at $1.92, beating the market consensus estimate of $1.75; adjusted total revenue hit $19.35 billion, also exceeding the $19.13 billion forecast. By business segment, cloud infrastructure (IaaS) revenue reached $7.39 billion, surpassing expectations of $7.19 billion; software support revenue totaled $4.9 billion, slightly above the $4.88 billion estimate; software license revenue came in at $655 million, however, missing the $718.8 million forecast. Boosted by the strong results and cloud business performance, Oracle (ORCL) saw its U.S. stock rise more than 5% in after-hours trading. In recent years, Oracle has been accelerating its heavy bet on AI cloud infrastructure. At the end of its last fiscal year, the company’s remaining performance obligations (RPO) reached $638 billion, up 363% year-over-year, with large-scale AI cloud contracts acting as a key driver of order growth.
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European regulators warn Polymarket and Kalshi that they may lack the necessary licenses to serve EU users.
The European Securities and Markets Authority (ESMA) released its latest risk report, stating that major prediction market platforms including Polymarket and Kalshi currently lack the required authorization to offer event contracts to EU users under normal circumstances. ESMA noted that the regulatory nature of event contracts depends on the specific product, which may be classified as financial instruments, crypto assets subject to the MiCA framework, or fall under gambling regulations of EU member states. If categorized as financial instruments, they typically qualify as derivatives and may be subject to EU retail restrictions on binary options. ESMA also questioned the current EU region restrictions imposed by Polymarket and Kalshi, pointing out that the two platforms only restrict access to some member states, and it remains unclear why all EU countries have not been included in the restricted list, while there is also a risk of VPNs being used to bypass geographic restrictions. In July this year, France ordered internet service providers to block Polymarket. In addition, ESMA warned that the AI boom could become a new risk transmission channel for the crypto market. If AI investment returns fall short of expectations or there is a sell-off in tech stocks, large investors may sell highly liquid risky assets including crypto assets to raise cash. ESMA data shows that Bitcoin fell 35% in the first half of 2026, with outflows from US spot Bitcoin ETFs exceeding $5.5 billion over the same period. ESMA has previously clarified that if event contracts are classified as financial instruments, their distribution in the EU requires an investment firm license and may be subject to retail bans on binary options.
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The US SEC intends to make blockchain the official record for securities ownership, marking a key regulatory breakthrough for tokenized stocks.
The U.S. Securities and Exchange Commission (SEC) recently proposed reforms to rules for registered transfer agents, aiming to explicitly allow electronic databases—including blockchain—as official records of securities ownership. Currently, tokenized securities often have both on-chain token ledgers and off-chain official shareholder registers; the need to continuously reconcile these two systems increases operational costs and legal risks. If the new rules are approved, blockchain is expected to serve as the primary record for securities, eliminating the need for tokenized securities to maintain duplicate off-chain ownership records. SEC Chair Paul Atkins stated that the reforms aim to align transfer agent rules with advancements in electronic record-keeping and blockchain technology. However, this does not mean tokenized securities will become fully permissionless assets. Issuers and transfer agents must still comply with regulatory requirements such as investor identity verification, transfer restrictions, succession protocols, and shareholder notifications; blockchain will primarily function as a legally recognized ownership record infrastructure. The SEC previously noted that, provided they meet federal securities laws’ requirements for record-keeping, reporting, and audits, registered transfer agents may use distributed ledgers as official shareholder registers without maintaining additional off-chain "digital twin" records. The rule proposal is open for public comment for 60 days. If finalized, blockchain will further evolve from a "technical shell" for tokenized securities to a core component of U.S. securities market infrastructure, removing key legal and operational barriers to the full on-chain migration of traditional assets like stocks and funds.
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On September 10, the Trump administration announced it would issue a one-time $500 "refund" to nearly 1 million enrollees in the Affordable Care Act (Obamacare), with disbursements scheduled for October—just weeks ahead of the U.S. midterm elections. Eligible consumers are primarily those who purchased Obamacare plans via HealthCare.gov, have incomes roughly four times the federal poverty level, and did not receive federal subsidies, covering 30 states. The White House said the funds are refunds for unused health insurance marketplace operating fees previously collected by the federal government, arguing these costs were ultimately passed on to consumers. However, the policy has sparked controversy. Health policy experts point out that the Biden administration actually lowered ACA marketplace user rates, and such fees are not the main driver of this year’s sharp premium hikes. Meanwhile, after additional health insurance subsidies expired, many consumers face thousands of dollars in premium increases this year, with the $500 refund covering only a small portion of that cost. Notably, Trump’s refund announcement comes as midterm elections near. Earlier, he also proposed that if the Republican Party holds onto control of Congress in the November midterms, it would distribute $5,000 "dividends" to U.S. households. As healthcare, cost of living and other issues remain top voter concerns, the Trump administration is ramping up policies that directly deliver economic benefits to the public.
