News linked to both this project and an event.
Circle CEO Jeremy Allaire stated that over 1% of CRCL's shares are held as tokenized stocks, with a value exceeding $280 million, surpassing any other publicly traded company globally. He also posed the question of "what year will the tipping point occur?", implying that the scale of tokenized stock holdings could continue to expand in the future.
Odaily News: Circle CEO Jeremy Allaire posted on X: "Over 1% of CRCL shares are held in tokenized stock form, corresponding to a scale of over $280 million, the highest among all publicly listed companies globally. In which year will the 'flip' (Odaily Note: hinting at tokenized stock share surpassing traditional securities share) arrive?"Previously, AMC CEO and Robinhood CEO clashed over the form, legitimacy, and legality of stock tokenization. Circle CEO's move may subtly signal his stance in favor of stock tokenization reform.
According to information provided, the PolyFlow App supports assets such as USD, USDT, and USDC, with stablecoin deposits and withdrawals covering multiple networks including BSC, Ethereum, Tron, and Solana; users can perform in-platform transfers via their PolyFlow UID or registered phone number. Additionally, the PolyFlow Card has been integrated into the app for global spending scenarios supported by the Visa network.
Odaily News Uniswap founder Hayden said on X that correlated trading pairs are emerging. The top five tokenized SPY trading pairs by volume are "bridge" pairs connecting other common base pairs, which then primarily link to highly correlated tokenized stocks. These markets are global, programmable, low-cost, and operate 24/7.Uniswap founder Hayden said on X:.I've been working at the frontier of DeFi for 9 years. It's a fascinating field with infinite depth and the potential to transform capital markets.I've always believed AMMs hold immense potential, but for the past decade, one question has persisted: Can this novel market structure truly become the core engine for all financial markets?After years of evolution and development, the path for AMMs to achieve global dominance is becoming increasingly clear. To explain this, we need to start in 1976.Tokenization Changes Market Makers.Index funds celebrated their 50th anniversary this month. When Jack Bogle launched the index fund in 1976, he hoped to raise $150 million but ultimately raised only $11.3 million. Competitors called it "Bogle's Folly," posting posters claiming index funds were un-American. They argued that a fund making no decisions couldn't possibly beat professionals paid to make decisions. Today, the majority of US fund assets are allocated to passive investment vehicles.I've been thinking about this recently because tokenization's "folly moment" is ending. The SEC has approved NASDAQ and the NYSE to trade tokenized stocks. DTCC, which handles virtually all US securities settlement, also conducted a live pilot of tokenized trades in July. Nearly all related activity is described the same way: treating tokenization as an infrastructure upgrade.The same markets, faster, cheaper, and always open. These statements are all true, but I believe the infrastructure upgrade framework obscures a larger change. Tokenization makes markets programmable, changing how markets exist, who makes markets, and what is traded.In 2018, I created Uniswap, an automated market maker protocol. Anyone can deposit two assets into a shared liquidity pool and earn fees from every trade, while prices adjust along a curve as users buy and sell. Uniswap has operated autonomously since its launch, processing over $4.6 trillion in cumulative volume and increasing DEX spot volume share from under 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern most financial markets haven't noticed yet: correlated trading pairs.The Easiest Place to Find Success.To succeed everywhere, you must first succeed somewhere. AMMs found product-market fit in long-tail markets because most assets previously couldn't attract professional market makers' attention. On Uniswap, anyone can create a market with a single transaction, and issuers and early supporters can become the first liquidity providers.Then came stablecoin pairs. Take USDC/USDT, for example. A good passive strategy can approach optimal l
Odaily News, September 3: Circle and decentralized perpetual futures trading platform edgeX jointly announced that, ahead of the Arc mainnet launch on September 16, edgeX will serve as Arc's flagship perp venue, offering 24/7 FX trading from day one of the mainnet. The two parties will work together to advance the development of on-chain FX and global asset trading markets on Arc.On the first day of the mainnet launch, edgeX will be the first to offer USD/JPY perpetual contracts with 24/7 trading, alongside more than 150 perpetual contract markets covering U.S. equities, commodities, and crypto assets. All markets will use Arc's native USDC as margin and settlement assets.Arc is Circle's Layer 1 blockchain built for stablecoin finance, specifically designed for stablecoin-based financial applications, featuring a built-in FX engine (StableFX), an institutional-grade RFQ quoting system, and 24/7 on-chain PvP (payment-versus-payment) settlement, with USDC serving as the native gas token.edgeX, backed by Circle Ventures, will exclusively launch FX perpetual markets for the Arc Chain. edgeX is one of the world's leading centralized perpetual futures exchanges by trading volume, having recorded over $900 billion in cumulative trading volume since its inception. Users can trade perpetual contracts on U.S. equities, commodities, FX, and crypto assets around the clock. Previously, the Circle and edgeX teams have collaborated on native USDC issuance and CCTP integration on the EDGE Chain.
