The share of stablecoins in the crypto market remains high even during periods of Bitcoin growth. Traders are increasingly taking profits and choosing not to re-enter risk assets. Just a few years ago, stablecoins were primarily used as temporary instruments. Funds were converted into USDT or USDC before trades and then quickly moved back into the market.

HYPE surged to a yearly high of $46.93, jumping 17% within 24 hours after news emerged that Coinbase would use $HYPE to activate AQAv2.

Stablecoin issuers Tether ($USDT) and Circle ($USDC) have unblocked 498 wallet addresses holding more than $75 million in assets. According to USDTBanList, this marks the largest wave of stablecoin unfreezing activity since the beginning of 2026.

Coinbase, the largest cryptocurrency exchange in the United States, has become the official issuer of $USDC treasury assets on the Hyperliquid platform and has acquired assets associated with the $USDH brand. At the same time, Hyperliquid is discontinuing support for its native stablecoin $USDH and appointing Coinbase as the official distributor of $USDC treasury reserves.

Circle reported higher revenue and reserve income in the first quarter amid a sharp increase in $USDC activity across its network. Total revenue and reserve income reached $694 million, up 20% year-over-year, while on-chain $USDC transaction volume surged 263% to $21.5 trillion.

Jeremy Allaire, CEO and co-founder of Circle Internet Group (the issuer of the world’s second-largest stablecoin, USDC), has highlighted “massive opportunities” for creating a stablecoin backed by the Chinese yuan. In his view, digital money is becoming a key tool for integrating national currencies into the global trade and financial system, Reuters reports.

Stablecoin issuer Circle has drawn attention with a large-scale crypto issuance operation on the Solana network. According to available data, the company minted approximately 3.25 billion USD Coin ($USDC) over the past seven days, reaching its highest weekly issuance level in 2026.

Circle, the company behind $USDC, has unveiled its "wrapped" version of the first cryptocurrency — cirBTC.

Shares of Circle Internet Group (CRCL), the issuer of the USDC stablecoin, fell by around 20% on March 24, 2026 — dropping from about $126 at the previous close to the $98–102 range during the trading session. The decline coincided with news of a legislative compromise on stablecoins in the U.S. Congress — and the market reacted to this factor almost immediately.

Circle’s $USDC share of stablecoin transaction volume rose to 71% in February, while Tether’s $USDT share fell to 28%, according to data from Visa’s analytics dashboard. In January, the ratio was also in favor of $USDC: 54% versus 45%. In March, the ratio is returning to January levels.

The market capitalization of the stablecoin USDC ($USDC) has approached $80 billion amid strong demand in the Middle East. Some analysts link the sharp increase to capital outflows from the United Arab Emirates.

The issuer of Tether (USDT), the company Tether, freezes stablecoins far more often than Circle, the firm that issues USD Coin (USDC).

Visa Inc has taken another step in promoting stablecoins by launching USDC settlements in the United States. This means that U.S. issuers and acquiring partners can now settle transactions with Visa in USDC issued by Circle, a dollar-pegged stablecoin.

According to JPMorgan analysts, the Circle USDC stablecoin is growing faster than Tether’s USDT in both on-chain activity and market capitalization, driven by clearer regulatory frameworks and increasing institutional adoption.

Coinbase is making a major leap in USDC adoption on Solana, establishing it as the standard stablecoin across all major Squads products, boosting next-generation finance built on decentralized technologies.

A coalition of leading banks and financial firms has successfully executed the first on-chain transaction for financing U.S. Treasury bonds using the Canton Network blockchain platform. Key participants included Bank of America, Citadel Securities, Societe Generale, DTCC, and Tradeweb.