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Circle is discontinuing support for USDC and CCTP V1 (the legacy version) on the Noble blockchain as part of its broader transition to CCTP V2, Circle’s next-generation cross-chain protocol with faster finality and stronger security. Noble will not receive CCTP V2.
Circle Mint customers, retail USDC holders, and non-Circle customers who hold USDC on Noble should migrate to another supported blockchain.
New minting of USDC on Noble through Circle Mint will be disabled on October 13, 2026. Redemptions from Noble via Circle Mint remain available until January 12, 2027, when the Noble USDC contract and CCTP routes will be fully paused.
On the pause date, Circle will take a snapshot of all remaining USDC on Noble balances and open a manual redemption portal. The manual redemption process begins January 13, 2027.
Actions Required
Circle Mint CustomersFrom September 10, 2026 through October 12, 2026: No change to your Circle Mint access for Noble. Your existing withdrawals, express routes, and redemptions on Noble continue as normal.From October 13, 2026 through January 12, 2027: New minting of USDC to Noble via Circle Mint is disabled. Redemptions from Noble via Circle Mint remain available, though CCTP V1 burn limits will gradually reduce to zero beginning October 31, 2026.Starting January 13, 2027: Noble is no longer accessible via Circle Mint or CCTP. Contact your Partner Manager or the Customer Care team to initiate the manual redemption process.
Institutional and Self-Custody USDC HoldersFrom October 13, 2026 through January 12, 2027, USDC remains transferable on Noble. Holders should move their USDC off Noble before the January 12 pause through:
A CEX that supports Noble USDC deposits.A DEX swap on Noble. CCTP V1 burn-from-Noble to another supported chainCCTP V1 burn limits will begin reducing on October 31, 2026. After December 1, 2026, CCTP exits may be limited to destination chains that continue to support CCTP V1 burns. See the list of supported chains here.
Circle will publish a shortlist of known exit venues. Circle is not operating its own exit UI.
CCTP IntegratorsIf your application has integrated CCTP V1 support for Noble, you should plan to remove Noble as a supported CCTP V1 route before January 12, 2027. After that date, all CCTP V1 routes to and from Noble will be fully paused and any integrations relying on those routes will stop functioning.
Refer to Circle's developer documentation and CCTP domain status pages for technical guidance. Questions can be directed to your Circle contact or to developer support.
Post DeadlineDetails on the manual redemption process will be available via Circle's Help Center starting January 13, 2027. To qualify for manual redemption, USDC on Noble holders must: meet Circle's compliance and security requirements; have USDC in a holder-controlled wallet; and have a wallet address that is part of the Noble pause-day snapshot. Please refer to this blog and the Help Center to avoid any potential scams.
Looking ForwardCircle's presence in the Cosmos ecosystem continues. Injective and other IBC-connected chains remain active Circle partnerships, and USDC continues to serve as a settlement asset across Cosmos DeFi broadly. CCTP expansion is ongoing across EVM and non-EVM chains, and Circle remains committed to growing USDC's reach as the most trusted, most interoperable digital dollar in the world.
Circle is pulling USDC support from the Noble blockchain and pausing the legacy Cross-Chain Transfer Protocol (CCTP V1), a decision that effectively cuts off the primary stablecoin pipeline for the entire Cosmos ecosystem.
The announcement, made on September 10, sets a clear countdown: CCTP V1 burn limits will start declining on October 31, 2026, with a complete contract pause landing on December 1, 2026. Noble will not receive CCTP V2, the upgraded protocol Circle has been rolling out elsewhere.
What Noble loses Noble has been the native issuance platform for USDC across Cosmos since late 2023. It was the bridge that allowed USDC to flow through the Inter-Blockchain Communication (IBC) protocol, connecting dozens of Cosmos-linked chains to Circle’s stablecoin.