Odaily News - Users can now send supported tokens from networks such as Ethereum, Base, Arbitrum, and Sui directly to Jupiter without using bridge tools, and receive USDC directly in their Solana wallet. This feature integrates routing, cross-chain bridging, and swap processes, eliminating the need for users to switch networks or execute additional transactions. The service currently adopts a unified fixed fee structure, charging $0.30 per transaction—whether the transfer amount is $100 or $10 million, the fee remains the same.
According to Circle's official blog, Circle's cross-chain infrastructure CCTP has officially expanded support for native cross-chain transfers of the euro stablecoin EURC. EURC operates on the same "burn-and-mint" model as USDC, with initial cross-chain settlement support between Ethereum and Base. Developers can transfer both USDC and EURC via a single unified interface without connecting to multiple bridge providers, effectively reducing integration complexity and enhancing liquidity efficiency. EURC is issued by a regulated affiliate of Circle, while CCTP does not hold or manage user assets.
According to Binance's official announcement, Binance officially launched Stock Options trading services on September 1, 2026, supporting physically settled option contracts for US-listed stocks and ETFs. Users can trade call (Call) or put (Put) options through a single Binance account, with maximum losses limited to the option premiums paid. This product is provided through a partnership between introducing broker Nest Trading Limited (NTL) and US clearing broker Alpaca Securities LLC, with the underlying assets held in custody by Alpaca. Supported funding currencies include USDC, USDT, USD1, U, and BNB, and trading hours follow standard US market trading sessions (Eastern Time 9:30 AM - 4:00 PM).
As reported by Caixin, Han Xinyi, CEO of Ant Group and Chairman of Alipay, presented systematic insights on the global exploration paths for AI payments at the China Payment Clearing Forum. He stated that AI payments have basically coalesced into four exploration paths: The first category comprises payment technology and infrastructure platforms represented by Stripe. The second category consists of cryptocurrency enterprises such as Circle and Coinbase, which primarily rely on stablecoins and their wallet ecosystems. Using cryptocurrencies as payment instruments, they directly enable automated machine-to-machine payment scenarios. The third category features traditional payment networks represented by the two major card organizations (Visa and Mastercard). The fourth category comprises AI platform companies such as Google and OpenAI.
Circle announced that USDC, EURC, the Cross-Chain Transfer Protocol (CCTP), and Bridge Kit are now live on Plasma. Payment service providers, fintech companies, digital banks, and developers on Plasma can use regulated US dollar and Euro stablecoins to support scenarios including payments, cross-border remittances, multi-currency foreign exchange, on-chain transactions, lending, liquidity provision, treasury management, corporate payments, and global settlement.
