USDC’s 72% surge exposed the expensive truth behind Circle’s stablecoin dominance
Circle incurred $1.4 billion in distribution costs connected to Coinbase in 2025, up from $924.5 million the year before, according to the company's own 10-K filing. Those distribution costs equaled roughly 51% of its total 2025 revenue and reserve income. USDC circulation grew 72% year over year to $75.3 billion in the fourth quarter, and […] The post USDC’...
Coins in this story
Related stories
Near $65K, Bitcoin’s 2 year social media drop off is hiding a $4.3 billion whale exit and a new class of buyers
Crypto discussion across X, Reddit, Telegram, and other major social channels has fallen to its second-lowest daily level since October 2024, according to Santiment. Bitcoin holds near $64,609 through that same stretch, with an intraday high of $64,832 and a low of $61,823 in recent sessions. That combination usually reads as a setup in which […] The post Ne...
Czech Republic tells ISPs to block Polymarket after gambling blacklisting
The Czech Finance Ministry added Polymarket to its blacklist of unauthorized online gambling websites, requiring internet providers to block access within 15 days....
US turns stablecoin issuer Tether into a financial weapon against Iran, freezing nearly $500 million
US authorities have used Tether's control over its dollar-linked stablecoin to freeze about $475 million connected to Iran in less than three months, extending Washington's sanctions reach beyond the traditional banking system. On July 14, the US government sanctioned four wallets on the Tron blockchain holding roughly $131 million in USDT. These addresses a...