Whale 0x218A Deposits $4.8M USDC to Hyperliquid Amid $6.37M Unrealized Losses on Leveraged Crypto Shorts

Whale "0x96d" Purchases 145,741 HYPE Tokens Worth $4M USDC

Gate News bot message, in the past 24 hours, a whale identified as "0x96d" has spent $4M USDC to buy 145,741 HYPE at $27.45, and is currently having a floating profit of over $500K.

PengoPay Expands Stablecoin Payments With $USDT and $USDC

PengoPay is a multi-chain stablecoin payment platform supporting Ethereum and Solana, facilitating secure transactions with Tether and USDC. It aims to enhance global transaction security and expand to more blockchains, minimizing hacking risks while meeting user needs.

Cardano Launches USDCx Stablecoin Backed by Circle’s USDC

Cardano introduced its new stablecoin, USDCx, backed by Circle’s USDC. The new stablecoin will help expand DeFi and improve interoperability across the blockchain network. The announcement follows Cardano’s introduction of its new stablecoin, USDCx, which Circle backs 1:1 with its widely used USD

Circle Earnings Surge as Allaire Ties AI to Stablecoins

Circle's CEO Jeremy Allaire emphasized the integration of AI, blockchain, and stablecoins in transforming economic activity. The company reported strong Q4 earnings, with revenue of $770M, a 72% rise in USDC supply, and a significant stock price increase post-announcement.

Don't worry, the public chains of USDC and USDT won't shake Ethereum.

The article discusses whether stablecoin issuers like Circle and Tether building their own public chains could impact Ethereum's future. The conclusion is that Ethereum will not be "cooling off" because of this; instead, it will benefit from the multi-chain issuance of stablecoins and a good balance of fees and speed. Despite competition, Ethereum still dominates the stablecoin market and maintains strong network effects and a robust developer ecosystem.