Track market-moving stories before they get noisy

Kraken Opens a Direct USDC Bridge to InjectiveKraken has added native USDC deposits and withdrawals on Injective, giving users a direct path between the exchange and the network. Capital can now flow between Kraken and Injective without routing through another blockchain or relying on wrapped tokens.

The integration removes a step that previously added friction for traders moving stablecoins onchain. Kraken users can withdraw USDC directly to an Injective address and deposit it back through the same network, streamlining access to Injective's onchain markets.

Why Native USDC Matters for InjectiveThe Kraken integration builds on a broader shift for Injective that began in May 2026. , giving the network a regulated dollar asset issued directly by Circle rather than through a bridge.

Sources:
Kraken Blog: USDC deposits and withdrawals now available on Injective
Injective Blog: Native USDC and CCTP live on Injective
Circle Blog: USDC and CCTP are coming to Injective

Source: Binance EN

This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Get ready for Crypto or TradFi — Trade Futures Your Way: take on the markets, climb the leaderboard, and compete for your share of a 40,000 USDC prize pool. Choose your arena and showcase your trading skills. Eligible Crypto Futures traders will battle for rankings based on ROI, while eligible TradFi Futures traders will compete based on trading volume. Whether you’re aiming for high-performance returns or strong trading activity, every eligible trade can move you closer to the top. The higher your rank in your respective competition, the bigger your potential reward from the 40,000 USDC prize pool. Trade your way, compete with confidence, and seize the opportunity to win. Note: Eligible Futures trading pairs include all available pairs on Binance Exchange, except stablecoin-to-stablecoin, 0 fee pairs, and 0 fee maker orders. Activity Period: 2026-09-08 08:00 (UTC) to 2026-10-07 23:59 (UTC) Join Here Activity A: Trade Futures to Share a 25,000 USDC Prize Pool All qualified users who confirm their participation and trade a minimum of $25,000 equivalent on eligible Futures trading pairs during the Activity Period will be ranked by their ROI performance, where the top 5,000 participants will share the prize pool as per the table below. Note: Eligible Futures trading pairs include all available pairs on Binance Exchange, except stablecoin-to-stablecoin and 0 fee pairs. Eligible Users’ Rankings Based on ROI Performance During the Activity PeriodRewards Per Eligible User1st Place5% of the total prize pool2nd Place4% of the total prize pool3rd Place3% of the total prize pool4th - 10th PlacesAn equal share of 10% of the total prize pool11th - 50th PlacesAn equal share of 20% of the total prize pool51st - 100th PlacesAn equal share of 12% of the total prize pool101st - 500th PlacesAn equal share of 16% of the total prize pool501st - 5,000th PlacesAn equal share of 30% of the total prize pool How to Get Started: Step 1: Log in to your Binance account. If you don’t have a Binance account yet, register for an account now. Step 2: Click the “Register Now” button on the activity page during the Activity Period. Step 3: Complete trades on eligible Futures trading pairs during the Activity Period. Activity B: Trade TradeFi to Share a 15,000 USDC Prize Pool All qualified users who confirm their participation and trade a minimum of $5,000 equivalent on eligible TradeFi trading pairs during the Activity Period will be ranked by their trading volume , where the top 5,000 participants will share the prize pool as per the table below. Note: Eligible Futures trading pairs include all available pairs on Binance Exchange, except stablecoin-to-stablecoin, 0 fee pairs, and 0 fee maker orders. Eligible Users’ Rankings Based on Their Trading Volume During the Activity PeriodRewards Per Eligible User1st Place5% of the total prize pool2nd Place4% of the total prize pool3rd Place3% of the total prize pool4th - 10th PlacesAn equal share of 10% of the total prize pool11th - 50th PlacesAn equal share of 20% of the total prize pool51st - 100th PlacesAn equal share of 12% of the total prize pool101st - 500th PlacesAn equal share of 16% of the total prize pool501st - 5,000th PlacesAn equal share of 30% of the total prize pool How to Get Started: Step 1: Log in to your Binance account. If you don’t have a Binance account yet, register for an account now. Step 2: Click the “Register Now” button on the activity page during the Activity Period. Step 3: Complete trades on eligible TradeFi trading pairs during the Activity Period. Terms and Conditions: Only regular and VIP 1 - 3 users who complete identity verification in the selected region and click "Register Now" on the Activity page during the Activity Period, will be eligible for the activity.Eligible Futures trading pairs include all available pairs on Binance Exchange, except stablecoin-to-stablecoin and 0 fee pairs or 0 fee maker orders.The TradFi Perpetual USDⓈ-Margined Futures contracts are traded on the FSRA-regulated exchange, Nest Exchange Limited, and cleared by the regulated clearing house, Nest Clearing and Custody Limited. Learn more here.Eligible users can view their rankings for Activities A and B on the Activity Page. Please note that the list of final winners for Activities A and B are subject to a risk assessment by Binance, and will be updated after the Activities end.Binance will combine sub-accounts' trading volume with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.ROI calculation is based on:Individual Futures ROI (in USDT): (USDⓈ-M Futures PnL + COIN-M Futures PnL) / (100 USDT + USDⓈ-M Futures Initial Account Balance + COIN-M Futures Initial Account Balance + Futures Account Deposit)Binance reserves the right to disqualify user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Token voucher rewards will be distributed after the Activities end by 2026-11-06. Users will be able to log in and redeem them via Account > Rewards Hub.The validity period for the token voucher is set at 30 days from the day of distribution. Learn how to redeem a voucher.Binance reserves the right to cancel or amend any Activity or Activity Rules at its sole discretion.Binance 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.The Binance Terms and Conditions for Prize Promotions apply to this Activity.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2026-09-08 Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Clearing Rules, Clearing Procedures, Contract Specifications and Risk Warning.

Monad’s API Hub hosts 66 active services from independent providers, all accessible through pay-per-request micropayments. Prices range from $0.01 to $7.50 per endpoint call, with analytics heavyweight Nansen contributing 83 different endpoints alone.

At the core of the system sits the x402 v2 protocol, an open standard for internet-native payments that turns every API call into a tiny financial transaction. When a developer or an autonomous AI agent makes a request, the x402 facilitator on Monad handles verification and on-chain settlement automatically. The protocol operates on Monad’s mainnet (chain ID eip155:143) and its testnet.

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Payments settle exclusively in USDC, Circle’s dollar-pegged stablecoin. Monad’s mainnet launched on November 24, 2025, with native USDC support and developer tools from Circle baked in from day one. The blockchain targets sub-second finality and up to 10,000 transactions per second.

Autonomous AI agents need programmatic access to information but traditional API marketplaces require account creation, email verification, credit card entry, and key management. Pay-per-request with USDC strips all of that friction away. At $0.01 per call on the low end, an agent could make 100 requests for a dollar, pulling on-chain analytics from Nansen or other providers without any pre-existing relationship.

The Monad Foundation joined the x402 Foundation on June 29, 2026, placing it alongside Coinbase, Circle, and Cloudflare as contributors to the open payment standard. The x402 Foundation’s goal is standardization: if multiple blockchains and service providers adopt the same protocol for pay-per-request transactions, developers write integration code once and it works everywhere.

The competitive landscape for blockchain data APIs includes established players like Dune Analytics, The Graph, and various RPC providers, most of which still rely on traditional subscription models. Sixty-six services is a decent starting catalog, and Nansen’s 83 endpoints provide genuine analytical depth. The pricing transparency, with costs visible per endpoint rather than buried in enterprise tier structures, is a distinguishing feature for developers managing usage costs.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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.

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Circle has agreed to acquire Tazapay, a Singapore-headquartered B2B cross-border payments company, as the USDC issuer seeks to expand its global payments infrastructure and increase stablecoin adoption.

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The transaction, which is expected to close in 2027 pending regulatory approvals including from Singapore’s Monetary Authority, will bring Tazapay’s banking relationships, local payout infrastructure and institutional customer base into Circle. Tazapay supports payments across more than 100 markets, works with over 60 banking and fintech partners and has more than $25 billion in annualized payment volume, with stablecoins accounting for about 60% of transactions.