Noble isn’t the only chain getting left behind. Aptos and Sui also remain exclusively on the deprecated CCTP V1 standard, meaning all three are excluded from the enhanced cross-chain transfer capabilities that CCTP V2 promises. But Noble’s situation is arguably the most consequential because of its role as infrastructure for an entire multi-chain ecosystem rather than a single standalone network.
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The writing was on the wall before Circle’s official announcement. Coinbase halted USDC deposits and withdrawals on the Noble network back on August 17, 2026, signaling that major players were already stepping away from the chain.
The transition timeline Circle structured the wind-down in two phases, giving users roughly three months to adjust.
Phase one begins October 31, when burn limits on CCTP V1 contracts start decreasing. Phase two arrives December 1, when the contracts pause entirely.
During the transition, USDC will still be accessible through Circle Mint and popular Cosmos wallets like Keplr and Cosmostation. But the ability to move USDC cross-chain through CCTP V1 will steadily degrade before going dark.
CCTP V2 and who gets it The broader context here is Circle’s migration from CCTP V1 to CCTP V2, which is designed to improve cross-chain transfer speed, reliability, and interoperability. Most major chains Circle supports are being upgraded. Noble, Aptos, and Sui are not.
Circle is reportedly collaborating with Noble and various Cosmos ecosystem teams on an interim routing solution that could keep USDC transactions flowing through alternative pathways.
What this means for Cosmos Noble has served as the native issuance platform for USDC in the Cosmos ecosystem since late 2023, propagating IBC transfers across linked chains. Losing native USDC issuance removes a significant convenience for cross-chain DeFi protocols built on Cosmos chains that relied on Noble-routed USDC.
The December 1 contract pause is a hard deadline. Between now and then, every Cosmos protocol that touches USDC needs a contingency plan.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Highlights MoneyGram debuts a Visa card backed by stablecoins, enabling users to maintain and use stable dollar-denominated funds Colombia receives first access to the card, with worldwide rollout scheduled for upcoming months Circle’s USDC serves as the initial stablecoin, while MoneyGram’s proprietary MGUSD token will be integrated later Users can make digital purchases, in-person transactions, or withdraw cash in local currencies at MoneyGram branches The solution was developed in partnership with Rain, Crossmint, and the Stellar network MoneyGram has introduced a groundbreaking Visa card that enables users to maintain a US dollar balance supported by stablecoins and use it at any location that accepts Visa payments.
Meet the MoneyGram Card.
A stablecoin-backed card built to give customers more freedom to hold, access and spend their money, all within the MoneyGram experience they already know.
𝗕𝘂𝗶𝗹𝘁 𝗶𝗻𝘁𝗼 𝗠𝗼𝗻𝗲𝘆𝗚𝗿𝗮𝗺
Access your card directly through the MoneyGram app. No… pic.twitter.com/7nYOuGUrw6
— MoneyGram (@MoneyGram) September 10, 2026
The payment solution debuts in Colombia before expanding to additional regions over the next several months. Users can register via the MoneyGram mobile application and integrate the virtual card with Apple Wallet or Google Wallet.
Circle’s USDC stablecoin powers the card at launch. The company plans to incorporate MoneyGram’s proprietary dollar-pegged token, MGUSD, in subsequent updates.
MoneyGram introduced MGUSD on Stellar’s blockchain infrastructure in June. Bridge, a stablecoin technology provider under Stripe’s ownership, serves as the token’s issuer.
Card Functionality Explained Users can leverage the card for e-commerce transactions, contactless in-store payments, or transfer funds to themselves for cash collection in their local currency at any MoneyGram outlet worldwide.
A physical card version is scheduled for release in 2026, which will include ATM withdrawal capabilities.
The payment product emerged from collaboration between stablecoin payment platform Rain, digital wallet provider Crossmint, and the Stellar blockchain.
MoneyGram’s Global Infrastructure MoneyGram’s network reaches more than 60 million active users spanning over 200 nations and territories. The company operates through nearly 500,000 physical retail outlets across the globe.
This extensive brick-and-mortar presence enables MoneyGram to connect digital stablecoin holdings with physical cash accessibility.
According to PaymentScan data, stablecoin card transaction volume surpassed $1.1 billion in August.
MoneyGram also participates in Open USD, Stripe’s stablecoin project that distributes revenue among its partner network.
Throughout the past year, the company has been integrating stablecoin infrastructure into its conventional remittance operations.
CEO Anthony Soohoo stated the card provides customers with enhanced flexibility and authority to oversee their finances through a unified platform.
