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Transfers

Stripe’s USDC Transfers Exceed $100 Million on Polygon, Base, Ethereum

by admin October 4, 2025

Stripe hits $100 million in USDC transfers across Polygon, Ethereum, Base
More and more corporations join stablecoin race

Stripe, a leading global fintech company, hit an all-time high in USDC stablecoin transfers. In September 2025 alone, the platform processed over $17 million in USDC via three blockchains, with Polygon (POL) outshining Ethereum (ETH).

Stripe hits $100 million in USDC transfers across Polygon, Ethereum, Base

Stripe’s Global Financial Accounts service eclipsed a cumulative $100 million in transfers via the USDC stablecoin. This massive amount was processed on three blockchains: Polygon (POL), Ethereum (ETH) and Base.

Such results were shared by Alex Obchakevich, seasoned cryptocurrency researcher and investor, with his 64.5K followers on X yesterday, Oct. 3, 2025.

In September 2025, the platform set a new all-time high in terms of stablecoin rails’ usage. Stripe transmitted $17 million in USDC coins. Since May 2025, Polygon (POL) has been processing more value than Ethereum (ETH), the Dune dashboard by Obchakevich says.

In total, Polygon (POL) was responsible for $51 million in equivalent, Ethereum (ETH) processed $48 million, while Base totaled $3 million.

The service is available in over 100 countries and territories globally. Paxos, a U.S. fintech heavyweight, is handling the technical side of the integration.

More and more corporations join stablecoin race

In 2025, more and more Web2 digital payment systems are exploring the opportunities of stablecoins. Last week, PayPal launched Aave incentives for its PYUSD stablecoin.

As covered by U.Today previously, Ripple president Monica Long named TradFis integrating stablecoins as one of the hottest trends of 2025.

BOB and LayerZero Enable BTC Transfers Across 11 Major Blockchains

by admin September 30, 2025

Decentralized finance (DeFi) protocol Build on Bitcoin (more commonly known as “BOB”) unveiled a system that lets BTC$113,053.81 holders move their assets into decentralized trading apps with a single click, the company said on Tuesday.

“BOB Gateway” connects native Bitcoin to LayerZero’s “omnichain fungible token” (OFT) version of wrapped BTC, an asset issued by BitGo. The integration extends to 11 blockchains including Ethereum, Avalanche and Base, bringing access to nearly 15,000 decentralized apps that can now support direct Bitcoin deposits.

Until now, most of these blockchains lacked a straightforward way to connect to Bitcoin. Users often had to navigate complex bridging processes, which carried both technical friction and security risks.

With BOB Gateway, they can move between native BTC and wBTC.OFT in one step, a change that could make strategies such as yield farming or looping trades more accessible to retail and institutional investors alike.

Yield farming and looping supply liquidity to DeFi platforms, acting as the foundation for lending, borrowing, and trading. This process allows users to earn significant passive income. Making these trades easier with native BTC — the largest and most trusted digital asset — would mobilize a massive pool of capital, increasing DeFi’s liquidity, security, and overall market maturity.

More than $2.3 billion worth of wBTC.OFT has already been bridged across 67,000 transfers on LayerZero, the companies said. By enabling direct inflows from native BTC, the gateway could bring fresh liquidity into DeFi markets that rely on wrapped bitcoin as collateral or trading pairs.

Alexei Zamyatin, co-founder of BOB, said the update “makes wBTC.OFT instantly accessible” across supported chains, while LayerZero’s Simon Baksys described the move as adding utility to “one of the most trusted assets in crypto.”

The rollout includes Ethereum, Avalanche, Base, Unichain, Soneium, Bera, Optimism, Sei, Sonic and BOB itself, covering much of the current DeFi landscape.

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September 30, 2025 0 comments

Crypto Trends

Bhutan Transfers $107M Bitcoin, With $1.1B BTC Left

by admin September 19, 2025

The Royal Government of Bhutan transferred more than $100 million worth of Bitcoin this week, raising concerns about potential sell pressure in the market just as the US Federal Reserve delivered its first interest rate cut of 2025.

The Bhutan government-labelled wallet moved 913 Bitcoin (BTC) worth about $107 million into two newly created cryptocurrency wallets on Thursday.

The original wallet still holds 9,652 Bitcoin worth over $1.1 billion, according to blockchain data platform Lookonchain.