Circle said the acquisition will strengthen its ability to move money globally around the clock and help make USDC a default payment rail for cross-border commerce. Tazapay customers will continue to receive their existing services, APIs, pricing and support without disruption.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

[Update 13:30 UTC, Sept. 8: Adds the $400 million purchase price and stock payment terms disclosed in Circle’s SEC filing.]

Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a $400 million all-stock deal expected to close in 2027.

Circle will pay in Class A common stock, with the purchase price subject to adjustments for Tazapay’s debt, transaction expenses and cash, according to a filing with the US Securities and Exchange Commission.

The transaction will also require customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in a Tuesday announcement.

Tazapay has more than $25 billion in annualized payment volume and serves more than 60 banking and fintech partners with local payout rails covering more than 100 markets. The company said in August 2025 that annualized payment volume was more than $10 billion.

Circle previously invested in Tazapay through Circle Ventures, including in the startup’s August 2025 Series B round. Tazapay has raised $57.9 million across five funding rounds, according to Tracxn data.

Stablecoins account for about 60% of Tazapay’s transaction volume, according to Circle. The company said the acquisition will expand its ability to route payments to and from Asia-Pacific and emerging markets.

“This acquisition will increase Circle’s capability to originate and terminate payments globally, near-instant and 24/7, which is a meaningful step toward making USDC the default payment rail for cross-border commerce,” said Irfan Ganchi, senior vice president of payments at Circle.

Tazapay has been a design partner for the Circle Payments Network since 2025. Circle said Tazapay customers should see no disruption to their services, APIs, pricing or support.

Circle’s (CRCL) NYSE-traded shares were down more than 2% in Tuesday’s premarket activity, at last look, according to Yahoo Finance.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Stablecoin satışları, normal kripto piyasa dalgalanmalarında sınırlı kalabilir. Ancak Çin Renmin Üniversitesi tarafından yürütülen yeni bir araştırmaya göre belirli bir şok seviyesinin aşılması, satış baskısını hızla büyüterek çok daha sert bir düşüşe yol açabilir. Araştırmacılar, negatif haberlerin stablecoin fiyatları üzerindeki etkisini incelemek için büyük dil modeli ajanlarından yararlandı.

Çalışmanın sonuçları, satışların başlangıçta kontrol edilebilir seviyede kalabildiğini, ancak kritik bir eşiğin ardından hız kazanabildiğini gösteriyor. Bu durum, özellikle likiditenin zayıfladığı dönemlerde yatırımcılar açısından önemli bir risk oluşturuyor.

Kripto Çöküşünün Sebebi Ne Olabilir? Stablecoin fiyatında küçük sapmalar meydana geldiğinde arbitraj yapan yatırımcılar devreye girebilir. Fiyatı 1 doların altına inen bir stablecoin’i satın alan yatırımcılar, oluşan fiyat farkından yararlanırken tokenın yeniden 1 dolara yaklaşmasına da katkı sağlayabilir.

Ancak büyük çaplı bir şok bu mekanizmayı bozabilir. Piyasadaki kullanılabilir likidite azaldığında satış emirleri yoğunlaşır ve yatırımcıların pozisyonlarını kapatma isteği artar. Böylece arbitraj işlemleri, fiyatı dengelemekte eskisi kadar etkili olmayabilir.

Kripto Korku Ve Likidite Riski Nasıl Birbirini Besliyor? Araştırma, korku, düşük likidite ve yoğun bireysel yatırımcı satışlarının birbirini güçlendirebildiğine işaret ediyor. Emirlerin ağırlıklı olarak tek bir tarafta birikmesi, arbitraj yatırımcılarının piyasaya girme konusunda daha temkinli davranmasına neden olabiliyor.

Daha dikkat çekici sonuçlardan biri ise şokun kaynağının, en sert senaryolarda ikinci planda kalması. Deneylerde olayın nedeninden ziyade yaşanan şokun büyüklüğü, stablecoin üzerindeki baskının seviyesini belirleyen daha önemli unsur olarak öne çıktı.

Mart 2023’teki USDC krizi bu riske gerçek dünyadan güçlü bir örnek sundu. Rezervlere ilişkin endişelerin ortaya çıkmasının ardından yatırımcılar USDC satmaya başladı. Hafta sonunun etkisiyle itfa işlemlerine erişimin sınırlanması da baskıyı artırdı ve USDC 1 doların altına geriledi. Daha sonra stablecoin yeniden dolar sabitini korumayı başardı.

Stablecoin Rezervleri Tek Başına Yeterli Mi? Bir stablecoin’in arkasında yeterli varlık bulunması, fiyat istikrarını her koşulda garanti etmeyebilir. Özellikle yatırımcıların aynı anda çıkışa yöneldiği dönemlerde rezervlerin açık biçimde raporlanması ve güvenilir itfa mekanizmalarının bulunması kritik önem taşıyor.

Bu konu, stablecoin kullanımının ödeme alanına doğru genişlemesiyle birlikte kripto para piyasası açısından daha önemli hale geliyor. Bain’in tahminlerine göre bankaların ödeme gelirlerindeki payı bugün yüzde 80 seviyesindeyken, 2030’da yüzde 69’a gerileyebilir.

Stablecoin cüzdanları, geleneksel banka hesaplarına kıyasla daha hızlı sınır ötesi transfer imkanı sunabiliyor. Bu özellik, stablecoin’leri yalnızca bir dijital varlık aracı olmaktan çıkararak bankacılık sektörünün ödeme hizmetleriyle rekabet eden bir alternatif haline getiriyor.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

CCTP now supports upfront fee payment for Fast Transfers. Instead of deducting protocol fees from transferred USDC on the destination chain, developers can now quote and collect fees upfront in either the source chain’s native gas token or USDC. As a result, developers can simplify fee handling for crosschain transfers and users receive the intended USDC amount.

Predictable transfers and streamlined fee handlingBy handling fee collection before transfer execution, this update to CCTP Fast Transfers addresses three core challenges for crosschain applications:

Predictable Transfer Amounts: End users receive the expected amount of USDC sent, eliminating destination-side fee deductions and unexpected net outputs in payment or wallet workflows.One Bundled Quote via Quote API: The Quote API abstracts fee calculations across supported chains, bundling Fast Transfer and Forwarding fees into a single quote. Integrators no longer need to build custom infrastructure to calculate multiple protocol fees independently.Flexible Fee Collection: Fees can be collected in the source chain's native token without eroding or touching the underlying USDC balance being transferred.How to get startedUpfront fee payment is available now for USDC transfers across all EVM chains supported by CCTP. While transfers originating from Solana are not currently supported, transfers to Solana are supported.

To implement upfront fee payment, integrators can query the Quote API to retrieve fee quotes.

Explore the CCTP documentation to start building predictable crosschain transfer flows today.

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CCTP is a crosschain messaging infrastructure service provided by Circle Technology Services, LLC ("CTS"). CCTP is non-custodial; CTS does not hold, control, manage, or transfer user assets or act as a transfer agent, registrar, broker-dealer, investment adviser, or clearing agency. CCTP is not a financial, payment, or advisory service and has not been reviewed or approved by NYDFS or any other regulatory authority. Transfers are irreversible; CTS cannot recover assets sent to an incorrect address. CTS does not vet, endorse, or back third-party assets; such assets are subject solely to the applicable third-party terms and risks. Issuers are solely responsible for their services and compliance with applicable laws. Any fee estimates are non-binding previews; actual fees may differ. Assets are subject to a number of risks, including, but not limited to, price volatility and smart-contract, relay, and bridge vulnerabilities. Availability is subject to change. Developer terms apply.

TLDR KuCoin launched KCUSD on September 7, a new yield product for stablecoin holders Users can subscribe with USDT, USDC, or USDG with no subscription fee The base APR is dynamic and can reach up to 4% A promotional APR of up to 6% is available for qualifying new deposits during launch KuCoin plans to let KCUSD be used as trading collateral in the future, though this feature is not active yet KuCoin launched a new product called KCUSD on September 7. The product lets eligible users earn daily returns on their stablecoin holdings.

KCUSD is not a typical stablecoin meant for payments or transfers. Instead, it works as a yield-bearing product inside KuCoin’s platform.

The product is open to retail, high-net-worth, and institutional users who meet eligibility requirements set by the exchange.