The MoneyGram Card represents an evolution of the company’s 85-year legacy in global money transfer services.
This product launch positions MoneyGram within an expanding cohort of financial service providers linking stablecoin holdings to mainstream payment infrastructure.
The Cosmos ecosystem's USDC standard is moving to a new home. Circle now issues $USDC natively on @injective, which is replacing Noble as the ecosystem's primary issuance chain. The token routes across interconnected chains through IBC, and key players including @cosmoshub and @dydx are already signed on, with the full rollout set to unfold over the coming months.
A Coordinated Ecosystem Switch
According to Injective, it was also Circle's first MultiVM issuance of the token.
@dydx plans to make Injective-native $USDC the sole trading collateral on dYdX Chain, with current balances remaining untouched until @dydx publishes a migration timeline.
Per Injective's announcement, the integration is also designed to generate fees that fund programmatic buybacks of ATOM, the native token of Cosmos Hub.
Why Noble Is No Longer the Answer
With Noble now focused on its own EVM chain, Circle announced on September 10, 2026 that it is discontinuing USDC and CCTP V1 support on Noble. Developers currently integrating Noble $USDC are advised to begin migrating to Injective $USDC and set up support for pools and markets using the USDC.inj denomination ahead of that deadline.
Through CCTP, $USDC can move natively between supported blockchains without relying on wrapped assets, reducing liquidity fragmentation and simplifying cross-chain deposits and trading.
Sources:
Injective: USDC Adoption by Cosmos and dYdX
Circle: CCTP V1 Deprecation and CCTP V2 as the Canonical Standard
Crypto Briefing: Circle Discontinues USDC Support on Noble as CCTP V1 Winds Down
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Payments giant MoneyGram has announced its entry into the stablecoin-based debit card market, choosing Latin America as its launch market. The project is built on the Stellar (XLM) blockchain network, which powers the new virtual Visa card.
The pilot launch took place in Colombia in partnership with fintech platform Rain and crypto service Crossmint, allowing users in the region to convert digital dollars directly into everyday purchases.
The product is tailored to the specifics of the Latin American market, where cross-border remittances traditionally play a major role and consumers seek accessible tools to protect their funds from inflation.
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At this stage, the card is available through the MoneyGram app after users complete identity verification (KYC). It can be instantly linked to Apple Pay or Google Wallet for contactless payments at any retailer that accepts Visa.
Automatic USDC conversion, Apple Pay integration and no deposit insurance: Key technical details of the projectThe key feature of its Stellar-based architecture is automatic conversion at checkout. Customers hold their balances in USDC, while the system instantly converts the cryptocurrency into fiat pesos at the moment of purchase for settlement through Visa's global network.
The Stellar network provides transaction speed, while Crossmint supplies the wallet custody infrastructure. The company also confirmed that the card will soon support MoneyGram's own stablecoin, MGUSD, which was issued on Stellar earlier this year.
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The use of the Stellar blockchain in Latin America is driven by the partners' plans to transform the remittance market: instead of withdrawing cash, recipients will be able to move directly to cashless payments.
By the end of 2026, MoneyGram plans to issue physical cards that will allow users to withdraw local currency from ATMs and expand the service to other countries across the region.
Users are also reminded that stablecoin balances are not bank deposits and are not protected by government deposit insurance programs.
According to official announcements, trade.xyz has launched Events, officially entering the prediction market space. Events will cover categories including sports, politics, economics, and financial markets, with plans to continuously expand its category scope and contract types. Users can deposit spot BTC, borrow USDC via portfolio margin, open positions in pre-IPO SpaceX perpetual contracts, hedge upcoming SK Hynix earnings events using the event markets, and predict the US Open champion. trade.xyz’s initial Up/Down markets, similar to binary event contracts, cover stocks, commodities, and pre-IPO assets, backed by the depth and liquidity of trade.xyz’s perpetual contracts under HIP-3. These perpetual contracts deliver continuous price discovery and serve as settlement sources, so each contract is priced based on XYZ’s liquid market prices rather than external oracles.
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Oracle's Q1 results beat expectations, climbing more than 5% in after-hours trading.
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The US SEC intends to make blockchain the official record for securities ownership, marking a key regulatory breakthrough for tokenized stocks.
