Circle adds 1 billion more USDC in seven days, and on the same day the BIS governor says stablecoins can hardly become a large-scale payment tool.
One in favor, one against—what is the market arguing about?
Circle’s recent moves have been coming too fast: it sponsored Chelsea’s jersey, deployed USDC natively on the Plasma chain, and also announced it would discontinue CCTP V1.
More issuance is often seen as a demand signal, but the BIS’s criticism isn’t just talk—banks are pushing tokenized deposits, which regulators may find more reassuring than stablecoins.
There are also reports that an AI agent used the x402 protocol to carry out 23 million stablecoin transfers over 30 days.
If that’s true, this burst of issuance may indeed be related to AI payments, but the figure has not yet been cross-validated by mainstream media.
On one side, Circle is spending to buy exposure and aggressively rolling out use cases; on the other, the Bank for International Settlements publicly rejects the idea.
Have you thought about this: if all big banks issue their own deposit tokens, is there still any need for USDC?
One in favor, one against—what is the market arguing about?
Circle’s recent moves have been coming too fast: it sponsored Chelsea’s jersey, deployed USDC natively on the Plasma chain, and also announced it would discontinue CCTP V1.
More issuance is often seen as a demand signal, but the BIS’s criticism isn’t just talk—banks are pushing tokenized deposits, which regulators may find more reassuring than stablecoins.
There are also reports that an AI agent used the x402 protocol to carry out 23 million stablecoin transfers over 30 days.
If that’s true, this burst of issuance may indeed be related to AI payments, but the figure has not yet been cross-validated by mainstream media.
On one side, Circle is spending to buy exposure and aggressively rolling out use cases; on the other, the Bank for International Settlements publicly rejects the idea.
Have you thought about this: if all big banks issue their own deposit tokens, is there still any need for USDC?