The transfers may indicate Bhutan is preparing to sell a portion of its holdings. If the government liquidated its entire stash, it could add more than $1 billion of supply to the market.

Source: Lookonchain

Related: Standard Chartered venture arm to raise $250M for digital asset fund: Report

It was the first activity in a month from the wallet, which previously moved $92 million worth of Bitcoin on Aug. 18, according to Arkham data.

Bhutan has embraced cryptocurrency under its current monarch, King Jigme Khesar Namgyel Wangchuck, including initiatives such as hydro-powered Bitcoin mining and a crypto reserve.

In September 2024, Arkham identified the first Bitcoin address of Bhutan’s investment arm, Druk Holding and Investments, which held about $780 million in crypto, showcasing the benefits of cryptocurrency adoption for developing economies.

Related: ‘Diamond hand’ investor turns $1K into $1M as BNB tops $1,000

Whales stir as Fed cuts rates

The Bhutan transfers came as other large holders moved coins ahead of potential volatility.

On Wednesday, an unknown whale woke up after 12 years of dormancy to transfer $116 million worth of Bitcoin, which he initially acquired for just $847 per token, worth around $847,000 at the time.

The transfer occurred shortly before Wednesday’s highly anticipated Federal Open Market Committee (FOMC) meeting, which delivered the first US interest rate cut of the year.

While Bitcoin initially topped $117,000 on the interest rate cut announcement, the “median FOMC projection of just 50 bps in total cuts this year tempers the optimism,” introducing short-term volatility risks, Ryan Lee, chief analyst at Bitget exchange, told Cointelegraph, adding:

“Historically, crypto has dipped 5–8% percent following rate cuts before resuming its upward path, suggesting a potential ‘sell the news’ phase in the days ahead.”

“In the near term, Ethereum and Solana may outperform on ETF-driven inflows and network catalysts, while Bitcoin consolidates before targeting $123,000 to $150,000 if subsequent cuts materialize,” the analyst added.

Magazine: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder

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September 19, 2025 0 comments

NFT Gaming

SharpLink Transfers 379M USDC To Galaxy Digital: Ethereum Buy Incoming?

by admin September 11, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum continues to show remarkable resilience, with demand leaving its mark even as price action remains sideways. ETH has been consolidating in a narrow range, mirroring the broader market where Bitcoin trades cautiously and altcoins display selective strength. Yet behind the scenes, institutional interest in Ethereum is quietly building, setting the stage for what could be the next major move.

According to fresh data from Lookonchain, SharpLink recently transferred $379 million USDC to Galaxy Digital, capital that may be allocated toward purchasing more ETH. This transfer underscores a growing trend: institutional players are not shying away from Ethereum, even amid volatility and macroeconomic uncertainty. Instead, they are positioning themselves for what could be a decisive breakout once the current consolidation phase resolves.

SharpLink Transfers to Galaxy Digital | Source: Lookonchain

SharpLink Gaming is among the first Nasdaq-listed companies to design a treasury strategy centered on ETH, marking a significant milestone in corporate adoption. By treating Ethereum as a strategic reserve asset, it reinforces the idea that ETH’s role extends well beyond speculative trading into long-term institutional portfolios.

Related Reading: Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details

With consolidation tightening and institutional inflows accelerating, the coming weeks may prove critical. Many investors expect a massive surge for Ethereum once the current sideways structure breaks, potentially marking the start of its next major rally.

SharpLink Expands Ethereum Treasury

SharpLink has officially announced that its total Ethereum holdings climbed to 837,200 ETH as of August 31, 2025, solidifying its role as one of the largest corporate holders of the asset. The company continues to pursue its ETH-focused treasury strategy aggressively, with notable activity reported in the week ending August 31.

During that week, SharpLink purchased an additional 39,008 ETH, bringing its cumulative balance to new heights. These acquisitions were financed through $46.6 million in net proceeds raised via the company’s at-the-market (ATM) facility, demonstrating its ongoing ability to secure fresh capital for strategic allocations. Importantly, the average purchase price for the week’s ETH acquisitions stood at $4,531, reflecting the company’s confidence in buying at elevated levels as Ethereum consolidates near all-time highs.