Odaily News, Avici announced that its card partner Rain discovered today a vulnerability in an old Solana card contract used by Avici and a few other projects. The relevant contract has now been upgraded across all projects, and no further unauthorized activity has been detected. This incident only affected the standalone Solana contract used to hold post-deposit card balances; users' Avici wallets and card balances are isolated from each other, and funds in Solana and EVM self-custody wallets are safe and unaffected. Upon review, a total of 1,685 users were affected, with combined card balances of approximately $500,900. Avici has committed to fully refunding card balances to all affected users and has filed a report with the FBI's Internet Crime Complaint Center (IC3). Previously reported, Avici, a crypto banking project, saw its native token AVICI allegedly suffer a hacker attack, with losses of approximately $1.02 million. The attacker transferred 10,000 SOL stolen from the project to another wallet, converted it into approximately $1.02 million USDC, and then swapped the funds into approximately 418 ETH via cross-chain operations.
According to The Defiant, Aave V4 user deposits reached a new high of $806 million, with a 30% increase over the past seven days. Of these, the Ethereum Core market holds $378 million in deposits, EtherFi Cash (deployed on Optimism) ranks second with $257 million, while Ethereum Global Dollar and Ethereum Prime contributed $75 million and $63 million respectively. The primary deposit assets are weETH ($97 million), USDG ($90 million), and WETH/USDC ($81 million each). V4's current active loan volume stands at $216 million, including $62 million in loans from the EtherFi market, with the utilization rate for borrowing WETH against weETH collateral reaching as high as 92%. In comparison, Aave V3's deposit scale remains at $31 billion, far exceeding V4.
Odaily News, Coinbase stated on the X platform that the financial layer emerging around AI agents is called agentic finance, namely AiFi, covering agent transactions and agent commerce. AI agents can research information, make decisions, and execute actions on behalf of individuals and businesses, while also needing to perform fundamental financial activities such as making payments, receiving funds, storing value, and transferring money. Coinbase stated that it is building tools for AI agents to enable them to continuously execute financial operations within preset goals, permissions, limits, and security boundaries.Coinbase stated that Coinbase Advisor, Coinbase for Agents, x402, and Coinbase Business have formed the AiFi infrastructure. Coinbase Advisor is an SEC-registered investment advisor integrated into the app for Coinbase One users, providing portfolio analysis and guidance through a chat interface. Coinbase for Agents connects tools such as Claude, ChatGPT, and Cursor to Coinbase accounts via MCP, allowing users to set operating conditions and security boundaries for agents, as well as create separate sandbox accounts for agent use.Coinbase stated that x402 is an open payment standard initiated by Coinbase and now managed by an independent foundation, supporting AI agents in paying fees to other agents, applications, and services. To date, x402 has processed over 205 million transactions with a volume of $53 million, covering 200,000 sellers, with Coinbase facilitating 67% of this activity. Individual payments can be used for API calls, datasets, research materials, or computing resources.Coinbase stated that Coinbase Business supports enterprises in natively receiving USDC payments from AI agents, while Coinbiz helps merchants sell services and content to software without relying on card credentials, manual invoicing, or payment processes designed around human customers. Eligible businesses can earn a floating 3.35% reward on idle USDC balances. USDC currently accounts for 99% of on-chain agent commerce transactions, x402 accounts for 97% of agent finance protocol usage, and the related activities run on Base.