How KCUSD Works Users can subscribe to KCUSD with USDT, USDC, or USDG. The minimum subscription is just one unit of any supported stablecoin.

There is no subscription fee to join the product. Users can redeem their funds in the same asset they originally used to subscribe.

Returns are credited daily and added automatically to a user’s balance. This means holders do not need to manually reinvest their earnings.

The base annual percentage rate is dynamic and can reach up to 4%. KuCoin has not said how often this rate may change.

During the launch period, users who deposit qualifying new funds can earn a promotional APR of up to 6%. KuCoin has not said how long this higher rate will last.

KuCoin said the yield comes from real-world assets. These include tokenized U.S. Treasury securities.

What Comes Next For KCUSD KuCoin has said KCUSD could eventually be used as collateral for margin and trading purposes. This feature is not active yet.

If this feature launches, users may be able to earn yield while still using their funds for trading. For now, KCUSD only works as a hold-to-earn product.

KuCoin has not given a timeline for when the collateral feature will launch. The company also has not shared full details about how the supporting assets are managed.

Information about custody arrangements and independent verification of the underlying assets has not been made public. These details could affect how users judge the safety of the product.

The advertised APR is not fixed. Actual returns could shift depending on market conditions and how the supporting assets perform.

Yield-bearing crypto products carry risks. These can include platform risk, liquidity risk, redemption risk, and regulatory risk.

KuCoin has encouraged users to review the product terms before signing up. This includes reading about eligibility rules and redemption conditions.

As of September 8, KCUSD remains available to eligible users through KuCoin’s platform. The company has not announced further updates beyond its initial launch details.

The Sandbox has officially opened compensation claims for its vulnerability incident, with the application window remaining open until 00:00 on the 23rd.

According to an official announcement, The Sandbox has officially opened SAND compensation claims. Users affected by the SAND cross-chain contract vulnerability incident on Base and BNB Smart Chain (BSC) on August 22 will receive full SAND compensation on the Ethereum network at a 1:1 ratio, provided they held bridged SAND on the affected networks before the incident. Eligibility is based on on-chain balance snapshots taken prior to the event and is independent of any transactions, transfers, or holdings users made after the incident. The Sandbox stated that compensation eligibility is determined by on-chain balances recorded before the contract exploit. The Base network snapshot corresponds to Block 50283188 at 23:42:03 UTC on August 21, 2026, while the BSC snapshot is Block 117322025 at 11:42:44 UTC on the same date. Users holding SAND on Base or BSC via centralized exchanges do not need to take any action, as The Sandbox is coordinating with relevant platforms to process compensation. Those holding SAND in personal wallets must submit claims on their own. The claim period runs from September 8 to 24:00 UTC+8 on September 22. To file a claim, users only need to initiate a single transaction from the original wallet that held SAND at the snapshot time—no token authorization, off-chain message signing, or transfers to any addresses are required.

15 minutes ago

Binance Alpha has listed PONS, CASHCAT, and Artificial Inu (AI).

According to its official website, Binance Alpha has listed PONS, CASHCAT, and Artificial Inu (AI).

15 minutes ago

The UK issued government bonds at the highest yield since at least 1998.

According to Bloomberg, the UK has reopened ￡4.25 billion in gilts maturing in 2056, with an issuance yield of 5.8168%—the highest yield paid on a UK government bond since at least the establishment of the UK Debt Management Office in 1998. A source familiar with the matter said the pricing of this transaction was 0.75 basis points higher than the yield on UK gilts maturing in December 2055 with a 4.25% coupon. The offering ultimately drew ￡85 billion in subscriptions, resulting in a 20x oversubscription ratio, and the gilt carries a 5.375% coupon. The joint lead managers for the deal are BofA Securities, Goldman Sachs International, JPMorgan, Santander, and UBS Investment Bank.

15 minutes ago

Bloomberg: SpaceX Poised to Benefit from Potential Nasdaq 100 Index Weight Increase

According to Bloomberg, SpaceX’s share price has been trading in a narrow range recently, but a new wave of buying may be coming soon as the Nasdaq 100 index will undergo its quarterly rebalance later this month. The key factors include a little-known rule in the construction of this tech-heavy benchmark and the staged lock-up period arrangements for shareholders of Elon Musk’s satellite and space exploration company. These elements have limited the number of SpaceX shares available for trading in the current market.

15 minutes ago

MARSCOIN's market capitalization has halved from its peak, briefly falling below $130 million.

According to HTX market data, MARSCOIN, a meme coin in the BNB Chain ecosystem, has halved its market capitalization from its peak, briefly dropping below $130 million, with a 24-hour decline of 22.34%.

15 minutes ago

A cross-market whale with $20 million in holdings has reached a consensus, yet still expects CLARITY has low odds of becoming legal tender this year.

According to TradingBeats' monitoring, the implied probability that the CLARITY Act will be signed into law this year has dropped to 15.5%. Among whales active across markets in this prediction market segment, only two traders who have long been active on both Polymarket and Hyperliquid still hold their previously established "Yes" positions, and have not exited as odds have fallen. TwoEyes and Geminae.Columbae currently hold a combined ~254,600 "Yes" contracts, with a position value of roughly $39,500, and a combined unrealized loss of ~$11,800. The average entry cost for both corresponds to a roughly 20% probability of the Act being signed into law, meaning the market price is now significantly lower than their entry level. Of the two, TwoEyes holds ~195,500 "Yes" contracts, with an average entry cost corresponding to a 20.2% probability, and an unrealized loss of ~$9,197; Geminae.Columbae holds ~59,200 contracts, with an entry cost probability of 19.94%, and an unrealized loss of ~$2,628. The two still hold large exposure to crypto assets on the other side. Data from Hyperliquid shows their combined nominal size of current crypto long positions is ~$19.92 million. TwoEyes holds a ~$1.606 million BTC long position, plus a ~$348,000 crude oil short position. Geminae.Columbae, meanwhile, holds long positions in BTC, ZEC, LINK, and HYPE, totaling ~$18.317 million.

15 minutes ago

Kamino Finance has opened a new borrowing market on Solana that accepts ZEC, the bridged version of Zcash’s native token, as collateral. Users can now post ZEC to borrow USDC, or dial up their exposure using Kamino’s Multiply product, which loops positions to create leverage without requiring a centralized exchange.

How it works and why Kamino built it this way Kamino routes ZEC through cross-chain bridge infrastructure, specifically NEAR Intents and OmniBridge, to bring the asset onto Solana in a form the protocol can price and custody. ZEC first became tradable on Kamino Swap, the protocol’s aggregator, in late October 2025, so this lending launch is a logical next step rather than a sudden pivot.

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The ZEC market sits inside Kamino’s isolated lending architecture, where ZEC collateral risk is contained in its own pool rather than mingling with the protocol’s main liquidity. That structure lets Kamino set custom loan-to-value ratios and liquidation thresholds tuned specifically to ZEC’s volatility profile, without exposing core markets to spillover risk if ZEC experiences a sharp drawdown.

The Multiply feature automates the loop of borrowing USDC, swapping it back into ZEC, and redepositing in a single transaction. The result is amplified ZEC exposure funded by borrowed stablecoins.

Part of a bigger pattern at Kamino The most recent comparable move was the introduction of a PAXG market on or around July 27, 2026. PAXG represents tokenized gold, so Kamino effectively allowed users to borrow USDC against a digital representation of physical gold bars. ZEC follows the same template, just with a privacy-focused cryptocurrency rather than a precious metal.

What this means for ZEC and privacy-asset DeFi Zcash’s shielded transaction capability uses zero-knowledge proofs, but regulatory pressure around privacy coins has kept many centralized venues at arm’s length, and DeFi integration has lagged behind mainstream assets by years.

Kamino’s overall lending platform handles billions in aggregate market size across its various pools, though specific figures for the ZEC market have not yet been disclosed. No expert commentary or specific TVL data has surfaced regarding the ZEC market to date.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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.

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DBS, a leading financial services group based in Singapore, and US financial giant Citi completed their first weekend tokenized cross-border payment between Singapore and the United States. The transaction, executed on a Saturday, bypassed traditional banking hour restrictions and was finalized within minutes, according to an announcement from DBS released on Monday.