SharpLink Weekly Ethereum and Capital Summary | Source: SharpLink

This accumulation has elevated SharpLink to the position of the second-largest ETH treasury holding company, trailing only BitMine. BitMine currently holds more than 2 million ETH, valued at approximately $9.2 billion. Together, these treasury allocations highlight how major institutions are increasingly adopting Ethereum not only as a speculative asset but also as a long-term strategic reserve.

By expanding its ETH holdings so aggressively, SharpLink is sending a clear signal to the market: Ethereum’s role in corporate treasuries is no longer theoretical. As adoption grows, such moves could prove pivotal in reinforcing ETH’s status as a core asset in the global digital economy.

ETH Analysis: Trading Sideways

Ethereum is trading at $4,436, showing a 2% daily gain as the price begins to emerge from a prolonged consolidation phase. The 12-hour chart highlights that ETH has been moving sideways for much of September, holding firmly above $4,200 support. Now, momentum appears to be picking up as the price tests resistance around $4,450.

ETH testing local supply | Source: ETHUSDT chart on TradingView

The 50 SMA at $4,407 is now acting as immediate support, while the 100 SMA at $4,182 provides a stronger cushion below. The 200 SMA, sitting at $3,460, remains well beneath the current range, confirming that ETH’s broader bullish structure is intact. As long as Ethereum maintains levels above $4,200, the technical setup favors continuation to the upside.

For bulls, the next critical test lies in reclaiming $4,600, a level that has repeatedly capped rallies in recent weeks. A decisive breakout above this resistance would set the stage for ETH to retest the $4,800–$5,000 zone, potentially marking the start of a stronger bullish leg.

Featured image from Dall-E, chart from TradingView

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September 11, 2025 0 comments

Crypto Trends

OKX and Tether Join Forces to Simplify Cross-Chain USDT Transfers

by admin September 9, 2025

OKX has launched USDT0, a unified version of Tether’s USDT, across its entire platform. The update is now live on X Layer, which is OKX’s Ethereum Layer 2 network, as well as its wallet and exchange. It aims to simplify stablecoin transactions and boost liquidity, the company announced on X.

DeFi just leveled up.

In partnership with @Tether_to, USDT0 — the unified liquidity protocol for USDT, the world’s largest stablecoin — is now live on X Layer, OKX, and Wallet.

✅ One USDT across 12+ chains incl. Arbitrum, Optimism, Unichain, & Polygon.

Read:… pic.twitter.com/DvEFwwt5o5

— OKX (@okx) September 9, 2025

With this latest update, OKX clients now have a convenient way to deposit and withdraw USDT0 directly. It enables them to enjoy a more rich and combined liquidity pool on over 12 major chains such as Arbitrum, Optimism, Polygon, Berachain, and Unichain.

A New Era for DeFi and Stablecoins

In an explanation, OKX said that USDT0 is driven by LayerZero’s Omnichain Fungible Token (OFT) standard, where all trades are verifiably settled and 1:1 backed by canonical USDT.

Furthermore, it eliminates wrapped tokens and perilous bridging solutions. Hence, it is a more secure and efficient way of transferring stablecoins between decentralized finance (DeFi) networks.

The integration allows instant settlements and direct liquidity flows between OKX’s centralized exchange and decentralized markets. Besides, it boosts the speed of cross-rollup transactions while reducing friction for traders and developers.

Star Xu, OKX’s founder and CEO, described X Layer as “The New Money Chain and a foundation for seamless, stable, and interoperable value exchange.” He added, “By partnering with Tether to bring USDT0 to X Layer and other chains, we’re empowering customers with stable omnichain liquidity.”

Rapid Growth and Future Expansion

Since its launch, USDT0 has processed over $11.3 billion in bridge volume through more than 251,000 cross-chain transfers, making it the most active OFT in the LayerZero ecosystem.

Lorenzo R., USDT0 co-founder, emphasized its impact: “Stablecoins are becoming the backbone of on-chain finance. With USDT0 live on OKX and X Layer, millions can tap into unified liquidity.”

Additionally, Tether plans to launch USDT on RGB, a new protocol that expands Bitcoin’s role beyond a store of value. This shows the growing vision for stablecoins to power the next generation of global finance.

Also Read: Plasma Hires Senior Staffs After $373M Raise Ahead of Mainnet

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September 9, 2025 0 comments

Crypto Trends

Stablecoin Retail Transfers Hit Record Level as BSC, Ethereum Gains Ground, Tron Slips

by admin September 7, 2025

Stablecoin adoption among retail users has set new records this year, with transaction volumes through August already exceeding last year’s total, a fresh report by CEX.io said.

