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The supply of USD Coin stablecoin has crossed the $60 billion market cap threshold — a milestone that underscores its increasing adoption.
On Wednesday, stablecoin’s supply hit an all-time high of 60.2 billion — a 100% year-over-year increase from $30 billion in March 2024. The total stablecoin market cap reached all-time highs, surpassing $230 billion.

is a stablecoin pegged to the U.S. dollar, issued by Circle and backed by a consortium that includes Coinbase. It remains the second-largest stablecoin, trailing Tether’s USDT, with a market cap exceeding $144 billion. 

The distribution of USDC across multiple blockchains shows Ethereum as the dominant network, holding the majority with $36 billion. Solana follows with a substantial $10 billion. Other blockchains include Base with $3.8 billion, Hyperliquid with $2.2 billion, Arbitrum with $1.8 billion, and Berachain with $1 billion

Throughout the year's first quarter, Circle has minted substantial amounts of USDC on the Solana blockchain, notably in several tranches of 250 million. By March 20, USDC issuance on Solana had surpassed $10 billion.
Circle has also been making strides in expanding the stablecoin's reach and improving its infrastructure. This month, it announced the official launch of USDC in Japan through a partnership with SBI VC Trade. The firm also revealed plans to upgrade bridged USDC on the Ethereum Layer 2 blockchain, Linea, to natively issued USDC, marking the industry's first bridged-to-native transition.
Furthermore, it rolled out an upgraded version of its cross-chain transfer protocol on Avalanche, Base and Ethereum, with plans to extend support to Linea, Arbitrum and Solana soon. This upgrade reduces USDC transfer times between blockchains from minutes to seconds.

GRAPEVINE, Texas, March 25, 2025 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that its board has unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset.

The move will make World Wallet into a "mini bank account" for anyone who wants it, according to a person familiar with the plans.
What to know:
Tools for Humanity, the company that oversees Worldcoin and World Network, sent out a request for product form to card issuers, which was seen by CoinDesk.Earlier this month, World Network announced a World Chat application and the ability to send money in the form of crypto-based transactions between users on the network.
World Network, the blockchain-based ecosystem built to extend the functionality of biometric identification system Worldcoin, is in talks with card giant Visa to link on-chain card features to a self-custody crypto wallet, according to a person familiar with the plans.
The aim is to bring Visa card functionality to World Network wallets, delivering a range of fintech and FX applications, fiat on and off-ramps, as well as allowing stablecoin-based payments to thousands of merchants around the world that are part of the Visa network.
Tools for Humanity, the company cofounded by Open AI CEO Sam Altman that oversees Worldcoin and World Network, sent out a request for product form to card issuers, which was seen by CoinDesk.
World Network has been in talks with crypto card facilitators such as Rain, a company backed by Coinbase and Circle that provides on-chain Visa cards for projects like Optimism and Avalanche.

The plan is to build up a whole connected wallet strategy so that you can trade in all kinds of things, from FX to crypto, load to wallet, send to wallet, spend from card,” according to a source familiar with the plans. “Basically to turn World Wallet into a mini bank account for anyone who wants it.”
Given Altman's resources and general clout, "other wallet providers should be worried," the source added.
Earlier this month, World Network announced a World Chat application and the ability to send money in the form of crypto-based transactions between users on the network.
Worldcoin, the iris scanning orb that collects biometric data for the network, has attracted more than its fair share of controversy since appearing in 2021.
Big card networks like Visa and Mastercard have been working with crypto projects and wallet firms to explore ways their large networks can usefully overlap with the world of digital assets.
Tools for Humanity declined to comment. Rain also declined to comment. Visa did not provide a comment by publication time.

A key US House committee is expected to advance landmark stablecoin legislation, a priority of President Donald Trump and the crypto industry, according to two people familiar with the plans.
The Financial Services panel will consider the bill on April 2. The move comes as crypto’s clout in the US capitol has surged on bipartisan backing from key Democrats like Senator Kirsten Gillibrand of New York and record-setting campaign spending that helped defeat industry foes and elect allies.
Chairman French Hill of Arkansas said last week that a well-regulated stablecoin market would “strengthen the U.S. dollar’s dominance, modernize our payments infrastructure, and promote financial access without government overreach.”
Crypto companies, whose legislative agenda has long languished in the Capitol, have pitched stablecoins as a way to bring financial services to anyone with a phone, providing cheaper and faster global transactions than existing payment networks like credit cards, bank wires and ATM machines.
Dollar-based stablecoins bolster demand for US dollars and debt, because they are intended to be backed at least one-to-one with dollar-based assets, like short-term government debt or similar highly liquid reserves overseen by regulators. Stablecoin makes money by earning interest on those reserves.
But Maxine Waters, the top Democrat on the House committee, and Elizabeth Warren of Massachusetts, her counterpart on the Senate Banking Committee, have argued the measures do not adequately protect consumers. Both want a ban on tech companies like Elon Musk’s X or Meta Platforms Inc.’s Facebook issuing their own stablecoins as well as other changes.
Critics also worry about a lack of a backstop like FDIC insurance in case a stablecoin fails, while bankers have warned lawmakers about the potential for stablecoins to siphon off deposits and reduce access to credit.