Tokenized deposits accelerate settlementBoth DBS and Citi utilized tokenized deposits through the Swift Digital Ledger. This approach allowed them to avoid the constraints of standard banking hours and drastically reduce the settlement time, which typically takes up to two business days when using conventional cross-border transfer methods.

DBS described this rapid settlement as a significant advancement in the banking sector, affirming that tokenized deposits have the potential to fundamentally enhance efficiency for institutional payments.

The settlement was completed within minutes, a significant improvement over the industry norm of up to two business days for cross-border payments.

Banks adopt blockchain rails for efficiencyThe transaction marks a continued trend of major banks using blockchain-based solutions to streamline cross-border settlements while retaining customer deposits inside established banking networks. Standard Chartered and HSBC completed a similar tokenized cross-border transaction using Swift’s blockchain ledger in August, making them early adopters of this technology.

In July, Swift, recognized as the world’s largest financial messaging network, confirmed its blockchain-based ledger’s readiness for real-world application. The company is preparing to pilot tokenized cross-border payments with 17 major international banks. Besides Citi and DBS, participating banks include HSBC, BNP Paribas, UBS, ANZ, and Standard Chartered.

Mini dictionary: Swift Digital Ledger, a blockchain-based system developed by Swift to provide secure and instant cross-border payment settlement between banks, leveraging tokenized assets.

BankNetwork UsedPilot or LiveDBS, CitiSwift Digital LedgerLive (transaction completed)Standard Chartered, HSBCSwift Digital LedgerPilot (transaction in August)BNP Paribas, UBS, ANZSwift Digital LedgerPilot (planned)Wider adoption and industry initiativesCiti, recognized as one of the largest US financial institutions, is also part of a consortium of US banks planning to launch a separate tokenized deposit network in the first half of 2027. This upcoming network will be operated by The Clearing House, a bank-owned payments operator, as reported by CEO David Watson in June.

In November 2025, DBS and JPMorgan announced a joint effort to build a blockchain-based tokenization framework, aiming to enable onchain transfers between their deposit token ecosystems. Their initiative is intended to help set an industry standard for secure and efficient cross-bank payments using blockchain technologies.

These developments reflect the growing interest among major financial institutions in integrating blockchain rails to advance global payments infrastructure.

The Bank of Korea has raised concerns over the potential impact of US dollar-backed stablecoins on domestic monetary sovereignty, according to a new research report. The central bank’s findings suggest that increased reliance on stablecoins such as USDT and USDC could put pressure on local currencies, especially if major global crypto exchanges expand direct fiat pair offerings.

Monetary sovereignty at riskStablecoins are digital assets designed to maintain a fixed value by pegging them to traditional currencies—primarily the US dollar. Popular examples include Tether (USDT) and USD Coin (USDC). The Bank of Korea, which serves as South Korea’s central bank and monetary policy authority, found that when exchanges like Coinbase and Binance offer direct trading pairs between the US dollar, stablecoins, and local currencies, it becomes easier for investors to switch funds from local bank deposits to stablecoins.

The research notes that this trend can restrict the availability of US dollars within domestic banking systems. The outflow of funds from bank deposits to stablecoins may drive a shift in capital from local markets to global digital asset ecosystems, leading to reduced effectiveness of national monetary policy tools.

Increased usage of stablecoins for cross-border transactions can undermine a country’s ability to manage its own currency and financial stability, especially as global platforms expand their fiat paired offerings.

A notable scenario highlighted by the Bank of Korea involves a potential cutting of interest rates by the Federal Reserve. Should the US central bank lower policy rates, a weaker dollar might prompt local investors to move more cash into stablecoins. This development could further catalyze investment into digital assets and blockchain projects, adding to the pressure on conventional financial institutions.

Ripple effects for local banks and regulatorsThe Bank of Korea pointed out that growing stablecoin adoption is not only a concern for digital asset traders. Local banks could experience deposit outflows as customers move funds toward stablecoins, raising risks of liquidity shortages. Simultaneously, an influx of capital into blockchain platforms can increase regulatory confusion over how to monitor and manage cross-border digital asset flows.

Blockchain platforms and issuers of stablecoins, such as those behind Tether and Circle, are closely tracking these shifts. These entities play a pivotal role in shaping the liquidity landscape, as they facilitate the movement of funds between crypto assets and fiat currencies.

The stablecoin ecosystem also supports activity beyond simple trading. Developers, custodians, and platform operators are using stablecoins for decentralized finance applications, non-fungible token (NFT) creation, and cross-chain transfers. All of these activities amplify the influence of stablecoins on traditional financial operations.

Mini dictionary: The Bank of Korea, the central bank of South Korea, is responsible for the country’s monetary policy, currency issuance, and fostering financial system stability.

Market outlook and policy responseRecent market trends are also influenced by macroeconomic conditions. According to CME FedWatch data, the probability of a US Federal Reserve interest rate reduction in September has increased. Analysts at the Bank of Korea believe that such a policy move could make stablecoins even more attractive for institutional investors, particularly those involved with Bitcoin and Ethereum spot exchange-traded funds (ETFs).

These developments have contributed to notable growth in stablecoin circulation across the global crypto market. However, the Bank of Korea does not currently plan significant new policy responses such as imposing reserve requirements or special limits on stablecoin use.

Major shifts in stablecoin usage can impact both traditional banking liquidity and the broader adoption of digital assets by institutional investors, including those with exposure to major cryptocurrencies through ETFs.

AspectTraditional BankingStablecoin EcosystemLiquidity SourceBank deposits (often in local currency)Digital tokens pegged to USDEffect of US rate cutsPotential capital outflowsGreater appeal, increased adoptionMonitoring authorityCentral banks, local regulatorsGlobal stablecoin issuers, exchangesAs digital assets continue to evolve, the Bank of Korea emphasized the importance of closely watching how stablecoin adoption intersects with both domestic and global financial trends.

Willemstad, Curaçao, 7th September 2026, PlayNewswireBy playnewswire

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Willemstad, Curaçao, September 7th, 2026, PlayNewswire

1win is expanding its crypto offering by introducing USDC deposits and withdrawals via the Solana network and by participating in new Web3 community initiatives, including Sona’s fundraising campaign supporting emergency efforts in Nepal. The developments come as the company continues to broaden the role of digital assets across its products, with 1win Token also approaching its upcoming TGE.

1win users can now make both deposits and withdrawals in USDC via the Solana network, with the functionality available across all geographies currently serviced by the platform. The integration provides users with another option for moving stablecoins onto and off the platform while benefiting from Solana's high-speed, low-cost infrastructure.

USDC deposits via Solana start at 5 USDC, while SOL deposits are available from approximately 0.0099353 SOL, equivalent to around $1 at the time the threshold was set. These are almost the lowest minimum deposit requirements currently available on 1win.

The update comes as 1win continues to develop its broader crypto offering. The company has also announced that 1win Token is set to launch on Solana, with further details on the upcoming TGE and listing to be shared through the project’s official channels, including the @1winToken account on X.

Alongside its latest crypto product updates, 1win has also joined a fundraising initiative launched by the Solana Foundation following the major flooding emergency in Nepal on August 26.

The campaign turned the profile picture of Solana’s official X account into a charity auction, divided into nine zones that companies and Web3 projects could bid on for logo placements. All funds raised through the initiative were directed toward emergency relief efforts in Nepal.

1win secured the Top Center placement with a $16,276 contribution, the second-largest donation made through the initiative. Overall, the auction raised $166,946.50 for relief efforts in Nepal. In parallel, 1win has supported relief efforts on the ground through separate donations to the charitable organization Mountain Heart Nepal.

The new payment option and participation in the Nepal initiative add to 1win’s expanding crypto activities, while further developments around 1win Token are expected to be announced closer to its TGE

About 1win

Founded in 2016, 1win is a global crypto entertainment platform operating across Asia, Latin America, and Africa. 1win offers a wide range of products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, Olympic champion and UFC fighter Gable Steveson, and reggaeton star Nicky Jam as members of the 1win VIP community.