Retail-sized transfers, counting transactions under $250, crossed $5.84 billion in August alone, the highest ever recorded, according to data by Visa and Allium cited in the report. With nearly four months left in the year, 2025 has already become the busiest period yet for stablecoin transfer volume at the consumer level.

The figures underscore stablecoins, a group of cryptos tied to fiat currencies like the U.S. dollar, becoming increasingly embedded into everyday financial activity, from cross-border remittances to microtransactions, the report pointed out.

Survey data from emerging markets, asking over 2,600 consumer in Nigeria, India, Bangladesh, Pakistan and Indonesia, reinforced this picture, CEX.io analysts. A majority of respondents said they turned to stablecoins to avoid high banking fees and slow transfers, the report said. Nearly 70% of them reported using stablecoins more frequently than last year, and more than three-quarters expect usage to keep rising, the report said.

Survey results about stablecoin motivations in emerging countries. (CEX.io)

Ethereum gains, Tron falls back

The distribution of activity among blockchains have shifted, the report noted. The Tron TRX$0.3272 blockchain, traditionally popular for retail transfers due to its low fees and wide support for Tether’s USDT (USDT), has given up market share. Monthly transaction counts fell by 1.3 million, or 6%, and its growth in volume lagged behind its closest competitors.

In its place, Binance Smart Chain (BSC) emerged as the top choice for retail users, capturing nearly 40% of retail stablecoin activity, the report said. The network’s transaction count jumped 75% this year with transfer volume rising 67%. Much of the momentum came after Binance delisted USDT in March for European users and a resurgence of memecoin trading on PancakeSwap on BSC.

The Ethereum complex, with the base chain and layer-2 networks combined, made up over 20% of transfer volume and 31% of transaction counts, the report noted. While small transfers largely took place on L2s, the mainnet enjoyed a significant rise in the retail segment. Sub-$250 transfers on the mainnet rose 81% in volume and 184% in count.

Ethereum has been mostly used for large-value transactions due to its high fees, but transaction costs have dropped more than 70% over the past year, making mainnet transactions more competitive even in the sub-$250 range, the authors said.

Read more: Ripple Brings $700M RLUSD Stablecoin to Africa, Trials Extreme Weather Insurances

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September 7, 2025 0 comments

Circle stock price pump gains steam, but a crash may follow

GameFi Guides

Circle launches Gateway for USDC transfers across seven blockchains

by admin August 19, 2025

Stablecoin issuer Circle has launched Gateway, enabling instant USDC transfers across seven major blockchains.

Summary

Circle launched Gateway to unify USDC liquidity across seven blockchains
Gateway connects USDC on Arbitrum, Avalanche, Base, Ethereum, OP Mainnet, Polygon PoS, and Unichain on launch day
According to Circle, Balances will be accessible cross-chain in <500 ms

Circle has made a significant step in USDC usability. On Tuesday, August 19, Circle launched Gateway on mainnet, connected to seven major blockchains. The platform unifies USDC balances across Arbitrum, Avalanche, Base, Ethereum, OP Mainnet, Polygon PoS, and Unichain on launch day. Circle announced expansions on other chains, with Arc next in line.

Currently, stablecoin liquidity is fragmented across several blockchains. For this reason, exchanges require more capital to operate, and managing their treasuries is complicated. Moreover, rebalancing creates delays and higher costs.

Gateway provides a unified USDC balance across several chains, using a mix of smart contracts and off-chain attestation. According to Circle, cross-chain transfers happen in less than 500 ms, providing a single-chain experience.

Moreover, assets in the Gateway Wallet are self-custodial, remaining under user control. Specifically, assets cannot be burned or minted without user authorization. Additionally, users can initiate a trustless withdrawal even if the Gateway API is unavailable.

Circle riding on growing stablecoin demand

Users have to deposit USDC into a Gateway Wallet contract on any chain. As soon as they do, balances update on all chains. To transfer funds, the Gateway Minter mints USDC on the destination chain while burning on the source chain.

Circle is riding the wave of growing stablecoin adoption. According to the company’s Q2 reports, the company earned $658 million in revenue, up 53% from the previous year. The main reason for this rise was an 86% in USDC circulation, driven by demand for stablecoins.

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August 19, 2025 0 comments