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US stocks closed Thursday: The Dow Jones fell 0.6%, the S&P 500 dropped 0.58%, and the Nasdaq declined 0.65%. Nvidia (NVDA.O) fell 2.2%, Intel (INTC.O) dropped 5.5%, SK Hynix (SKHY.O) declined 5.2%, while Apple (AAPL.O) gained 3.5%. Among crypto-related concept stocks: MSTR fell 3.12%, CRCL dropped 2.82%, COIN declined 1.40%, SBET fell 1.29%, PURR plunged 8.49%, and HOOD fell 1.69%.
Nubank just made its biggest bet on crypto rails yet. The Brazilian fintech giant, which serves over 140 million customers, has launched Nu Global, a multi-currency digital account that converts user deposits into Circle’s USDC and EURC stablecoins and uses them as the backbone for international transfers.
The product went live on September 10, offering fee-free transfers across more than 35 countries with initial focus on Europe and Latin America. It also marks Nubank’s formal entry into the US market, where it has partnered with FDIC-insured Lead Bank while pursuing its own national bank charter.
How Nu Global actually works The core mechanic is straightforward: users deposit local currency, and Nu Global converts it into stablecoins. USDC handles dollar-denominated balances, while EURC covers euros. Those stablecoin balances earn daily yield, with USDC paying 3.50% APY and EURC paying 2.20% APY.
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The account comes with a virtual Mastercard for global spending, meaning users can tap into their stablecoin balances at merchants worldwide without needing to manually convert anything. Users can also hold and trade a curated selection of digital assets within the app, including Bitcoin and Ethereum, alongside their stablecoin positions.
This isn’t Nubank’s first foray into stablecoins. The company already offered USDC functionality through NuCrypto, its Brazil-based crypto service. Nu Global extends that foundation into a fully integrated international banking product rather than a standalone crypto feature.
The US play and banking charter ambitions The partnership with Lead Bank, which carries FDIC insurance, provides a regulatory bridge while Nubank works toward its own national bank charter. The company received preliminary conditional approval for that charter in January 2026, a process that typically involves extensive regulatory scrutiny from the Office of the Comptroller of the Currency.
CEO David Vélez has framed Nu Global around the concept of “borderless lives,” targeting the millions of people who live, work, or have financial obligations across multiple countries.
What this means for Circle and stablecoin adoption The yield offerings on stablecoin balances also deserve attention. A 3.50% APY on USDC is competitive with many US high-yield savings accounts, and it comes wrapped in a product that offers international functionality those accounts can’t match. The 2.20% APY on EURC, while lower, reflects the European Central Bank’s rate environment.
The key markets in Nu Global’s initial rollout, Brazil, Colombia, Mexico, and the US, represent some of the highest-volume remittance corridors in the Western Hemisphere.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Injective USDC officially becomes the standard across Cosmos, dYdX, and the entire Cosmos ecosystem. Together with Circle, Cosmos Labs, dYdX, and ecosystem partners, we’re coordinating the transition from Noble USDC to native USDC issued by Circle on Injective.
The migration opens on Skip:Go tomorrow, September 11. Users on supported chains will be able to move from Noble USDC, displayed as USDC.n, to Injective USDC, displayed as USDC.inj.
dYdX will adopt USDC.inj as the sole eligible trading collateral on dYdX Chain. Current balances, operations, and trading remain unchanged. dYdX will publish its migration timing and instructions before users need to act.
One USDC standard connects the ecosystem. Injective provides the native issuance network, while IBC brings that USDC to participating Cosmos chains.
What Injective USDC brings to Cosmos
The transition gives Cosmos a shared USDC deployment for trading, lending, payments, and treasury activity. Wallets, exchanges, and applications can align around the same asset as they migrate, reducing fragmentation across USDC representations. This carries forward the ecosystem adoption announced in May.
Injective also connects Cosmos to Circle’s newer CCTP infrastructure. Noble uses CCTP v1. Injective supports CCTP v2, giving users access to a broader network of supported chains, including Ethereum, Base, and Solana. IBC extends that connectivity to participating Cosmos chains.
On Injective itself, USDC works across EVM and Wasm applications through the MultiVM Token Standard. Developers can build with either environment while using the same native asset. Traders can put USDC to work in Injective’s onchain markets, and applications can use it for lending, collateral, and payments. Injective’s USDC launch.
Eligible institutions also have direct access to Circle Mint on Injective for fiat conversion, minting, and redemption. Applications benefit from Injective’s subsecond finality and low transaction fees for activity on the network. Circle’s Injective announcement.