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This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Disclaimer: This is not available for users in the EEA. Fellow Binancians, Binance is pleased to launch a new Word of the Day (WOTD) game! The theme of this week’s WOTD is “Binance Agent OS Trading”. Read selected articles to learn more about this topic and participate in this week’s WOTD to grab a share of the rewards. Activity Period: 2026-09-07 00:00 (UTC) to 2026-09-13 23:59 (UTC) Complete 5 Words to Unlock Your Share of 10,000 USDC WOTD is an educational word-guessing game, which allows users to increase their crypto vocabulary and stay on top of the latest market developments. 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How to Enable the Second WOTD Game After the first game, click the "Get A New WOTD" button.Share the featured link on social media.Unlock the second WOTD game once the shared link is clicked by a logged in user. New User Welcome Bonus In addition, all new users who register for a Binance account using the “WOTD” referral code or via this referral link during the Activity Period, will each receive 10% off their Spot trading fees. Users may also qualify for additional welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration. Play WOTD Now to Earn Rewards! Related Readings for This Week’s WOTD How Binance Agent OS Is Changing Crypto Trading Terms & Conditions Binance reserves the right to modify or cancel the Promotion at any time without prior notice.Binance reserves the right to update the list of eligible countries/regions for the Promotion at any time. 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Only users from eligible countries/regions who complete account verification shall be able to participate and receive rewards.For the new user welcome bonus: The 10% Spot trading fee discount will remain valid as long as the Binance referral program is in place. Users may qualify for welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegal bulk account registrations, self dealing, or market manipulation).Binance reserves the right to disqualify any participant found to be engaging in fraudulent activities or violating the platform’s terms of use.Binance 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.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. 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The stablecoin market keeps growing, and USDC is doing a lot of the heavy lifting. Circle’s flagship token added roughly $584M to its market cap over a single seven-day stretch, driving the bulk of a combined $1.0B increase shared across USDC, Ethena’s USDe, and PayPal’s PYUSD.

Where the stablecoin market stands right now Total stablecoin supply has climbed to somewhere between $303B and $310B. USDC accounts for roughly $74B to $77B of that, which works out to about 24% of the total market.

Tether’s USDT still holds the commanding position at approximately $184B, or around 60% market share.

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Where USDC consistently punches above its weight is in adjusted on-chain transaction volume. Despite trailing USDT in total supply, USDC has captured between 60% and 70% of adjusted transaction volume in multiple periods throughout 2026.

USDC also demonstrated significant momentum in August 2026, when it added $1.5B to its supply in a single week. The current $584M weekly gain is more modest but fits a pattern of consistent, repeatable minting demand rather than one-off spikes.

The three tokens doing the work The $1.0B combined weekly increase came from USDC, USDe, and PYUSD, three tokens with very different architectures and risk profiles.

USDC is the straightforward one. Circle holds cash and short-term Treasuries as reserves, publishes regular attestations, and has built a reputation for regulatory compliance.

USDe, issued by Ethena, maintains its dollar peg through a delta-neutral strategy, holding spot ETH while simultaneously shorting ETH futures. USDe currently sits somewhere in the $4B to $6B range.

PYUSD, the PayPal-issued stablecoin built on infrastructure from Paxos, has experienced notable supply contractions in prior months, with drawdowns of between 11% and 35% at various points. Current supply sits in the $2.7B to $3.9B range.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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Kraken has introduced Fixed Rate Rewards, a new addition to its Kraken Earn platform that lets eligible clients lock in a fixed yield of up to 6% APY on cash and stablecoin balances. Announced on 3 September 2026, the product is built around predictability: clients choose a term, agree on a rate, and keep that rate for its entire duration, with rewards compounding weekly into their allocation.

How Fixed Rate Rewards Work Clients select a lockup term of three, six, twelve or eighteen months, with longer terms generally carrying higher rates. Once a rate is locked in, later market movements affect only new allocations, not the one already committed. Rewards compound weekly, and an opt-in auto-renew feature rolls balances over at maturity using the prevailing rate for the same term; if auto-renew is switched off, funds are simply returned when the term ends. Kraken positions the product as a straightforward way for holders to put idle cash and stablecoins to work.

Terms, Assets and Availability Fixed Rate Rewards supports eligible fiat balances in US dollars and euros, alongside the stablecoins USDT, USDC and USDG. It is available in the Kraken Consumer and Pro apps on web and mobile, though participation is subject to geographic and eligibility restrictions and the product is not offered in every market. In the United States, access is limited to accredited investors. The offering sits within Kraken Earn, the exchange’s hub for yield-generating products, and joins the firm’s broader push into banking-adjacent services for crypto users.

A Predictable Yield Play for Kraken For Kraken, the launch extends a run of product updates aimed at keeping retail and institutional clients on-platform, following moves such as raising ETH/USD margin leverage to 20x and a banking tie-up with SoFi. John Zettler, Kraken’s Director of Product for Earn and Trade, framed the shift as a response to demand for certainty: “Many Kraken clients holding cash or stablecoins want the same thing: a clear, fixed-rate yield on that cash.” By locking rates rather than letting them drift, the exchange is betting that predictable rewards will resonate with savers who want a steady return without the surprises of variable-yield products.

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A planned dollar stablecoin backed by 21 global financial institutions will begin with regulatory resources, corporate relationships, and international payment connections. Four industry executives told crypto.news, however, that institutional backing will not guarantee adoption unless the token can match the liquidity, accessibility and portability already offered by USDT and USDC.

Summary

The 21-member consortium plans to launch its dollar stablecoin during the first half of 2027. Experts said established banking relationships could help the token gain early institutional distribution. Interoperability, wallet support, and reliable redemption will determine whether it circulates beyond member banks. The consortium must identify who carries legal responsibility for reserves, redemptions, and transaction failures. USDT and USDC could lose market share even as bank-issued tokens expand the overall stablecoin market. The consortium committed to forming a new stablecoin company during the second half of 2026, subject to closing conditions. Its members include Bank of America, Citi, Goldman Sachs, Deutsche Bank, UBS, and other financial institutions across North America, Europe, Asia, Africa, and the Middle East.

The unnamed venture intends to launch a US dollar-denominated stablecoin during the first half of 2027. It may later introduce stablecoins tied to other G7 currencies, with a euro-denominated token listed as its first expansion priority.

The consortium has not disclosed the token’s name, supported blockchains, reserve custodian, governance model, or redemption process. Those details could determine whether the product becomes a widely used payment instrument or remains primarily a settlement token within the institutions’ existing networks.

21-bank stablecoin starts with a distribution advantage Utkarsh Ahuja, founder and managing partner at Moon Pursuit Capital, told crypto.news that the consortium starts with relationships that normally take new financial products years to develop.

The participating institutions already serve corporate treasury departments, process international payments, and operate compliance systems across several jurisdictions. According to Ahuja, those connections could make it easier to introduce the stablecoin into existing corporate workflows, particularly for cross-border settlement.

“The banks start with something that normally takes a financial product years to build: distribution into the companies that actually move very large amounts of money.”

Ahuja cautioned that established relationships do not provide the portability that USDT and USDC have built across exchanges, wallets, blockchains, and market makers. The consortium could bring corporate clients to the token, he said, but convincing those clients to use it outside the participating banks’ network will be more difficult.

Jerald David, CEO of Lynq Network, said the initiative has both offensive and defensive motives. It could open new blockchain payment revenue for the institutions while protecting payment activity and commercial balances from migrating to non-bank stablecoin issuers.

Stablecoin issuers can earn income from the assets held against circulating tokens, including short-term government debt. When deposits move from banks into stablecoins, part of the balance and its associated economics can move with them.

David said a shared token would allow the institutions to enter blockchain payments through a framework over which they retain greater control. However, he warned that scale alone would not make the proposed token more attractive than established alternatives.

USDT and USDC currently benefit from years of integration. A recent crypto.news analysis of stablecoin distribution placed the wider market at approximately $316 billion in mid-2026, with USDT accounting for about $187 billion and USDC representing roughly $75 billion.

Interoperability will decide whether the token circulates David described issuance as the easier part of the project. Businesses will also need reliable ways to move between the consortium’s stablecoin, existing stablecoins, tokenized deposits and conventional bank accounts.

“Interoperability will be more important than issuance,” David said.

“If capital can enter the token easily but cannot move out or across networks just as efficiently, the consortium risks creating another isolated pool of liquidity.”