Odaily News: Uniswap founder Hayden said in a post on X that he cannot ignore the theory of correlation trading pairs when observing various things, and noticed that the second-largest Uniswap pool on Base is the Jito staked SOL/BTC trading pair, which aligns with the logic of correlation trading pairs.In an article titled "Correlation Trading Pairs: How AMMs Win the Biggest Markets," Hayden stated that AMMs have the potential to become the core engine of all financial markets, and tokenization will make markets programmable, changing market types, market makers, and the assets being traded.He said Uniswap has been operating autonomously since its launch in 2018, with cumulative trading volume exceeding $4.6 trillion, and has helped increase the proportion of decentralized exchanges relative to centralized spot trading volume from less than 1% to over 20%. As AMMs have developed, their liquidity has gradually formed a structure of correlation trading pairs.He pointed out that AMMs initially achieved product-market fit in the long-tail asset market, and then stablecoin trading pairs developed. Due to the lower capital costs of passive strategies, the demand for professional market making in stablecoin trading pairs has been squeezed.Hayden said traditional financial markets are dominated by market-making firms that integrate capital, trading strategies, execution technology, settlement, and distribution into a single vertical business. Citadel Securities handles approximately 25% of US stock trading volume, with net trading revenue reaching $12.2 billion last year and trading capital of approximately $21 billion.He believes blockchain can unbundle the different components of traditional market-making businesses: code handles execution, shared services provide custody and settlement, and open-source software replaces proprietary infrastructure. The scarce factor of capital in AMMs is capital itself, and participants who can hold inventory at lower costs gain an advantage.Hayden said liquidity providers face lower inventory risk when holding assets with similar price movements, and liquidity will deepen as a result. Ethereum ecosystem assets typically trade against ETH, Solana ecosystem assets typically trade against SOL, stablecoins trade in pairs with each other, and a few high-liquidity trading pairs are responsible for connecting different asset clusters.He noted that once tokenized assets share the same settlement layer, any asset can trade directly against any other asset. For example, NVIDIA/USD can become NVIDIA/SPY and connect to the dollar through SPY/USD; oil companies can trade against oil ETFs or tokenized oil, and private credit can trade against tokenized US Treasury funds.Hayden said traditional market makers typically pursue delta neutrality, reducing risk by denominating in USD and hedging non-USD exposure, which increases market-making costs. A market structure consisting of low-volatility correlation trading pairs and a few high-
According to Yonhap News Agency, South Korean crypto asset custodian BDACS will partner with Devall Company, the operator of the accounts receivable management service "Cheonggus," to build a stablecoin-based B2B cross-border payment and settlement infrastructure. The initiative will enable exporting companies to send invoices through Cheonggus, allowing overseas buyers to settle using stablecoins such as USDT and USDC. BDACS will subsequently handle asset custody and convert the funds into Korean won for settlement. Both parties also plan to explore integrating payment and settlement data into enterprise ERP systems to automate accounting processes.
Pump.fun announced that its application now supports HyperEVM, enabling users to trade any HyperEVM token using USDC while earning referral rewards and enjoying a near-zero fee trading experience. Pump.fun stated that it is the first application to bring HyperEVM into this trading scenario.
Odaily News: Coinbase Chief Policy Officer Faryar Shirzad has written an article rebutting the American Bankers Association's concerns about stablecoin rewards, stating that existing data does not support the claim that stablecoin platforms paying rewards will lead to deposit outflows from community banks and weaken local credit. Current law already permits such rewards, and Coinbase has been paying rewards to USDC users for over four years. Faryar Shirzad noted that from June 2019 to March 2026, community bank deposits grew by 26%, an increase of approximately $482 billion; research by Charles River Associates and the Council of Economic Advisers similarly found no significant relationship between stablecoins and bank deposits. The modification the American Bankers Association is requesting does not concern technical details in the CLARITY Act. The current text prohibits users from receiving returns solely for holding idle funds, but allows rewards for genuine activity; the amendment proposed by the American Bankers Association could expand restrictions to ordinary stablecoin use cases, and leave questions such as whether merchant rebates constitute bank interest to be decided by regulators and litigation. Faryar Shirzad calls for maintaining the existing compromise and passing the CLARITY Act, stating that the bill would grant banks new authorities in custody, staking, lending, payments, clearing, and market making.
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
Odaily Block News: The first proceeds from Hyperliquid's AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on October 3. The market anticipates the initial fund size could reach approximately $20 million, which will be used to repurchase HYPE. AQAv2, or Aligned Quote Asset v2, is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to qualify for "Aligned" status. According to public information, AQAv2 returns the majority of stablecoin yields to the Hyperliquid ecosystem, with 90% of the proceeds allocated to the relevant mechanism and subsequently used entirely for repurchasing and burning HYPE tokens. Coinbase has been designated as the fund deployment party, with Circle responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. Analysts estimate that this mechanism could add approximately $135 million to $160 million in annual HYPE buyback pressure.