New York - Abu Dhabi, 12 March 2025 – Binance, the world’s largest cryptocurrency exchange, and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment. This transaction, the first institutional investment in Binance to date, marks a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance. It is also the single largest investment into a crypto company and the largest investment ever paid in crypto (stablecoin). 
This investment represents MGX’s first entry into the cryptocurrency and blockchain sectors, securing a minority stake in Binance as part of a broader strategy to support blockchain’s transformative impact on society. By partnering with the leading industry player, MGX aims to enable innovation at the intersection of AI, blockchain technology and finance.
Binance has a substantial footprint in the UAE, a nation known for its innovation, progressive cryptocurrency regulation, and clarity in digital asset frameworks. Today, Binance employs approximately ~1,000 of its ~5,000 global workforce in the UAE. As the world's most secure, licensed, and trusted cryptocurrency exchange, Binance leads the industry by a significant margin. It is larger than the next several cryptocurrency exchanges combined by trading volume, boasting over 260 million registered users and surpassing $100 trillion in cumulative trading volume. This investment solidifies Binance’s position at the forefront of the crypto revolution while underscoring MGX’s commitment to enabling AI-powered blockchain solutions, decentralized finance (DeFi), and the tokenized digital economy.
Ahmed Yahia, Managing Director & CEO, MGX, said: “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater. Binance has long been a driving force in cryptocurrency innovation, from exchange technology and tokenization to staking and payments. Together, we are committed to building a more inclusive and robust digital finance ecosystem.”
Binance CEO, Richard Teng, added, “This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem.”
Richard Teng, who previously served as CEO of the globally recognized Abu Dhabi Financial Services Authority, played a key role in initiating one of the world’s first crypto regulatory frameworks, making his leadership instrumental in Binance’s regulatory strategy.
About MGX
MGX is a technology investment company focused on accelerating the development and adoption of AI and advanced technologies through world-leading partnerships in the United Arab Emirates and globally. MGX invests in sectors where AI can deliver value and economic impact at scale, including semiconductors, infrastructure, software, tech-enabled services, life sciences, and physical AI.

US President Donald Trump’s son Eric has been named the first member of Metaplanet’s strategic board of advisers, established to further the firm’s Bitcoin adoption aspirations
Bitcoin-stacking firm Metaplanet has appointed US President Donald Trump’s son Eric to its newly established strategic board of advisers to further Metaplanet’s mission to become a “global leader in the Bitcoin economy.”
”His business acumen, love of the Bitcoin community and global hospitality perspective will be invaluable in accelerating Metaplanet’s vision of becoming one of the world’s leading Bitcoin Treasury Companies,” Metaplanet CEO Simon Gerovich said in a March 21 announcement on X.
”As a globally recognized business leader and entrepreneur, Eric Trump brings a wealth of experience in real estate, finance, brand development, and strategic business growth and has become a leading voice and advocate of digital asset adoption worldwide,” Metaplanet added.

The move is part of Metaplanet’s plan to establish a board of influential voices, speakers and thought leaders around the world who are committed to furthering Bitcoin adoption.

Metaplanet shares increased 17.8% to 4,730 Japanese yen ($31.74) over the first 80 minutes of the March 21 trading day on the Tokyo Stock Exchange, Google Finance data

Metaplanet currently holds 3,050 Bitcoin
BTC
$84,722
— worth nearly $4.1 billion — making it the 12th largest corporate Bitcoin holder, BitBo’s BitcoinTreasuries.NET data shows.

The Japan-based investment firm set a target to accumulate at least 10,000 Bitcoin before the end of 2025. Gerovich’s firm has purchased 1,288 Bitcoin over the first 11 or so weeks of 2025 — a substantial rise in pace compared to 2024 but not quite on track to reach the ambitious target.
The company has been adopting a range of financial instruments to bolster its Bitcoin reserve since it made its first purchase on April 23, 2024.

Meanwhile, Eric Trump has been a key contributor to the Trump family’s World Liberty Financial crypto platform, which completed its second token sale in March 2025, bringing its total funding to $550 million.

The Trump-affiliated platform currently holds $80.8 million worth of crypto assets, accordingto crypto analytics platform Arkham Intelligence.

The president’s son also recently revealed that his personal crypto holdings include Bitcoin, Ether #ETH #solana #sol #SUİ