Such interoperability would require dependable minting and redemption, custody arrangements, market makers, and settlement infrastructure connecting different forms of digital and conventional money. An institution receiving the new token must be able to redeem it for dollars or exchange it without facing long delays, high spreads, or limited trading depth.

Alvin Kan, chief operating officer of Bitget Wallet, told crypto.news that self-custodial wallets would examine the token’s entire user journey before supporting it. Relevant functions include holding, transferring, swapping, and spending the stablecoin.

Wallet providers would need audited smart contracts, transparent issuance and redemption processes, and consistent technical standards across every supported blockchain, according to Kan. They would also need to know whether tokens are issued natively on each network or transferred through bridges.

Kan said native mint-and-burn systems or coordinated cross-chain issuance would generally be preferable to wrapped assets because they could reduce bridge risks and prevent liquidity from being split among several representations of the same stablecoin.

Wallets could use intent-based routing and liquidity aggregation to shield users from some of that complexity. However, Kan said wallets cannot eliminate fragmentation without cooperation from issuers, banks, and liquidity providers.

“Ultimately, interoperability will matter more than how many bank tokens get issued. The winning infrastructure will make multiple tokens feel like one connected financial system.”

Gas abstraction could remove another obstacle. Users may be less willing to adopt a dollar stablecoin if they must first acquire a separate blockchain token to pay network fees whenever they transfer or spend it.

The same problem applies to identity verification. Kan said reusable credentials or privacy-preserving attestations could allow users to demonstrate that they have completed required checks without repeating the full process for every issuer. Different regulatory requirements would still apply across jurisdictions, meaning one universal identity credential is unlikely to resolve every compliance issue.

Bank backing does not guarantee stablecoin adoption Waseem Salim, CEO of Valdora, told crypto.news that an established issuer can provide initial trust, but utility determines whether people continue to hold and use a stablecoin.

Société Générale offers an example of the difference between institutional backing and circulation. Its digital asset subsidiary launched USD CoinVertible on Ethereum and Solana in 2025. Despite its connection to a major global bank, official SG-FORGE data showed approximately $12.55 million of the stablecoin in circulation as of Sept. 4.

“A strong name helps, but people won’t adopt a stablecoin just because there’s a bank behind it,” Salim said. “They need a reason to actually use and hold it.”

According to Salim, users will consider whether the token works with their existing wallets and preferred networks, whether sufficient liquidity is available, and how easily they can redeem it. They will also examine what they can do after acquiring it.

Possible advantages include cheaper cross-border settlement, direct integration with corporate bank accounts, and access to tokenized financial products. Those benefits would need to be substantial enough to compete with USDT and USDC integrations and the familiarity of conventional deposits.

Kan similarly described adoption as utility-driven. Institutional reputation could attract users who value regulated redemption and established banking relationships, but the token would need to work across payments, swaps, merchant transactions and local cash-out services.

The last step could prove decisive. A stablecoin may move between blockchains within seconds, but Kan said much of that advantage disappears if recipients face high costs when converting it into reais, rupees or pesos.

The World Bank’s latest remittance pricing data puts the average cost of sending money internationally at 6.36% of the transferred amount. Bank-backed stablecoins could compete in those corridors if they reduce the complete delivered cost, including foreign-exchange spreads, network fees, redemption charges and local payout expenses.

Domestic conditions will also affect adoption. Kan said stablecoins must offer more than fast local transfers in markets already served by systems such as India’s UPI, Brazil’s Pix and SEPA Instant in Europe. Their stronger use cases in those regions may involve international commerce, multi-currency access and digital-asset settlement.

Reserves, redemption and liability will test trust The consortium’s size creates another question: which entity will ultimately stand behind the token?

David said businesses should not have to determine which of the 21 participating institutions is responsible when a redemption fails. He called for one clearly identified legal issuer, segregated and independently verified reserves, and defined obligations for the issuer, participating institutions, and infrastructure providers.

“Shared distribution is an advantage. Shared liability is not,” David said.

The consortium has said it intends to comply with the US GENIUS Act and the EU’s Markets in Crypto-Assets framework where applicable. The GENIUS Act established requirements covering one-to-one reserves, disclosures, redemption, and permitted issuers, although US regulators were still completing implementation rules during 2026.

Kan said wallets would also require information about freezing powers, transfer restrictions, sanctions enforcement, and how compliance responsibilities are divided among the issuer, wallet, and fiat service providers. Such controls become more complex when tokens circulate across public blockchains and national borders.

Redemption risks could grow if the stablecoin becomes a gateway into tokenized investments. Salim warned that users must understand that yield does not appear merely because an asset is held onchain.

If returns come from business lending, government securities, or market strategies, platforms should identify the underlying source, asset manager, custodian, and counterparties. They should also explain how quickly the assets can be sold and what happens if a borrower defaults.

Salim said those arrangements differ from interest earned on a bank deposit because the legal relationship, custody model, liquidity, and protections may not be the same.

Platforms could also create a mismatch if users expect immediate stablecoin withdrawals while the underlying capital is invested in assets that trade during limited hours or take longer to sell. Salim said providers may need liquid reserves, staggered maturities, redemption windows, or withdrawal queues aligned with the underlying assets.

USDT and USDC may face competition as the market expands Ahuja expects a bank-issued dollar stablecoin to place more immediate pressure on USDC in institutional markets where Circle and major banks could compete for the same corporate balances.

If companies transfer balances into the new stablecoin, the reserves and income generated from those assets would move with them. However, Ahuja said USDT occupies a different position because much of its demand comes from markets where access to US banking services remains limited or inefficient.

The consortium’s Western banking relationships would not automatically replicate Tether’s reach in those regions. USDT is widely used on exchanges and in markets where people seek access to dollars outside conventional banking channels.

Competition may also enlarge the market rather than redistribute a fixed amount of stablecoin activity. Banks could bring corporate transactions onchain that currently do not use USDT, USDC, or any public blockchain.

Ahuja said Tether and Circle could therefore lose percentage share while their circulation and transaction volumes continue growing. He recommended examining the composition of stablecoin activity rather than relying solely on market-share figures.

The effects could extend beyond the issuers. A market containing bank stablecoins, tokenized deposits, USDT, USDC, and tokens tied to other currencies would increase demand for companies connecting those pools.

Ahuja identified liquidity providers, payment infrastructure, custody services, compliance tools, and blockchain networks as potential beneficiaries. Tokenized-asset platforms could also gain if regulated digital cash allows funds and securities to settle on the same infrastructure.

David said the consortium’s traction should ultimately be measured through active business users, recurring settlement, redemption performance during market stress, and acceptance outside the 21 participating institutions. Large transaction volumes alone could reflect a small group of members moving capital among themselves.

The consortium’s banking relationships could put its token in front of corporate users quickly. The four executives nevertheless agreed that liquidity, interoperability and external acceptance, not the number of institutions behind it, will determine whether the stablecoin becomes a genuine rival to USDT and USDC.

The stablecoin giant launches Arc mainnet on September 16 with BlackRock, DTCC, and Visa as validators, betting that owning the infrastructure matters more than owning the dollar.

Summary

Circle launches Arc, a USDC-native Layer 1 blockchain, on September 16, one day after the Senate votes on the CLARITY Act, the most consequential piece of crypto legislation since the GENIUS Act. Eleven founding validators include BlackRock, DTCC, Visa, Mastercard, ICE, Standard Chartered, and Galaxy, making Arc the most institutionally backed genesis cohort in blockchain history. The ARC token presale raised $222 million at a $3 billion fully diluted valuation, led by a16z crypto with participation from BlackRock, Apollo, and ARK Invest. DTCC will tokenize DTC-custodied assets on Arc starting in 2027, and BlackRock will deploy its $2.87 billion BUIDL fund natively on the network. Arc runs on Malachite, a Tendermint-derived BFT consensus engine delivering sub-500-millisecond finality, with an EVM-compatible execution layer built on Reth and gas fees denominated in USDC. The timing is either brilliant or reckless. Circle will flip the switch on Arc mainnet on September 16, 2026, exactly one day after the U.S. Senate holds a cloture vote on the CLARITY Act. If the bill clears its 60-vote threshold, Arc launches into a market with freshly codified stablecoin rules that Circle helped write. If the bill fails, Arc launches anyway, into regulatory ambiguity that could last years.