A supported path beyond Noble
Noble USDC already brought Circle-issued dollars to Cosmos through IBC. The transition preserves that foundation while moving the ecosystem to Injective’s CCTP deployment and application infrastructure.
It also establishes the replacement as Circle winds down Noble support. New minting to Noble through Circle Mint stops on October 13, 2026. Circle Mint and CCTP access for Noble ends on January 13, 2027.
For dYdX, adopting USDC.inj gives trading collateral a shared issuance source with the wider Cosmos ecosystem. Injective and dYdX are working together to complete the transition ahead of the cutoff.
Migration Opens September 11
Skip:Go’s guided flow lets users migrate USDC.n and receive USDC.inj on the chain where they started.
Open Skip:Go and select USDC.n on your chain as the source.Select USDC.inj on the same chain as the destination.Sign two transactions, one on your starting chain and one on Injective. A Skip relayer handles the intermediate CCTP steps.Supported chains at launch include dYdX, Osmosis, Cosmos Hub, Terra 2.0, Neutron, ZIGChain, XPLA, and Initia. More chains will join as they get integrated with Skip:Go. A dedicated migration API and integration documentation will follow.
dYdX users should wait for dYdX’s specific instructions before taking action. Liquidity providers should follow their protocol’s guidance for moving positions into USDC.inj pools and markets.
Dates for the Transition
September 11, 2026. Guided migration opens on Skip:Go.October 13, 2026. Circle Mint stops new USDC minting to Noble. Redemptions remain available.October 31, 2026. Legacy CCTP burn limits begin stepping down toward zero.December 1, 2026. CCTP exits from Noble may become limited to fewer destination chains.January 12, 2027. The migration window closes and Circle takes its snapshot of remaining balances.January 13, 2027. Circle Mint and CCTP access for Noble ends. Remaining holders must use Circle’s manual redemption process, subject to its eligibility requirements.Manual redemption requires USDC to be in a holder-controlled wallet included in the snapshot. USDC held in pools or smart contracts at that time will not qualify.
For supported holdings outside protocol-specific migration plans, migrate before October 31, when legacy CCTP limits begin tightening.
Injective USDC gives Cosmos a shared foundation for the next generation of onchain markets. Explore USDC on Injective and follow your chain or application’s migration instructions.
About InjectiveInjective is the first blockchain purpose-built for finance, enabling users, institutions, and AI agents to trade, tokenize, and transact at scale. Proudly made in America, Injective provides foundational blockchain infrastructure for global markets, with embedded financial primitives spanning stablecoins, real-world assets, payments, and programmable perpetuals through a unified onchain engine. Injective is used by Fortune 500 companies, banks, fintechs, and governments to power an open economy where any asset can be accessed anytime, from anywhere. Builders can deploy across multiple virtual machines like WASM and EVM, connect to native financial modules, and launch markets with deep liquidity from day one. INJ is the native token powering the rapidly growing Injective ecosystem and the new internet economy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Uniswap Labs has launched the "StablePair Hook", a new Uniswap v4 hook built exclusively for stablecoin trading pairs including USDC/USDT and USDC/USDG. The StablePair Hook uses dynamic fees instead of fixed fees, with fees adjusting based on the degree of deviation between the liquidity pool’s price and its reference price. When the price is near the reference level, the mechanism adjusts per-trade fees to maintain a fixed spread between bid and ask prices. Uniswap Labs notes that if the price moves outside this range, trades that push prices further away from the range will incur no fees, as these trades already provide a favorable price for the liquidity pool. Trades that pull prices back toward the reference price operate via a Dutch auction: fees start at a high level and decrease with each subsequent block until a trader accepts the terms, enabling liquidity providers (LPs) to capture more gains from price pullbacks. The first StablePair Hook pools will launch on Ethereum, supporting the USDC/USDG and USDC/USDT pairs. Uniswap Labs also reported that stablecoin-to-stablecoin swap volume on the Uniswap platform reached $43.4 billion in the second quarter, exceeding the combined total of the second and third-ranked on-chain trading platforms.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to EmberCN’s monitoring, a whale today continued a cross-chain purchase of 544.5 BTC via THORChain, valued at roughly $42.43 million. As of now, the whale has converted 60.37 million USDC into 767.8 BTC via THORChain over the past two days, with an average purchase price of approximately $78,628.
