USDC (USDC)

whales coming to buy our bags

🚨CIRCLE BANNED TETHER-BACKED FUND OVER MARKET MANIPULATION CONCERNS New court filings reveal that Circle blocked crypto fund Heka in late 2023 after suspecting it was exploiting USDC arbitrage to benefit rival stablecoin issuer Tether during the Silicon Valley Bank crisis. Circle alleged that Heka, backed by an $800 million investment from Tether, was redeeming unusually large amounts of USDC and funneling dollars into Tether, helping the stablecoin giant expand at Circle’s expense. Heka later sued Circle, claiming the ban cost it $49 million in profits, but an arbitrator ruled in Circle’s favor, finding that the fund had acted in bad faith and awarding Circle legal costs.

According to monitoring by Onchain Lens, Circle today again minted about 750 million USDC on the Solana chain. Since 2026, the total amount of USDC minted on Solana has reached approximately 69.01 billion units. https://t.co/fYhO2Jr0Pc

Circle minted another ~750M $USDC on Solana. Total $USDC minted on Solana in 2026 has now reached ~69.01B. Track: https://t.co/0EipRKEY7P Data @nansen_ai https://t.co/j8qztEtg9Q

According to Wu, Circle co‑founder and CEO Jeremy Allaire announced on X that Argentina’s major financial infrastructure and banking platform Grupo BIND has partnered with Circle to provide Argentine institutional clients access to USDC. This move is seen as a key step to increase liquidity between the Argentine peso (ARS) and USDC, further promoting the use of stablecoins in the local financial market. https://t.co/QKnxUBVkpd

Today, Grupo BIND, one of the largest financial infrastructure and banking platforms in Argentina, announced a collaboration with Circle to bring USDC access to institutions in Argentina. A major step for USDC/ARS liquidity. https://t.co/8sI9UKyHXY

Incredible several days in Buenos Aires, there is significant momentum for Circle, Arc and USDC in the market. Exchanges, market makers, payment infrastructure and crypto services players leaning in. Great energy. Go Argentina!! 🇦🇷 https://t.co/MZq5HyAJoU

【Latest Info⚡】 🇺🇸Interactive Brokers has added 9 crypto assets and started #stablecoin withdrawals to external wallets using $USDC, $PYUSD, and $RLUSD. https://t.co/T5Vcx3PGOt

According to the Financial Times, stablecoin issuer Circle banned the crypto fund Heka Funds at the end of 2023. Court documents show that Circle accused Heka of buying discounted USDC and redeeming cash from Circle through large‑scale arbitrage during the 2023 Silicon Valley Bank (SVB) crisis, suspecting that the funds ultimately flowed to Tether to help expand USDT’s market share. Arbitration documents reveal that Tether invested roughly $800 million in Heka, representing about 75% of the fund’s assets, and waived its minting fees, but Heka did not disclose this support relationship to Circle. Heka previously filed an arbitration claim for about $49 million in profit loss after its account was blocked, but the arbitrator dismissed all its claims in February this year, finding Heka engaged in malicious conduct and ordering it to pay Circle approximately $166,000 in legal and expert fees. Heka denies market manipulation and says it is not under regulatory investigation. Circle declined to comment, and Tether gave no response. https://t.co/vSDgBp8O8z