Either way, the stablecoin company that spent a decade convincing Wall Street to trust USDC is now asking that same Wall Street to run its blockchain nodes. And Wall Street said yes.

Circle CEO Jeremy Allaire called Arc “a bigger opportunity than USDC” during the company’s Q2 2026 earnings call, where he described it as “the birth of a new operating system layer for economic activity in the world.” That is not the language of a company hedging its bets. That is the language of a company that believes stablecoin issuance was just the opening act.

Why a stablecoin company needs its own chain The short answer: margins. Circle made $701 million in revenue last quarter, but most of that came from reserve income on the Treasury bills backing USDC. When interest rates drop, that revenue drops with it. A blockchain generates transaction fees regardless of the rate environment.

The longer answer involves a structural problem that has plagued USDC since its inception. Circle issues the dollar. Ethereum, Solana, Base, and a dozen other networks move it. Every time a USDC transaction settles on Ethereum, Circle captures zero value from that settlement. The gas fee goes to ETH stakers. The MEV goes to searchers. Circle gets nothing except the float on the underlying reserves.

JUST IN: Circle reports Q1 revenue and reserve income of $694m, USDC circulation at $77B, and $21.5T onchain transaction volume pic.twitter.com/2Z2z35ZfTy

— crypto.news (@cryptodotnews) May 12, 2026 Arc changes that equation. On Arc, USDC is the native gas token. Every transaction fee is denominated in dollars, not in a volatile network asset. And the ARC token, which Circle holds 25% of at genesis, accrues value through validator rewards and token burns. Circle is no longer just the issuer. It is the infrastructure.

This is the vertical integration play that crypto purists have been warning about for years. And it is happening.

The validator list that changed the conversation When Circle announced its founding validator cohort on August 5, the reaction split cleanly down ideological lines. Crypto-native builders saw a consortium chain dressed in decentralization language. Traditional finance executives saw the most credible launch network since Visa joined Solana.

The eleven founding validators: BlackRock, DTCC, Galaxy, Global Payments, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, and Visa.

Read that list again. DTCC clears and settles the vast majority of U.S. securities transactions. ICE owns the New York Stock Exchange. BlackRock manages over $11 trillion in assets. These are not speculative crypto funds looking for yield. These are the institutions that already run the traditional financial system, and they are now running nodes on a blockchain built by a stablecoin company.

The DTCC partnership alone deserves its own paragraph. Starting in the second half of 2027, DTCC will tokenize DTC-custodied assets on Arc, covering tokenized repo, collateral mobility, and corporate actions. Those tokenized assets will carry the same protections, rights, and safeguards that investors receive with traditionally held securities. This is not a pilot. This is DTCC committing its roadmap to a specific chain.

BlackRock plans to deploy its BUIDL fund on Arc, the tokenized Treasury product that has already crossed $2.87 billion in assets. Institutional investors will be able to subscribe, redeem, and deploy fund assets within a single on-chain environment using native USDC. No bridging. No wrapped tokens. No off-ramp friction.

Inside the machine: how Arc actually works Arc is not a rebadged Ethereum fork. It borrows from Ethereum where borrowing makes sense, and it diverges where Circle decided institutions need something different.

The consensus layer runs Malachite, built by the team that joined Circle from Informal Systems. Informal was the company behind much of the original Tendermint and IBC work in the Cosmos ecosystem, which means Arc’s consensus engine carries serious BFT pedigree. Malachite delivers deterministic finality in under 500 milliseconds. That is not probabilistic finality like Ethereum. A transaction on Arc is final when the block closes. Period.

The execution layer is built on Reth, the Rust-based Ethereum client. This gives developers a familiar EVM-compatible environment. Solidity, Foundry, Hardhat, and existing Ethereum tooling all work on Arc out of the box. Developers can port contracts without rewriting them.

The fee model takes EIP-1559 as a starting point but replaces block-level fee adjustments with a weighted moving average of network demand. The result is fees that stay low and predictable in dollar terms, because they are literally denominated in dollars. No more guessing whether a transaction will cost $0.50 or $50 based on network congestion.

Arc also ships with a privacy layer that can hide transfer amounts when needed, a feature aimed squarely at institutional users who cannot broadcast their trading activity on a public ledger.

During Q2 2026, Circle reported that the Arc testnet had processed more than half a billion transactions across nearly 3 million wallets. The private mainnet is already running with over 100 institutional and ecosystem participants.

The $3 billion bet and the token question In May, Circle closed a $222 million presale for the ARC token at a $3 billion fully diluted valuation. The round placed 740 million tokens at $0.30 each, roughly 7.4% of the 10 billion initial supply.

The investor list reads like a who’s who of institutional crypto capital: a16z crypto led the round, with BlackRock, Apollo Funds, ARK Invest, General Catalyst, Haun Ventures, Intercontinental Exchange, IDG Capital, Janus Henderson, Marshall Wace, SBI Group, and Standard Chartered Ventures all participating.

Token allocation breaks into three buckets. About 60% goes to the ecosystem for developers, grants, and network growth. Circle retains 25% for development, staking, and governance. The remaining 15% sits in a long-term reserve for market stability.

The dual-token model is the part that makes some observers uncomfortable. USDC handles gas fees and settlement. ARC handles staking, governance, and validator rewards. Circle earns revenue from both sides of that equation. It collects float on USDC reserves. It earns staking income and fee revenue from its 25% ARC stake. It charges for enterprise integrations. The revenue guidance jump tells the story: Circle doubled its “other revenue” forecast to $310 million to $330 million for full-year 2026, up from $150 million to $170 million, largely on the strength of Arc token presale proceeds and anticipated network fees.

CRCL stock responded by rallying past $72, though it remains roughly 10% below its 2026 high. The market is pricing in potential, not certainty.

The CLARITY Act factor The September 15 cloture vote on the CLARITY Act is not a coincidence that Circle is ignoring. The bill, which passed the House in July 2025 and cleared the Senate Banking Committee 15-9 in May 2026, represents the most comprehensive attempt to regulate digital assets in U.S. history.

For Circle specifically, the CLARITY Act matters because it preserves the GENIUS Act framework that treats USDC as a regulated payment stablecoin. The bill text prohibits interest or yield on idle stablecoin balances while permitting activity-based rewards, a distinction that shapes how Arc’s fee model can operate.

If the CLARITY Act passes, Arc launches into a market where the rules are written and Circle’s compliance-first approach becomes a competitive moat. Every competitor that cut corners on regulation suddenly faces a choice: comply or lose institutional clients.

If the bill fails to reach 60 votes, the regulatory picture stays murky through at least 2027. Three fights remain unresolved: who enforces ethics rules tied to political officials with crypto interests, whether stablecoin rewards survive in their current form, and how far developer protections extend.

Circle has positioned Arc to work in either scenario. The validator cohort is designed to satisfy regulators before regulators even ask. A chain validated by DTCC, BlackRock, and Visa is a chain that any compliance department can approve without losing sleep.

Walled garden or open infrastructure Here is the tension that will define Arc’s legacy, and possibly the next decade of crypto.

Critics like Adam Cochran call Arc a “consortium chain,” not a true blockchain. The validators are permissioned, chosen by Circle. In theory, they could reverse transactions. The governance model prioritizes institutional trust over censorship resistance. By every metric that matters to crypto’s original cypherpunk vision, Arc is a step backward.

JUST IN: Chris Dixon says stablecoins now rival major payment networks like Visa with $300 billion issued, calling regulation of the remaining 90% of crypto the next big unlock for builders pic.twitter.com/7nKk4gxtcW

— crypto.news (@cryptodotnews) May 6, 2026 Circle’s response is that this is precisely what institutions need. Known, vetted validators. Governance-based reversibility as a compliance feature. Dollar-denominated fees that CFOs can budget for. Privacy controls that satisfy trading desks. These are not bugs. These are the requirements that kept Wall Street off public blockchains for the past decade.

The deeper question is whether this model can coexist with permissionless networks or whether it inevitably replaces them. If DTCC settles securities on Arc and BlackRock deploys BUIDL there, does institutional money ever need to touch Ethereum again? And if it does not, what happens to the economic security model of chains that depend on institutional activity to justify their gas fees?

