Horu@horuweb3
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Circle's stablecoin USDC saw its circulation decrease by approximately 800 million over a 7-day period, totaling 69.2 billion. This is due to redemptions exceeding issuances during that time. The reserves stand at approximately $70.5 billion, exceeding the circulation amount.
In the domestic cryptocurrency market, XRP garnered the most attention, accounting for 23.38% of trading value. WLD and ONDO also showed high domestic trading proportions, but their prices have recently declined. RLUSD experienced a surge in trading volume with no price change, and XRP had the highest kimchi premium.
candlewax@candlewax6
USDC is getting another regulator. Does that actually change anything for the people holding it?
Starting November 12, USDC will be under direct EBA supervision for things like reserves, liquidity and redemption planning in the EU.
It's the first stablecoin classified as a significant e-money token under MiCA.
Official announcement:
https://www.eba.europa.eu/publications-and-media/press-releases/eba-classifies-usdc-first-significant-e-money-token-european-union
I suppose more scrutiny is better than less.
But whenever I see "stronger regulatory oversight", I wonder what that translates to if something actually goes wrong.
USDC is getting another regulator. Does that actually change anything for the people holding it?
Starting November 12, USDC will be under direct EBA supervision for things like reserves, liquidity and redemption planning in the EU.
It's the first stablecoin classified as a significant e-money token under MiCA.
Official announcement:
https://www.eba.europa.eu/publications-and-media/press-releases/eba-classifies-usdc-first-significant-e-money-token-european-union
I suppose more scrutiny is better than less.
But whenever I see "stronger regulatory oversight", I wonder what that translates to if something actually goes wrong.
Binance France will close customer accounts on December 31, 2026, after failing to obtain MiCA authorization. Deposits are blocked, and a 0.025% monthly fee (min 10 USDC) starts Nov 29 to encourage withdrawals before the platform's closure.
According to Whale Alert, 309,864,597 USDC (approximately 420.7 billion KRW) was transferred between unidentified wallets. Both the sender and receiver were marked as unidentified wallets.

Horu@horuweb3
ARK ETF has applied for a Tokenized Market Infrastructure ETF that provides indirect exposure to ETH and SOL. Grayscale emphasized Ethereum's market dominance, and there were also reports of whale wallets purchasing ETH. Meanwhile, MEXC Global received an order to prohibit remittances to U.S. financial institutions, and USDC purchases are now available through Samsung Wallet.
It is now possible to purchase USD Coin (USDC) through Samsung Wallet on 82 million Galaxy devices in the United States. Stripe's Crypto Onramp service supports this, allowing purchases via Samsung Pay, credit cards, debit cards, and ACH payments. However, residents of New York State are excluded.

KITTO@kitto
Binance France will close customer accounts as of December 31, 2026. Accounts with remaining balances will incur a monthly management fee of 0.025% (minimum 10 USDC) starting November 29. Assets not withdrawn by December 31 will be handled according to the terms of service.
Binance France accounts will be closed on December 31st. Starting November 29th, a monthly management fee of 0.025% of the balance or 10 USDC, whichever is greater, will be charged, deducted first from USDC. Withdrawals before November 29th will be fee-exempt.
Circle has issued $250 million worth of USD Coin (USDC) on the Solana network. This transaction, valued at approximately 337 billion Korean Won, was processed through Circle's official minting address, according to Solscan data.
Circle has minted 250 million USDC on the Solana blockchain, as confirmed by Solscan data. The transaction was executed by Circle's official minting address and recorded by Whale Alert.
Nigeria imposes strict stablecoin regulations, requiring foreign issuers to establish local subsidiaries with $11.1M capital and obtain separate approvals for issuance and payment functions, impacting access for tokens like USDT and USDC.
RealFi is targeting a December 1st launch on the Ethereum mainnet and is also considering expansion to XRP Ledger. While maintaining Cardano as its base network, it plans to expand its products to EVM-compatible networks. It offers the stablecoin USDrf and the yield-bearing token sUSDrf, focusing on cross-border value stabilization and the growth of yield-bearing products.
MEXC is guiding eligible customers in France to Kraken to comply with French regulations. Customers will need to create a separate account and transfer their assets, as MEXC plans to gradually restrict and terminate services.
US Treasury sanctions Canadian money services firms over Iran-related transactions
US Treasury sanctions eight Canadian money services firms and MEXC Global for facilitating transactions with sanctioned Iranian entities, cutting them off from the US financial system and blocking assets.
Remittix has launched its deposit service 'Remittix Earn' for Ethereum, Tether, and USD Coin, offering up to a 21.4% annualized yield. Within four days of its launch, the service achieved a Total Value Locked (TVL) of $1.3 million, although specific conditions for each asset and on-chain data have not been disclosed.
What If the Only Companies That Let Their Stocks Be Tokenized Are Crypto Firms? — Barrons.com
A tokenized stock market initiative by OKX and ICE faces significant pushback from non-crypto companies, with only crypto-tied firms agreeing to participate. This highlights issuer concerns about pricing and volatility.