Tether is asking the same question from a different angle. It launched StableChain in December 2025, another stablecoin-native settlement network, though with less institutional firepower behind it. The stablecoin distribution war is no longer about which dollar token wins. It is about which dollar token owns the rails.

There is a plausible future where every major stablecoin issuer runs its own chain, each optimized for its own regulatory jurisdiction and institutional relationships. USDC on Arc for U.S. institutional settlement. USDT on StableChain for emerging market payments. Regional stablecoins on their own purpose-built networks. Ethereum and Solana become the interoperability layers between these walled gardens, not the primary settlement layers themselves.

That future would represent a profound shift from the permissionless vision that built this industry. It would also represent the most practical path to trillions of dollars in on-chain settlement volume.

What the stock market is pricing versus what the chain market needs Circle went public as CRCL and trades near $72 as of early September. The stock is up from its post-IPO lows but still roughly 10% off its 2026 high. Wall Street analysts are split on whether Arc is a growth catalyst or a capital sinkhole.

The bull case is straightforward. Circle generated $701 million in Q2 revenue with $143 million in adjusted EBITDA at a 50% margin. USDC circulation hit $73.3 billion, up 19% year over year. On-chain USDC transaction volume reached $14.8 trillion in Q2, a 151% increase from the same period in 2025. If Arc captures even a fraction of that settlement volume with its own fee structure, the revenue upside is enormous.

The bear case is equally clear. Building and maintaining a Layer 1 blockchain is expensive. The $222 million token presale helps, but network effects are not guaranteed. Ethereum has a seven-year head start in developer tooling and DeFi composability. Solana has spent years building institutional relationships of its own. And the permissioned validator model could alienate the DeFi developers who drive the organic activity that makes any blockchain ecosystem sticky.

There is also the question of whether a publicly traded company should be running a blockchain at all. Every node operator decision, every governance vote, every token burn becomes a material event that requires SEC disclosure. The regulatory overhead of running a blockchain as a public company is unprecedented, because no public company has tried it at this scale before.

What to watch CLARITY Act cloture vote on September 15: If the Senate reaches 60 votes, Arc launches into the clearest regulatory environment any blockchain has ever had. If it fails, watch for Circle to accelerate international validator recruitment as a hedge.

Arc mainnet transaction volume in the first 30 days: The testnet processed over 500 million transactions. Mainnet needs to show organic demand beyond validator testing to justify the $3 billion valuation.

DTCC tokenization timeline: The 2027 target for DTC-custodied asset tokenization is the single most important milestone for Arc’s institutional thesis. Any acceleration or delay will move CRCL stock.

BUIDL deployment on Arc: BlackRock bringing its $2.87 billion tokenized Treasury fund to Arc would represent the largest single asset deployment on a new chain since Ethereum launched.

Ethereum’s response: If Ethereum core developers or the Ethereum Foundation announce institutional settlement features in response to Arc, it signals that the competitive threat is real. Silence would be more telling.

What is Circle Arc? Arc is a Layer 1 blockchain built by Circle, the company behind USDC. It uses USDC as its native gas token, runs on a Tendermint-derived consensus engine called Malachite, and is designed for institutional settlement and stablecoin finance. Public mainnet launches September 16, 2026.

Who are the Arc validators? Eleven founding validators will run the network at launch: BlackRock, DTCC, Galaxy, Global Payments, ICE (parent of the NYSE), Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, and Visa. These are permissioned validators chosen by Circle, not open to anyone.

What is the ARC token and how does it work? ARC is the network’s staking and governance token, separate from USDC which handles gas fees. Total initial supply is 10 billion tokens. Circle holds 25%, 60% goes to ecosystem development, and 15% sits in a long-term reserve. The presale priced ARC at $0.30, valuing the network at $3 billion.

How fast is the Arc blockchain? Arc delivers deterministic finality in under 500 milliseconds, meaning transactions are fully confirmed when the block closes. This is faster than Ethereum’s probabilistic finality and competitive with Solana’s speed, though Arc prioritizes settlement certainty over raw throughput.

Is Arc decentralized? That depends on your definition. Arc launches with permissioned validators, all chosen by Circle. The roadmap calls for a shift from proof-of-authority to proof-of-stake over time, which would open validator participation. Critics call it a consortium chain. Circle calls it the compliance model institutions require.

How does the CLARITY Act affect Arc? The CLARITY Act cloture vote happens on September 15, one day before Arc mainnet. If the bill passes, it codifies the GENIUS Act’s stablecoin framework and creates clear rules for digital asset classification. Circle has built Arc to be compliant under either outcome, but passage would give USDC and Arc a regulatory advantage over less compliant competitors.

Can developers build on Arc using Ethereum tools? Yes. Arc’s execution layer is built on Reth and is fully EVM-compatible. Solidity smart contracts, Foundry, Hardhat, and other Ethereum development tools work on Arc without modification. Developers can port existing Ethereum contracts directly.

How does Arc compete with Ethereum and Solana? Arc is not trying to replace Ethereum or Solana as general-purpose platforms. It targets a specific niche: institutional stablecoin settlement. Its advantages in that niche are dollar-denominated fees, sub-second finality, regulatory-compliant validators, and native USDC integration. Its disadvantage is a much smaller developer ecosystem and no existing DeFi composability.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments carry significant risks. Always conduct your own research before making investment decisions. Published Sept. 4, 2026.

Binance将于今晚21:00上线MarsCoin（MARSCOIN）现货交易

5 hours ago

According to an official announcement, Binance will list MarsCoin (MARSCOIN) and launch spot trading pairs for MARSCOIN/USDT, MARSCOIN/USDC, and MARSCOIN/TRY at 21:00 (GMT+8) on September 4, 2026. MARSCOIN will carry a "seed" tag, which notes that tokens with this tag may have higher volatility and greater risks compared to other listed tokens.

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An attacker drained roughly $1.73 million from Notional Finance’s legacy escrow contract early Friday, exploiting a coding flaw that made an enormous fabricated debt register as zero.

The stolen DAI and USDC became about 689 ether (ETH). The funds then went through Tornado Cash, a service that breaks the trail between wallets. Notional has said nothing publicly.

How the Notional Finance Exploit WorkedNotional Finance is a fixed-rate lending protocol on Ethereum. Its first version recorded future cash obligations as tokens called fCash. The system screened borrowers for collateral before letting them add debt.

That screening converted debt into ether terms through a raw uint128 conversion. Two mints summed to exactly two raised to the power of 128. That is the single value the conversion flattens to zero, QuillAudits found.

A checked conversion would have rejected the figure instead of quietly dropping its digits. Notional used the safer method elsewhere in the same file, according to the write-up.

The account then read as debt free. Etherscan records show the setup landed at 11:58 p.m. UTC Thursday and the withdrawal three minutes later.

That second transaction moved 69,257 DAI and 1,658,524 USDC out of the escrow. The attacker also tipped block builder Titan 0.07 ETH to route the trade privately.

Security firm PeckShield relayed a warning from on-chain monitor Specter. The escrow now holds about $60,600 in leftover tokens.

#PeckShieldAlert Specter has reported that the Notional Finance escrow contract may have been exploited, resulting in $1.7M in ethereum:0x6b175474e89094c44da98b954eedeac495271d0f and $USDC lost.
The exploiter has swapped the stolen funds into 689.2 $ETH and deposited them into… pic.twitter.com/Wd5Dc3MWtL

— PeckShieldAlert (@PeckShieldAlert) September 4, 2026 Dormant V1 Contracts Still Held Real MoneyNotional wound down its third version after the November 2025 Balancer exploit cascaded into its vaults. The V1 contracts stayed live and funded, and nobody swept them.

Independently audited protocols still account for most crypto hack losses, so an old review offered no cover here. June brought a close parallel, when an attacker drained legacy Solana pools at Raydium.

Notional’s NOTE token trades near $0.0065, up 3.5% over 24 hours, on a market value close to $400,700.

Notional Finance (NOTE) Price Performance. Source: BeInCryptoNotional had issued no statement, loss figure, or post-mortem at publication. Whether the drained cash belonged to users, the treasury, or a third party remains unconfirmed.